US Bankruptcy Judge Marvin Isgur approved the river vessels' sale Thursday at a hearing in Houston.
The sale of the lakes (coastal) vessels, Ocean Voyager and Ocean Navigator, to a different buyer is still pending court approval.
John Waggoner?
Update: Since the April 1 lakes vessel auction, numerous sources indicated John Waggoner submitted the winning bid. He founded American Queen Voyages and was bought out by Crestview Partners well before the company's collapse. However, a notice of sale filing is pending and Waggoner declined to comment.
Vessel prices
The river fleet going to American Cruise Lines are American Queen ($2.15m), American Countess ($1.6m), American Duchess ($200,000) and American Empress ($1.6m). Together with $750,000 for intellectual property such as trademarks, website domain names and certain business reports, the winning originally totaled $6.3m.
$300K adjustment
However, an attorney for AQV parent the Hornblower Group said that because the river and lakes (coastal) vessels were part of an integrated business, certain materials were held jointly, and an adjustment of $300,000 was agreed.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
Add Seatrade Cruise News to your Google News feed.  |
