Crystal Cruises is suspending operations because of the financial troubles of its owner, which is running out of cash by the end of the month.
The luxury line announced that voyages for its ocean and expedition ships were being suspended until April 29, with river cruises not operating until the end of May.
Crystal's management team will have an opportunity to evaluate the current state of business and examine various options moving forward after suspending operations.
Crystal's three ships currently in operation will complete their current sailings.
The Crystal Symphony cruise ends in Miami on January 22nd, followed by the Crystal Serenity cruise on January 30th and the Crystal Endeavor cruise on February 4th.
Jack Anderson, the line's president, said that the decision was difficult but wise given the current business environment and recent developments with their parent company.
Crystal has been synonymous with luxury cruising for more than 30 years and we look forward to welcoming back our valued guests when we resume operations. We would like to thank our guests and travel advisors for their support during these challenging times.
Passengers booked on future cruises and their travel partners are being notified.
Crystal will give full refunds of cruise fares paid, which will be processed automatically to the original form of payment, so there is no further action on the guest's part.
The full value of the cruise will be returned to the Crystal Society account if the cruise was paid via a future cruise payment.
The company that runs Asian brands Dream Cruises and Star Cruises will be unable to pay its debts as they fall due, according to a filing with the Supreme Court ofBermuda.
In order to preserve and protect the core assets and maintain the value of the group, certain business activities of the group, including but not limited to the operations of cruise lines, will continue.
The application will be heard by the court at 2.30pm.
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