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Silversea acquires Crystal Endeavour for $275m

Luxury
Will Payne
18 July 2022

Silversea Cruises has received court approval for the purchase of ultra-luxury cruise ship Crystal Endeavor. 

Silver Endeavour has been launched in Antarctica

Originally delivered to Crystal Cruises in 2021, the ship will be renamed Silver Endeavour when it officially joins the Royal Caribbean Group subsidiary later this month.

The purchase price for the vessel was $275 million and was fully financed through a 15-year unsecured term loan, guaranteed by the German export credit agency, Euler Hermes, with no amortization payments in the first two years.

The fifth expedition ship in Silversea’s fleet of 11, the vessel is scheduled to begin service winter 2022/2023, spending its inaugural season in Antarctica starting November 2022.