Voluntary Administration of Classic International Cruises

Brad Tonks and John Vouris of the Business Recovery & Insolvency team at Lawler Partners were appointed Voluntary Administrators of Classic International Cruises Pty Ltd (Administrators Appointed) (“CIC Australia”), on 31 October 2012 following a resolution passed by the company.

The Administrators understand that CIC Australia’s management have been working with the owners of the cruise ship “Athena” to confirm its availability for the 2012 – 2013 voyages after recent reports that Athena was arrested at port and that it is currently unable to depart.

The management of CIC Australia have been in negotiations to source an alternate vessel to backup Athena in the event that it remains unavailable. A backup was found, however, CIC Australia was notified on 30 October 2012 that a final agreement may not be reached because of delays prior to the scheduled departure of the cruise from Marseille, France on 12 November 2012.

Upon receiving this news the management of CIC Australia sought immediate advice in relation to CIC Australia’s financial affairs and placed the company into Administration. Whilst future bookings have now been placed on hold, the Administrators intend to continue the task of sourcing a suitable vessel for the 2012 – 2013 cruises. The Administrators will be providing travel agents with regular updates as further information becomes available and we encourage customers to contact their travel agents in relation to their future travel arrangements.

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