Celestyal Cruises sells new ship, Celestyal Experience
The company announced the acquisition of the Costa neoRomantica built in 1993 in July 2020 and described a major upgrade to add suites, new wellness rooms, a Mediterranean wine and cheese bar and a Beach Club. CEO Chris Theophilides has said it will be a game-changer for Celestyal.
What was to be the line’s new flagship never worked due to the pandemic.
Improves liquidity for the 2022 restart
“The sale of the Celestyal experiment will provide the company with increased liquidity which, combined with the absence of third party debt, provides a solid financial foundation, ensuring a successful restart by March 2022,” the line said in a statement. A buyer was not mentioned.
The announcement of the sale came as a surprise.
Value at least $ 20 million, Chinese interest?
“The vessel has been kept in perfect condition while she was on standby in Piraeus and more recently in Elefsis,” said Piraeus shipping broker Denis Vernadakis.
It is said to be worth over $ 20 million, but no price has been announced and no buyers have been revealed, although Chinese interests are known to have followed the fate of the ship. As of Thursday, at least three Chinese inspectors were on board at Elefsis.
It has been suggested that current shareholders in the company that owns the ship may be behind the decision to “sell” after Celestyal postponed the already delayed 2021 Experience program until spring 2022.
Two-vessel operation continues
Celestyal Crystal and Celestyal Olympia will continue to operate; The line said both ships have seen significant investments in recent years to improve the passenger experience and align with Celestyal’s branding.
Celestyal says the decision to postpone growth allows it to focus on regaining momentum after the pandemic, and when the time comes, it will return to look for options to expand its fleet.
Passengers booked on Celestyal Experience are being contacted and will be relocated aboard Celestyal Crystal.