Premier fans take note: The Oceanic, also known as Big Red Boat I, has been purchased by a Spanish tour operator. The company, Pullmantur, plans to use the ship to launch a new cruise line arm. While no new name has yet to be released, the ship will be specifically geared to the Spanish cruise market. Other cruise ships from the line formerly-known-as-Premier are still on the market, including Rembrandt and Big Red Boat III. Premier was forced out of business last fall when its creditors seized ships - in mid voyage – and shut down the company.