Cruise & Maritime Voyages (CMV) UK placed in Administration

[MMDown Under]

Cruise & Maritime Voyages (CMV) UK placed in Administration.  All their cruises are cancelled.  UK passengers could be covered by ABTA or ATOL.

 

Any Aussies have current bookings or waiting for refunds from CMV?

[MMDown Under]

P&O's Pacific Dawn and Pacific Aria were due to transfer to this company in 2021.

Cruise Industry News 

[Chiliburn]

It won’t be the last

[Cyrix400]

15 minutes ago, MMDown Under said:

P&O's Pacific Dawn and Pacific Aria were due to transfer to this company in 2021.

Cruise Industry News 

 

The proposed acquisition  was  quite surprising news - particularly in the current climate of uncertainly.

 

Has CMV been refusing to accept the reality until now?

[By The Bay]

57 minutes ago, MMDown Under said:

P&O's Pacific Dawn and Pacific Aria were due to transfer to this company in 2021.

Cruise Industry News 

Does that mean that P&O Australia's sale of Dawn and Aria has fallen through?

[MMDown Under]

12 minutes ago, By The Bay said:

Does that mean that P&O Australia's sale of Dawn and Aria has fallen through?

CMV was due to take delivery on 2/3 and 2/5.  That won't now go ahead. 

[Kiwi Kruzer]

53 minutes ago, Chiliburn said:

It won’t be the last

The domino effect is underway. 

[By The Bay]

1 minute ago, MMDown Under said:

CMV was due to take delivery on 2/3 and 2/5.  That won't now go ahead. 

I am taking that as P&O Australia will still have them on their hands. Will that have an impact on their acquisition of Golden and Star Princess?

[Chiliburn]

10 minutes ago, Kiwi Kruzer said:

The domino effect is underway. 

Or a house of cards.

 Somewhere I read princess owes $250m in overdue refunds 

Edited July 20, 2020 by Chiliburn

[Kiwi Kruzer]

1 hour ago, Chiliburn said:

It won’t be the last

 

36 minutes ago, Kiwi Kruzer said:

The domino effect is underway. 

 

29 minutes ago, Chiliburn said:

Or a house of cards.

 Somewhere I read princess owes $250m in overdue refunds 

Luxury items like cruises and travel will go first , then it will trickle down through society as a whole .

[MMDown Under]

15 minutes ago, Kiwi Kruzer said:

 

 

Luxury items like cruises and travel will go first , then it will trickle down through society as a whole .

I was saddened to see that an Australian Italian travel family who have escorted Australians on tours of Italy for thirty years have gone into administration. I can't remember their name but always thought I'd love to travel to Italy with them.  This is a sign of the times when reputable companies go under.

[NSWP]

3 hours ago, Cyrix400 said:

 

The proposed acquisition  was  quite surprising news - particularly in the current climate of uncertainly.

 

Has CMV been refusing to accept the reality until now?

Appears so, some of the UK boards and CMV board on here is reporting that CMV and T/A's were still selling their cruises on the weekend and they collapsed on Monday, did they not.  ABTA will get the Brits their money, but overseas bookers may struggle.

[By The Bay]

4 minutes ago, NSWP said:

Appears so, some of the UK boards and CMV board on here is reporting that CMV and T/A's were still selling their cruises on the weekend and they collapsed on Monday, did they not.  ABTA will get the Brits their money, but overseas bookers may struggle.

It was reported on adelaidenow.com.au on the weekend that "Cruise line CMV was buoyant about return of cruising to SA". I sincerely hope nobody purchased cruises with CMV based on that article.

[NSWP]

16 minutes ago, By The Bay said:

It was reported on adelaidenow.com.au on the weekend that "Cruise line CMV was buoyant about return of cruising to SA". I sincerely hope nobody purchased cruises with CMV based on that article.

I bet they did, Aussies liked Vasco De Gama.  So CMV won't be taking Pacific Dawn and Pacific Aria now, they might be going to the Indian Scrap Yard.  I cannot see in this economy that any other established cruise line will take over CMV, I can only imagine their debts.

Edited July 21, 2020 by NSWP

[The_Big_M]

4 hours ago, Cyrix400 said:

 

The proposed acquisition  was  quite surprising news - particularly in the current climate of uncertainly.

 

Has CMV been refusing to accept the reality until now?

 

That acquisition news came out in November last year - well before the "current climate of uncertainty." Nothing unreasonable there as they had been doing well.

 

Not sure what you mean about not accepting reality; this is the reality they're in. Like many, they'd tried to raise funds, but as a smaller operator with debt it was hard to do.

[The_Big_M]

3 hours ago, By The Bay said:

I am taking that as P&O Australia will still have them on their hands. Will that have an impact on their acquisition of Golden and Star Princess?

 

Everything's fluid at the moment. Even in good times, decision's change so they'll reassees  fleet planning as time goes on and things develop.

[NSWP]

3 minutes ago, The_Big_M said:

 

That acquisition news came out in November last year - well before the "current climate of uncertainty." Nothing unreasonable there as they had been doing well.

 

Not sure what you mean about not accepting reality; this is the reality they're in. Like many, they'd tried to raise funds, but as a smaller operator with debt it was hard to do.

Not ethical selling cruises on the weekend and go into administration the next day. 

[Kiwi_cruiser]

6 hours ago, By The Bay said:

Does that mean that P&O Australia's sale of Dawn and Aria has fallen through?

 

I would think that would be a Yes 😞

[Kiwi_cruiser]

6 hours ago, By The Bay said:

I am taking that as P&O Australia will still have them on their hands. Will that have an impact on their acquisition of Golden and Star Princess?

 

I think we will just have to watch this space and see what happens....

[Kiwi_cruiser]

Sad to hear about Cruise & Maritime Voyages (CMV) 😢

[Cyrix400]

7 hours ago, By The Bay said:

Does that mean that P&O Australia's sale of Dawn and Aria has fallen through?

 

7 hours ago, Kiwi Kruzer said:

The domino effect is underway. 

 

3 hours ago, The_Big_M said:

 

Everything's fluid at the moment. Even in good times, decision's change so they'll reasses  fleet planning as time goes on and things develop.

 

It seems that there will be no future for the older, tired and less economical ships - if nobody will buy them (and Carnival is thinking about getting rid of 6 or 7 ships) - then they will have to sold only for scrap.  And the newer, larger ships with bells and whistles would make it easier for companies to sail with 50 % capacity for a some time - and still make a profit.

And for those wanting smaller, more cosy ships - Viking Ocean looks ( at this stage) that they will remain - a private company, but disappointment for pax looking for reasonably priced smaller ship.

[challis]

imagine buying the old pacific eden

 

,anchoring it permantly off mystery island

 

daily flights direct syd-mystry island on jetstar.

 

a special jet that can land on grass..!!!

 

5 nights from $1000 ,inclusive of airfare,inside cabin

.aloha...

Edited July 21, 2020 by challis

[SinbadThePorter]

58 minutes ago, challis said:

daily flights direct syd-mystry island on jetstar.

 

I'm not sure you could get an A320 to land at Mystery Island without the use of floats. 😉

[MicCanberra]

There goes my next 2 crises in January 2021.

Luckily only deposits with TA's, we were never going to pay the final payments as we suspected this was going to occur.

[Cyrix400]

And speaking of the cruise industry as a whole, here is the opinion of a crisis communication  specialist (written for the cruise executives) as to the importance of communication for cruises to survive

https://www.maritime-executive.com/editorials/oped-what-it-will-take-for-the-cruise-industry-to-survive

Some quotes:

"the present crisis can be seen as a great opportunity as it might force the whole industry and all stakeholders hard to do something that they maybe should have done much earlier: 

• listening even more carefully to the critics
  

• taking criticism more seriously 

• including elements of criticism in the communication strategy instead of reflexively negating them and/or primarily entering and persisting into a mode of defense and justification

• increased use of elements of surprise such as demonstrating understanding, respect, even gratitude for the criticism expressed and, above all, courage for alleged weakness by admitting openly, in addition to the compiled catalog of killer counterarguments, that solutions are still not yet found for every challenge everywhere - but that hard work at it is in progress

• entering into a dialogue with the "enemies", inviting even more of the sharpest critics for looks behind the scenes to terminals and ships and showing how professionally measures are implemented (yes, there is ISPS, and yet, there is the need to open up shipping more to the public - the IMO, after all, is calling to improve the image of shipping since decades!)

• pursuing a proactive communication policy, characterized by more tangible empathy, sensitivity to criticism, perhaps a little more modesty and transparency. "