Pullmantur Cruises ships to be sold or scrapped

   June 22, 2020 ,   Cruise Industry

In mid-June 2020, Pullmantur Cruceros' owners (Cruises Investment Holding + RCCL-Royal Caribbean) filed for a supervised reorganization/bankruptcy under Spain's insolvency laws' terms. This could be the end of Pullmantur as cruise brand.

Pullmantur Cruises logo

Reportedly, the crew is currently dismantling and removing machinery, various equipment, furniture and artworks from both vessels (Monarch and Sovereign) while they are berthed in Port Naples Italy (at Stazione Marittima di Napoli cruise terminal / Naples' Maritime Station).

All the company's employees have been notified of the management's decision - explained with the Coronavirus pandemic's economic impact. Booked Pullmantur cruise customers are offered the option to rebook on other RCCL-owned companies.

Based on rumours, Pullmantur's boats will be either scrapped or sold. According to unofficial information, two cruise ships are currently for sale - Monarch (1991-built, 2018-refurbished) for USD 125 million, and Horizon (1990-built, 2019-refurbished) for USD 65 million. The fleet's oldest vessel is Sovereign (1988-built, 2015-refurbished). Sovereign's scheduled for 2020 drydock refurbishment was cancelled.

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