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» Cruise Talk   » Cruise Lines   » Louis confirms sale

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Author Topic: Louis confirms sale
ahrpd
First Class Passenger
Member # 6229

posted 05-06-2008 07:10 AM      Profile for ahrpd     Send New Private Message      Edit/Delete Post  Reply With Quote 
From the Louis Group:

"Louis plc announces that within the framework of its policy for a renewal and reorganization of the fleet, it has proceeded with the sale of the two oldest cruise ships m/v Princesa Marissa and m/v Serenade against the sum of $8.4 million €5.4 million).

The Group also proceeded with the acquisition of the proprietorship of cruise ships m/v Thomson Destiny (725 cabins) and m/v Thomson Spirit (627 cabins), which are held by the Company within the framework of the bear/boat/hire purchase agreement against the sum of $123.5 million (€80.0 million).

It is reminded that m/v Thomson Spirit and m/v Thomson Destiny are chartered with TUI until 2011.

From the sale above, it is expected that the total net profit will reach €3.0 million."

Tony


Posts: 948 | From: gibraltar | Registered: Feb 2006  |  IP: Logged
ahrpd
First Class Passenger
Member # 6229

posted 05-06-2008 09:09 AM      Profile for ahrpd     Send New Private Message      Edit/Delete Post  Reply With Quote 
It's just occurred to me that THOMSON SPIRIT becomes one of the few ships sold by Carnival out of its corporate fleet (ex HAL's NIEUW AMSTERDAM).

Other than Pullmantur's OCEAN DREAM (ex TROPICALE), are there any other ex-Carnival ships sailing for non-Carnival Group companies?

Tony


Posts: 948 | From: gibraltar | Registered: Feb 2006  |  IP: Logged
Linerrich
First Class Passenger
Member # 4864

posted 05-06-2008 09:29 AM      Profile for Linerrich   Email Linerrich   Send New Private Message      Edit/Delete Post  Reply With Quote 
The TOPAZ.

Rich


Posts: 4210 | From: Miami, FL | Registered: Jul 2004  |  IP: Logged
ahrpd
First Class Passenger
Member # 6229

posted 05-06-2008 09:54 AM      Profile for ahrpd     Send New Private Message      Edit/Delete Post  Reply With Quote 
Only as far as the breakers!!

Tony


Posts: 948 | From: gibraltar | Registered: Feb 2006  |  IP: Logged
r.fiebig
First Class Passenger
Member # 5240

posted 05-06-2008 12:04 PM      Profile for r.fiebig   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
quote:
Other than Pullmantur's OCEAN DREAM (ex TROPICALE), are there any other ex-Carnival ships sailing for non-Carnival Group companies?

Rotterdam V doesn't count, does she?


Best,

Raoul


Posts: 775 | From: Paderborn, Germany | Registered: Dec 2004  |  IP: Logged
Waynaro
First Class Passenger
Member # 3484

posted 05-06-2008 02:43 PM      Profile for Waynaro   Email Waynaro   Send New Private Message      Edit/Delete Post  Reply With Quote 
quote:
Originally posted by ahrpd:
It's just occurred to me that THOMSON SPIRIT becomes one of the few ships sold by Carnival out of its corporate fleet (ex HAL's NIEUW AMSTERDAM).

Other than Pullmantur's OCEAN DREAM (ex TROPICALE), are there any other ex-Carnival ships sailing for non-Carnival Group companies?

Tony


There is also THOMSON CELEBRATION, which is the former NOORDAM.

Posts: 6108 | From: Vallejo,CA : California Maritime Academy!!! | Registered: Nov 2002  |  IP: Logged
Ernst
First Class Passenger
Member # 5369

posted 05-06-2008 02:49 PM      Profile for Ernst   Author's Homepage   Email Ernst   Send New Private Message      Edit/Delete Post  Reply With Quote 
Windstar Cruise Line, the former Sea Goddess ships.

[ 05-06-2008: Message edited by: Ernst ]


Posts: 9746 | From: Eindhoven | Registered: Jan 2005  |  IP: Logged
dougnewman
First Class Passenger
Member # 11349

posted 05-06-2008 02:52 PM      Profile for dougnewman   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
Who owned THOMSON DESTINY? I didn't realize Louis didn't own her.

quote:
Originally posted by ahrpd:
Other than Pullmantur's OCEAN DREAM (ex TROPICALE), are there any other ex-Carnival ships sailing for non-Carnival Group companies?
SAGA RUBY, SEADREAM I, SEADREAM II, SKY WONDER, WIND SPIRIT, WIND STAR, WIND SURF.

quote:
Originally posted by Waynaro:
There is also THOMSON CELEBRATION, which is the former NOORDAM.
She's still owned by HAL.

Posts: 2072 | From: Long Island, NY, USA | Registered: Sep 2007  |  IP: Logged
Panos
First Class Passenger
Member # 1022

posted 05-06-2008 03:09 PM      Profile for Panos     Send New Private Message      Edit/Delete Post  Reply With Quote 
quote:
Originally posted by ahrpd:
From the Louis Group:

"Louis plc announces that within the framework of its policy for a renewal and reorganization of the fleet, it has proceeded with the sale of the two oldest cruise ships m/v Princesa Marissa and m/v Serenade against the sum of $8.4 million €5.4 million).

The Group also proceeded with the acquisition of the proprietorship of cruise ships m/v Thomson Destiny (725 cabins) and m/v Thomson Spirit (627 cabins), which are held by the Company within the framework of the bear/boat/hire purchase agreement against the sum of $123.5 million (€80.0 million).

It is reminded that m/v Thomson Spirit and m/v Thomson Destiny are chartered with TUI until 2011.

From the sale above, it is expected that the total net profit will reach €3.0 million."

Tony



I guess with these two ships leaving the fleet now, Ivory (ex Ausonia) shall be the next one to follow given that it is the only remaining ship in the fleet that is really old.


Posts: 443 | From: Cyprus | Registered: Jan 2000  |  IP: Logged
Waynaro
First Class Passenger
Member # 3484

posted 05-06-2008 03:48 PM      Profile for Waynaro   Email Waynaro   Send New Private Message      Edit/Delete Post  Reply With Quote 
quote:
Originally posted by dougnewman:

She's still owned by HAL.

Thanks Doug. So Thomson chartered her directly from HAL or thur Louis? I thought I remember reading something that links Louis with this ship.

By the way, what about SKY WONDER (ex. FAIRSKY, SKY PRINCESS, PACIFIC SKY)?


Posts: 6108 | From: Vallejo,CA : California Maritime Academy!!! | Registered: Nov 2002  |  IP: Logged
Neil - Ex P & O & PRINCESS CRUISES
First Class Passenger
Member # 5641

posted 05-06-2008 03:54 PM      Profile for Neil - Ex P & O & PRINCESS CRUISES   Author's Homepage   Email Neil - Ex P & O & PRINCESS CRUISES   Send New Private Message      Edit/Delete Post  Reply With Quote 
Hi

Louis Cruise ship ' Sapphire ', although modern in design , dates back to about 1967 so unless she is updated for the Solas 2010 regulations she could also be heading for the breakers.

Neil ( Bob )


Posts: 2355 | From: Dunstable, Bedfordshire. 30 miles north of London | Registered: May 2005  |  IP: Logged
dougnewman
First Class Passenger
Member # 11349

posted 05-06-2008 04:04 PM      Profile for dougnewman   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
quote:
Originally posted by Waynaro:
Thanks Doug. So Thomson chartered her directly from HAL or thur Louis? I thought I remember reading something that links Louis with this ship.
I'm not sure who Thomson charters her from, honestly. But not Louis. She is managed by Columbia Ship Management so I guess either Thomson charters her directly from HAL or from Columbia.

quote:
Originally posted by Waynaro:
By the way, what about SKY WONDER (ex. FAIRSKY, SKY PRINCESS, PACIFIC SKY)?
She certainly qualifies; look between SEADREAM II and WIND SPIRIT in my post.

Posts: 2072 | From: Long Island, NY, USA | Registered: Sep 2007  |  IP: Logged
rd77
First Class Passenger
Member # 2117

posted 05-07-2008 03:05 AM      Profile for rd77   Email rd77   Send New Private Message      Edit/Delete Post  Reply With Quote 
Wayne,

I would say she is chartered directly from HAL. Ownership is still held by HAL Antillen I believe. She is also still registered at Philipsburg, St Maarten (Netherlands Antilles). She was also registered there during her HAL years for quite a while.

quote:
Originally posted by Waynaro:
Thanks Doug. So Thomson chartered her directly from HAL or thur Louis? I thought I remember reading something that links Louis with this ship.

By the way, what about SKY WONDER (ex. FAIRSKY, SKY PRINCESS, PACIFIC SKY)?



Posts: 1037 | From: The Hague, Netherlands | Registered: Jun 2001  |  IP: Logged
ahrpd
First Class Passenger
Member # 6229

posted 05-07-2008 04:24 AM      Profile for ahrpd     Send New Private Message      Edit/Delete Post  Reply With Quote 
[QUOTE]Originally posted by dougnewman:
[QB]Who owned THOMSON DESTINY? I didn't realize Louis didn't own her.

MyTravel decided to wind up its cruise operations as part of a bid to remain solvent and sold two of its ships to Louis in April 2004 – CAROUSEL, renamed AQUAMARINE, on a hire purchase deal for $US14 million and SUNBIRD, which became THOMSON DESTINY. Having paid $US71 million for the Destiny, Louis immediately re-sold her to a Norwegian K/S Investment Partnership, Med Cruise, for $US90 million but leased her back for ten years.

Tony


Posts: 948 | From: gibraltar | Registered: Feb 2006  |  IP: Logged
Waynaro
First Class Passenger
Member # 3484

posted 05-07-2008 11:16 AM      Profile for Waynaro   Email Waynaro   Send New Private Message      Edit/Delete Post  Reply With Quote 
quote:
Originally posted by rd77:
Wayne,

I would say she is chartered directly from HAL. Ownership is still held by HAL Antillen I believe. She is also still registered at Philipsburg, St Maarten (Netherlands Antilles). She was also registered there during her HAL years for quite a while.


Thanks for the reply. I was not aware HAL still owned her. I would have thought HAL dumped her by now!

quote:
Originally posted by ahrpd:
Having paid $US71 million for the Destiny, Louis immediately re-sold her to a Norwegian K/S Investment Partnership, Med Cruise, for $US90 million but leased her back for ten years.
So in the press release, Louis is basically saying they bought the ship back from Med Cruises?

Posts: 6108 | From: Vallejo,CA : California Maritime Academy!!! | Registered: Nov 2002  |  IP: Logged
Panos
First Class Passenger
Member # 1022

posted 05-07-2008 12:58 PM      Profile for Panos     Send New Private Message      Edit/Delete Post  Reply With Quote 
quote:
Originally posted by Waynaro:
So in the press release, Louis is basically saying they bought the ship back from Med Cruises?

The deal done a few years ago was a hire-purchase agreement meaning that Louis would hire her for the first few years and still have the right to purchase her at a pre-agreed price.

This appears to have happened now so both the Thomson Spirit and Destiny have been fully purchased by Louis.

"The Group also proceeded with the acquisition of the proprietorship of cruise ships m/v Thomson Destiny (725 cabins) and m/v Thomson Spirit (627 cabins), which are held by the Company within the framework of the bear/boat/hire purchase agreement against the sum of $123.5 million (€80.0 million). "


Posts: 443 | From: Cyprus | Registered: Jan 2000  |  IP: Logged

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