CRUISE and Maritime Voyages (CMV) has ceased trading worldwide after it was unable to secure additional funding to help it survive the COVID-19 downturn.
The company had previously confirmed talks with a range of financial institutions to improve its liquidity position while cruising is shut down globally.
However now “the CMV journey has been tragically cut short by this unprecedented global pandemic,” said CMV CEO Christian Verhounig.
He said prior to the onset of COVID-19 CMV had sold almost 90% of its 2020 capacity, and also had strong forward bookings for 2021 but despite this “we just could not get the financing deal over the line in time to save this wonderful business”.
CMV operated six vessels, and had previously planned to add P&O’s Pacific Dawn and Pacific Aria in 2021.
The Australian office has closed down, with a notice on the cmvaustralia.com website advising affected customers to contact their travel agent, seek a credit card chargeback or make a travel insurance claim.
More information in today’s issue of Cruise Weekly.
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Source: traveldaily