August 8, 2001
In a move foreshadowed by Royal Olympic officials in June, the Olympic Explorer, the company's new $180-million vessel, will not begin sailing on September 15, as previously announced. The ship has been stranded at shipyard Blohm + Voss since April over a dispute. Royal Olympic maintains the ship was not sufficiently ready to sail on its delivery date -- due to "technical problems" while Blohm + Voss steadfastly insists Olympic Explorer is ready to go. This is the second announced delay. Passengers scheduled for canceled sailings will be offered cruises on other Royal Olympic ships. In the announcement, Yiannos Pantazis, Royal Olympic's Chief Executive Officer, commented that "it is a real disappointment to us that the ship will not be able to undertake any cruises during the summer season, but we hope to have the vessel ready to commence operations for the next season."