MarAd Sells Two Cruise Ships

The U.S. Department of Transportation’s Maritime Administration has sold two small cruise vessels, the Cape May Light and the Cape Cod Light, to Voyager Owner, LLC, and Discover Owner, LLC, respectively.

The new owners are Delaware limited liability companies located in Florida. The Maritime Administration took possession of the two ships after their original owners, subsidiaries of American Classic Voyages, defaulted on loans that the Maritime Administration had guaranteed. The purchase price was $9 million apiece. The ships will be registered in the United States, and the new owners plan to sail them under U.S. registry. The ships were sold in “as-is, where is” condition, and will need refurbishing to sail in the cruise trade. The ships are currently located in Green Cove Springs, Florida, on the St. John’s River south of Jacksonville.

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