All Leisure Group to Sell Cruise Ship

February 13, 2014
mv-discovery (12:00 p.m. EST) -- All Leisure Group will sell one of its cruise ships this year, after the business announced losses of up to £14 million for the first three financial quarters of 2013.

The company -- owners of Voyages of Discovery, Swan Hellenic and Hebridean Island Cruises -- will sell its mv Discovery cruise ship, which netted a loss for the company in 2013. The ship, which sailed under charter with Cruise & Maritime Voyages in 2013, had its initial chartered cruise cancelled when it was detained by the Maritime and Coast Guard Agency after failing an inspection.

Ian Smith group chief executive of All Leisure Group said: “We have surplus capacity and we will therefore sell MV Discovery at the end of summer. We will, of course, fully honour our current season contract commitment to CMV.”

Discovery is under long-term charter contract with Cruise & Maritime Voyages through the end of 2014, and the line said details about its 2015 season would shortly be released.

In a statement, Chris Coates, CMV's Commercial Director said: “Having contributed the vast majority of business for Discovery, we are pleased with the results we have achieved from our side. We look forward to working with All Leisure Holidays, our joint venture partners during the 2014 season and will shortly be releasing full details of our 2015 programme.”

CMV currently operates a fleet of three ocean-going ships -- Marco Polo, Discovery and Astor -- in addition to the Vienna I river ship. The line recently announced the take over of German based TransOcean Kreuzfahrten.

--by Jamey Bergman, UK Production Editor