Meetings & Conventions: Incentive News
Cruise Line Files for Chapter 11 Protection
A merican Classic Voyages, the New
Orleans-based U.S.-flag cruise operator, filed for Chapter 11
bankruptcy protection in Wilmington, Del., in late October. A
statement posted on the firm’s Web page said, “We believe this
process will allow us to rebuild our business in the aftermath of
the Sept. 11 terrorist attacks...”
The firm’s two Hawaii-based ships, the 1,214-passenger
Patriot and 798-passenger Independence, and four
of five steamboats have ceased operations; the 75-year-old
Delta Queen will continue with scheduled sailings.
Northrup Grumman’s Pascagoula, Miss.-based Ingalls shipyard
suspended work on Project America, a program to build two
1,900-passenger ships for American Classic Voyages. The project was
funded, in part, through government loan guarantees, which were
rescinded after bankruptcy was declared.
The ships were to be the first U.S.-made cruise vessels in
almost 50 years; completion had been scheduled for 2004 and
2005.
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