Sold for scrap?
Guess it's a bear market for cruise ships.
Sold for scrap?
Guess it's a bear market for cruise ships.
It depends in which Jurisdiction bankruptcy or ship seizures occur.
Some jurisdictions put the loaners of money to keep the Line afloat, as the first in line to collect.
Some Jurisdictions put the employees first in line to collect, and the creditors secondly.
Unless there is money leftover from the scrapping sale of this ship, the unpaid employees are out of luck. - Tom
Seems like a real market opportunity. Not for cruises , but alternative lifestyle arrangements.