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It's not a forgone conclusion that the ships will be there. In liquidation those ships have valuable equipment and scrap metal that could be broken down and sol
by corebit 6y ago
It's not a forgone conclusion that the ships will be there. In liquidation those ships have valuable equipment and scrap metal that could be broken down and sold, returning value to creditors and investors.
Ship breaking is big business.
- freehunter 6y agoAs they mentioned, if the ship is worth more as scrap than as a ship, they would have happened with or without a bailout.
- leetcrew 6y agosure, but the ship might suddenly become worth less as a working vessel in the absence of a functioning cruise line to operate it. my guess is that a operating a single cruise ship is considerably less profitable than each ship in an n-ship fleet.