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Funds managed by Searchlight Capital Partners, the US based private equity investor, has agreed to take an undisclosed stake in Celestial Cruises, the Greek cruise line that is part of the Cyprus based Louis PLC group. (more…)
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Louis plc announced in a prepared statement that it had sold the M/V Majesty to an “overseas company.” The buyer was not named. The Majesty launched as the Royal Majesty for Majesty Cruise Line in 1992. (cruiseindustrynews.com)
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The Greek government has ordered the raising of a sunken cruise ship (Sea Diamond) that foundered just off the holiday island of Santorini ten years ago, leaving two passengers missing and presumed dead. (foxnews.com)
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Louis Group plc, the Cypriot hotel and cruise ship company, said it has entered in talks with its lenders to restructure the borrowings of the company. (cruisebusiness.com)
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In what is being seen as a landmark decision, Hill Dickinson is the first law firm to have successfully defended a UK class action case involving a Norovirus outbreak onboard a cruise liner. (more…)
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Louis Group has purchased the brand Cuba Cruise and other related assets, according to Italian trade reports. (cruiseindustrynews.com)
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Louis Cruises’ operation will is now Celestyal Cruises as CEO Kerry Anastassiadis’ effort to turn the product into an all-Greek experience has led to a name change and complete rebranding. (cruiseindustrynews.com)
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