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Coral Expeditions to grow with new investor supportCoral Expeditions to grow with new investor support

The National Roads and Motorists Association (NRMA) has taken a minority stake in Coral Expeditions which will support the Cairns-based cruise line’s expansion plans.

Helen Hutcheon, Australasia correspondent

February 2, 2021

1 Min Read
Credit: Seatrade Cruise News

The investment comes after Coral Expeditions implemented its SailSAFE plan and successfully resumed operations following the COVID-19 lockdown with cruises around the Great Barrier Reef and Tasmania.

New ship for Kimberley 

It will begin new domestic deployments in South Australia this month, before its traditional Kimberley season in March. Its new vessel, Coral Geographer, a sister ship to Coral Adventurer, is due to arrive in time for the Kimberley season.

Perfect fit

‘We began discussions with NRMA last year and were struck by the fit between both organisations,’ Coral Expeditions Executive Director Paul Chacko said.

‘Both have long-term planning horizons, a guest and member-focused culture and significant customer demographic overlap,’ Chacko said.

‘This new partnership will allow Coral Expeditions to benefit from NRMA’s expertise, while continuing its journey to tap strong long-term demand for expedition cruising.'

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Coral Expeditions

About the Author

Helen Hutcheon

Australasia correspondent

Helen Hutcheon did her cadetship on a shipping magazine and worked in P&O’s Sydney office for seven years as a public relations journalist.

For 19 years she was deputy editor of Travel Week, which was Australia’s leading trade newspaper that covered major local and international industry events.

In 2008 the late legendary Rama Rebbapragada presented her with an award from Royal Caribbean Cruises Ltd ‘in recognition of her outstanding contribution to the cruising industry.’

In 2010 she won the Neil Frazer Award for ‘outstanding contribution to the cruise industry,’ elevating her to CLIA Australasia’s hall of fame.

She has been the Australasia correspondent for Seatrade Cruise Review since 1997 and for Seatrade Insider (now Seatrade Cruise News) since its launch in 2000.

 

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