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Pacific Jewel (Photo: P&O Cruises)

Second-hand cruise-ship market picks up steam

A large number of vessels are being sold on to other lines or for different ‘careers’ this year.

The record number of orders for newbuild cruise ships this year is fuelling a busy second-hand market too, Cruise Industry News reports, with 2018 so far seeing a strong rise in transactions for used vessels.

The second-hand cruise ship market has typically been characterised by two or three transactions in the eight-digit to nine-digit range, according to the Cruise Industry News’ latest Secondhand Market Report. But that is substantially higher this year.

Bought and sold
Recent transactions include, for example, Pacific Jewel, which will depart from the P&O Australia fleet next spring after being sold. P&O Cruises has also announced that its vessel Oriana will leave the fleet in 2019, although a buyer has yet to emerge.

Louis Majesty, meanwhile, was sold to Mano Maritime, while Pacific Eden is heading to Cruise & Maritime Voyages, and Holland America Line has sold Prinsendam to Phoenix Reisen.

In addition, Saga Cruises has confirmed that both Pearl II and Sapphire will leave its fleet as new ships are delivered to the brand in 2019 and 2020.

Fleet shuffles continue at Carnival-owned brand Costa, which says it will transfer the 1,727-guest neoRiviera to the AIDA brand late next year.

And SuperStar Libra ended a long cruise career earlier this summer as the Genting Hong Kong vessel left Asia for a new beginning as a hotel ship at the shipbuilding company MV Werften.

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