Looks like we have one that has officially bitten the dust

So saw this today. Looks like the first with possibly a few other smaller players to follow. This could also affect how RCCL moves forward.

https://cincodias.elpais.com/cincodias/2021/02/18/companias/1613670093_416471.html?fbclid=IwAR2NK6hX8Ug7WtuKXx71fdJgQOxIE0iYHlQ7-lW2kkUrjVg4rW7ByNwfTFU

7 Answers

Thanks for sharing. I agree, smaller lines are on the edge of economic collapse. Sad.

Sorry to see this happening! Unfortunately it's not really a surprise.Crying

Wait....memory is great thing...as long as it works....I seem to remember PULLMANTUR actually going bankrupt almost a year ago (turns out it was last summer)...and they had all these schemes to "reorganize"..looks like they failed because RCL owns half of the co, which is now worthless...digging around, it looks like some of their employees were actually RCL employees...either way, when the dust settles, the ships are or have already been scrapped (I seem to remember they were OLD), and ALL the employees are gone. Im not sure to what extent RCL was liable for payroll or expenses, but seems to me RCL and the other "big boys" are so deep in debt I'd hate to think what the final outcome would be if their plans to start sailing this year fall thru. Theres what they put out for public consumption, and then theres the "conversations" in the executive washroom....

BTW, fortunately, the "translator" function on this toy really does work!!!!

What surprised me most was that RCL stated that they would refund in cash the funds that have been paid for cancelled cruises

Got me there...I don't understand either..unless they thought it would "look bad"....but since when did "look bad" have anything to do with legal fol-de-rol and bankruptcy??? besides RCL itself is operating on borrowed cash......I guess the amount involved is so small they don't need the adverse publicity that they'd be next...whats a few mill between friends anyway???

2 of the 3 Pullmantur ships are at the scrap yard. One of them is already cut up and history (Sovereign) and they have started cutting up Monarch. Horizon, last I heard was waiting for room at the scrap yard.

It was a shame to loose Sovereign as she was the first of the mega liners for RCI. I had been on her sister ship Monarch a lot as she used to be home ported in Long Beach when RCI was doing the Baja cruises. Last cruise my Dad made it on was on the Monarch of the Seas.

I can see why they aren't doing well, I hope things can get back to normal soon!

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