The liquidation of the insolvent shipping company Crystal Cruise is progressing, because two ships, the Symphony and the Serenity, have already been auctioned off on the Bahamas Islands. Both ships are more than 20 years old and achieved very different sales proceeds.
Serenity, which entered service with Crystal in 2003, netted the bankruptcy estate $103 million. The 26-year-old Symphony went under the hammer for just $25 million. No further details were given about the buyers. Other assets such as customer data and trademark rights have not yet been auctioned off.
The Endeavor will also be monetized shortly. However, it is imminent that the liquidator can sell this ship privately, as there are said to be various interested parties for the expedition ship. However, there is no official comment on this.
The auction of the other two ships means that the new owners can leave the port. Due to the insolvency proceedings, the Crystal and the Symphony have been on the chain since February 2022. A court ordered this because the shipping company had significant arrears with fuel suppliers and lending banks, among other things.