Arrested cruise ships Crystal Serenity and Crystal Symphony fetch $128m in sale

The Crystal Symphony (Courtesy Ports of America)Two cruise ships that have been under arrest in Bahamian waters for more than four months were yesterday sold for a combined $128m via auction, Tribune Business was told.

Richard Horton, attorney and partner at Alexiou, Knowles and Company, who represented the Crystal Serenity and Crystal Symphony’s secured financier, confirmed to this newspaper that the vessels were sold for $103m and $25m respectively.

“For the Serenity, the total amount paid for the vessel was $103m. The buyer was a company called CDE Ltd,” Mr Horton, who acted for DNB Bank, revealed. “For the Symphony, the amount agreed was $25m for the vessel, and the purchaser’s name was CSY Ltd.”

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