Cruise & Maritime Voyages enters administration

Cruise

Sophie Griffiths

20 July 2020

Cruise & Maritime Voyages has ceased trading with immediate effect and its international sales offices in Australia, France, the United States and TransOcean Kreuzfahrten in Germany have also ceased trading.

Columbus is among the five ships formerly operated by CMV up for sale

Administrators Duff & Phelps confirmed the news, stating they had been appointed joint administrators of Cruise & Maritime Voyages Ltd (CMV) and sister companies South Quay Travel & Leisure Ltd, Independent Coach Travel (Wholesaling) Ltd and Viceroy Ltd

The Essex-based cruise line had entered into “eleventh-hour” discussions with investor VGO Capital Management, after announcing in June it was looking for “additional financing to improve its liquidity position”.

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