Subscribe today
Get Cruise Critic in your inbox
Cruise News
Home > Cruise News Archive > Carnival Holds Patriot Mortgage
Date Published: October 19, 2001
Profile and Reviews
Latest Cruise News Headlines
Carnival Holds Patriot Mortgage
One interesting byproduct of American Classic Voyages' bankruptcy filing today is that Carnival is first mortgagee on AMCV's Patriot, which sails Hawaiian itineraries. Patriot formerly was known as Holland America's Nieuw Amsterdam until the ship was purchased last October by AMCV from the Carnival subsidiary for $114.5 million.

At this point, according to a Carnival announcement, it is in discussion with AMCV executives about the future of the Patriot (Carnival's owed $80 million still). The ship may well be returned to the Carnival Corp. fleet though officials there say they have not yet determined what they'll do with Patriot.

Ironically, Patriot (aka Nieuw Amsterdam) is in much better shape -- at least safety-wise -- than it was when Carnival Corporation's Holland America owned it. AMCV poured millions into a refurbishment that was aimed at bringing the ship to exacting safety standards as required by the U.S. Coast Guard.
Cruise News Headlines
More News

About UsAdvertisingEditorial DisclaimerPress
PrivacySite MapStoreSubscribe

Thank You For Signing Up!

Please Note: To ensure delivery of your free e-letters, please add to your address book.

We're committed to protecting your privacy and will not rent or sell your e-mail address. By proceeding, you agree to our Privacy Policy and Terms of Use.