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Articles from 2000 In January


ROC to lease/purchase Airtoursapos; Seawing

ROC to lease/purchase Airtoursapos; Seawing

Under the terms of the agreement, Airtours will bareboat charter the vessel to ROC for four years and will time charter the vessel back for 240 days per year for five years. At the end of the fourth year ROC will have the option to purchase the vessel for a nominal sum. Seawing will be based in Cyprus, operating 7 day Med cruises.At the same time, ROC and Airtours have mutually agreed to cancel the Airtours charter of Apollon that still has two years of the five year charter remaining. Apollon was originally chartered from ROC by Direct Holidays which was subsequently sold to Airtours. Seatrade Insider understands Apollon did not quite fit with Airtours' Med cruise programme.

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Ron Kurtz rejoins ResidenSea as consultant

Ron Kurtz rejoins ResidenSea as consultant

Earlier, he spent four years consulting for ResidenSea on core aspects of product definition and development, pricing and marketing. In his current capacity he's focusing on four projects: marketing the World of ResidenSea's apartments (of which about 70 have been sold), serving as a liaison with Silversea Cruises to market the vessel's guest suites, working with the residents' committee to develop a system for subletting apartments, and researching a second newbuild. Kurtz, who will hold offices at ResidenSea in Miami and at Silversea in Fort Lauderdale, also aims to reactivate his own consulting business, Management Resource Group, Inc., and has gained support and interest from former associates including Howard Waddell. Established in 1989, MRG served clients both inside and outside the shipping arena for 10 years, until Kurtz was drafted to take the Commodore helm in 1999. His cruise industry career began with French Line in 1973; he also served as svp marketing and sales for Norwegian Cruise Line in the 1980s, was founding president of Sea Goddess and svp of Windstar Cruises. As reported, Commodore applied for Chapter 11 bankruptcy protection last week. Kurtz defers comment on efforts to refinance the company to ceo Fred Mayer but says: 'It was clearly a difficult and challenging situation.' He tells Seatrade Insider that Crown and Commodore were performing well considering the tough pricing climate and there had even been a new deal to charter Universe Explorer. 'The core business was in pretty good shape,' he relates. 'We just couldn't generate enough funds to cover the principal and interest payments of the debt.'

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