Alaskan Dream Cruises has ceased operations, according to a statement issued by the cruise line on Wednesday evening.

“Effective immediately, Alaskan Dream Cruises has ceased business operations and will no longer be operating future sailings,” the small-ship company said in a statement, adding it was a strategic decision.

“This decision reflects a deliberate realignment of the company’s business focus to strengthen its core operations and ensure long-term sustainability,” it added.

Owner Jamey Cagle stated: “This decision was intentional and necessary. After careful evaluation of our long-term objectives, we determined that concluding cruise operations allows us to responsibly focus our resources where they will have the greatest impact. We are deeply grateful for the trust our guests have placed in us over the past 15 years. We have had the privilege of sharing the wonders of Alaska and the richness of our Alaska Native heritage with incredible passengers from across the globe. It has been an honor to work alongside extraordinary communities, partners and crew throughout this journey.”

Owned by Allen Marine, Alaskan Dream Cruises had run seasonal sailings on U.S.-flagged ships in Alaska since 2011.

This year, the company was poised to operate four ships in the market, including the Chichagof Dream, Admiralty Dream, Alaskan Dream and Baranof Dream, totaling 223 berths. The fleet is currently laid up in Sitka.

Allen Marine is a big player in the Alaska cruise market and owns a significant amount of shore excursion infrastructure in the region.

Operations at Allen Marine are said to be unaffected.

“For guests with existing reservations, or their travel agents, information regarding next steps and refunds has been communicated directly via email,” the company said.

Guests or agents with questions or who require assistance may contact the company using info@alaskandreamcruises.com or calling (855) 747-8100.

Cruise Industry News previously reported that Allen Marine was looking for a buyer for Alaskan Dream Cruises, which was quickly denied.