Pullmantur Cruises

History

Pullmantur began cruise operations in the 1990s by initially selling cruises on board , founded by Anastasios Kyriakides (subsequently merged with Premier Cruises), in the Southern Caribbean from Premier Cruises and later also on board Premier Cruises flagship the SS Rembrandt in the Mediterranean. Premier changed its business plan in 1997 and canceled its contracts with operators, such as Pullmantur, and later collapsed in 2000. Pullmantur then acquired SS Big Red Boat 1 and started its own cruise line, Pullmantur Cruises. The Oceanic became very successful, and in 2002, Pullmantur acquired a second ship, MS Pacific, from Princess Cruises, Two more ships followed in 2003 when Pullmantur acquired MS Superstar Aries from Star Cruises and renamed her ,

In 2004, R Five was chartered to Oceania Cruises. The acquisition was expected to be completed by the fourth quarter of the year.

Following the acquisition by Royal Caribbean, several transfers were carried out between the Pullmantur fleet and those of other Royal Caribbean brands. In 2007, Blue Dream and Blue Moon were transferred to Azamara Club Cruises, while and Celebrity Cruises' joined the Pullmantur fleet in their place.

In 2008, Pullmantur received Empress of the Seas from Royal Caribbean International and renamed her . Pacific and Holiday Dream left the Pullmantur fleet in April and May for Quail Cruises and CDF Croisières de France, respectively. Also in May, Pullmantur purchased Pacific Star from P&O Cruises Australia and renamed her MS Ocean Dream. was also transferred to Pullmantur and renamed MS Sovereign. In April 2008. Lloyd's List reported that Pullmantur was in the process of purchasing Pride of Aloha from Norwegian Cruise Line's subsidiary NCL America. However, the deal fell through and Pride of Aloha joined Norwegian's fleet. In January 2009, Sky Wonder was renamed Atlantic Star, and in March, Oceanic was sold to Peace Boat. In mid-April 2009, Island Star was transferred from Island Cruises to Pullmantur Cruises.

In April 2013, Royal Caribbean transferred Monarch of the Seas to Pullmantur. Ocean Dream was chartered to Peace Boat to replace Oceanic and Pacific Dream, which had been renamed Horizon, was transferred to CDF. In 2014, Zenith joined sister ship L'Horizon in the CDF fleet.

In 2014 it was announces that the Majesty of the Seas would join the Pullmantur-fleet in 2016, but these plans were cancelled in 2015, and Empress was transferred back to Royal Caribbean in early 2016.

CDF ceased operations in early 2017, and both ships in the CDF fleet were transferred back to Pullmantur.

In July 2019, it was announced Zenith would leave the fleet in early 2020, having been chartered to Peace Boat. Later in 2019, Pullmantur announced Grandeur of the Seas would be transferred from Royal Caribbean to Pullmantur, joining the fleet in April 2021. There plans were cancelled in 2020.

During the COVID-19 pandemic, more than half of the crew members onboard Horizon were reported to have tested positive for the coronavirus following the company's suspension of operations. In early-June 2020, Pullmantur's fleet had been moved into "cold lay-up" due to the company's extended suspension of operations given the pandemic.

Reorganization plan

On 22 June 2020, Pullmantur's owners announced that, due to the significant economic impact caused by the pandemic, they had filed for reorganization of Pullmantur under Spanish insolvency laws. It was also reported Pullmantur had begun dismantling part of the interiors of MS Sovereign and MS Monarch, with claims that "everything of value" was removed. A December 2020 news item stated that four companies had been declared bankrupt: Pullmantur S. A., Pullmantur Cruises SL, Pullmantur Holdings SL y Pullmantur Maltesas.

Pullmantur Cruises announced a plan to return and restart cruise operations. In a series of questions on Facebook addressed to the customers, Pullmantur had been asking for feedback on what would they like to see when they resume cruises. Among the questions the company asked was if guests are willing to pay 10-15 % higher prices than previously offered if it ensured a safer experience for everyone. After the fate of two Pullmantur ships, the Monarch and the Sovereign, was sealed in Aliaga scrapyard in Turkey, the company might try to resume cruises with the Horizon which was in cold lay-up in Greece Elefsinas Bay. The restart would be a tough task for Pullmantur since the company declared bankruptcy in July 2020. They said working together with the bankruptcy administration to introduce a new business plan that involved the return to operation and guaranteed the viability of the company, according the CEO of the company, Richard J. Vogel. Recently, the company has been in the spotlight in the Spanish media saying that Pullmantur left its headquarters in Madrid because of the inability to pay rent. Local media also reported that 127 employees out of 311, working in the headquarters had not received salary for the month of August 2020. Addressing this issue Pullmantur CEO, Richard J. Vogel, sent an email Friday 18.09.2020 to the entire staff, assuring them that the salary would be paid in following days. Regarding the non-payment of rent and the company moving out from the headquarters, Vogel said that they were reviewing different options, but there was no decision made to it.

The plan certainly required reorganization, as the board of directors had acknowledged in June 2020: "Despite the great progress the company made to achieve a turnaround in 2019 and its huge engagement and best efforts of its dedicated employees, the headwinds caused by the pandemic are too strong for Pullmantur to overcome without a reorganization".

The December 2020 news item stated that the Royal Caribbean had agreed to provide some funds to allow Pullmantur to move ahead with a "viability plan, and to carry out the reorganization process necessary to adapt the company to the new reality with a new fleet". In the meantime, negotiations were underway with the over 300 employees who were no longer working. In early 2021, Peace Boat returned Zenith to Royal Caribbean after chartering a larger cruise ship. In July 2021, however, Pullmantur was completely liquidated.

Horizon and Zenith were sent for scrapping in Turkey and India in August and September 2022, respectively.

Former fleet

References

References

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