Portnet 18 Φεβρουαρίου 2021
An historic cruiseship is up for auction, but its reserve price may make buyers baulk
The insolvency administrator of Portuscale Cruises will attempt to auction the oldest cruiseship in the world on Friday.
A sale of the
16,100-gt Astoria (built 1948) is currently under arrest in Rotterdam will bring to a close the long-running liquidation of the failed Portuguese cruise operator, whose vessel assets have been under the control of mortgagee Montepio Bank since it went out of business in 2015.
Industry observers say it is unlikely that any bidders will be willing to offer anything close to the
€10m ($12.1m) reserve price set for the 560-passenger Astoria given the availability of much larger, newer ships at similar prices.