Festival Cruises

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Festival Cruises
Industry Ship transport
Fate Bankruptcy
Founded 1992
Defunct 2004
Headquarters Greece[1]
Key people
 George Poulides
Products Cruises
File:Port of Palma de Mallorca May 2003 (3) (cropped).jpg
Festival Cruises ship in Mallorca in 2003

Festival Cruises (known as First European Cruises in North America) was a Greece-based cruise line that operated between 1994 and 2004. It was founded in 1992 by the Greek entrepreneur George Poulides using second-hand ships. The company acquired three new-built ships between 1999 and 2002, but was forced to declare bankruptcy in 2004.[1][2][3][4]

History

George Poulides founded Festival Cruises in 1992. The company begun operations in 1994 after purchasing MS The Azur from Chandris Cruises.[2] The following year the company acquired MS Starward from Norwegian Cruise Line, renaming her MS Bolero.[5] A third second-hand ship followed in 1997, when MS Southern Cross was acquired from Premier Cruise Line and renamed MS Flamenco for service with Festival.[6]

Festival Cruises acquired their first newbuilt ship in 1999, when MS Mistral was delivered from Chantiers de l'Atlantique in France. In 2000 Festival Cruises announced that the company would be merged into Peninsular and Oriental Steam Navigation Company (P&O), with the Festival Cruises brand being maintained under P&O ownership. The merger plan was abandoned later that year due to low value of cruise line shares at the time. Two additional newbuilt ships based on an enlarged version of the Mistral design were delivered in 2001 and 2002 as MS European Vision and MS European Stars, respectively.[2] Following delivery of the new ships the Bolero and Flamenco were chartered to other opeators.[5][6] Festival Cruises had an option for two more ships of the enlarged Mistral design, but the company decided not to use the option. Two more Mistral class ships were however built for MSC Cruises as MSC Lirica and MSC Opera.[7]

Festival Cruises went bankrupt in early 2004, with all the company's ships were laid up and subsequently auctioned to other operators; European Stars and European Vision were sold to MSC Cruises,[2][4] Mistral to a French investor group who chartered her to Iberojet,[2][8] The Azur to Mano Maritime,[9] Bolero to Orient Queen Shipping and Flamenco to Cruise Elysia.[2]

Ships

Ship Built In service
for Festival Cruises		 Tonnage Status as of 2016 Image
MS Azur 1971 1994–2004 11,609 GRT Since 2005 MS Royal Iris for Mano Maritime. 300px
MS Bolero 1968 1995–2001 12,948 GRT Since 2006 MS Orient Queen/Louis Aura for Louis Cruise Lines. 300px
MS Caribe 1948 2002–2004 15,614 GRT Since 2015 Astoria for Cruise & Maritime Voyages. Athena (ship, 1948) IMO 5383304; in Split, 2011-10-22 (2).jpg
MS Flamenco 1972 1997–2003 17,370 GRT Since 2013 Ocean Dream for Ocean Dream Cruise. Launching 1972.jpg
MS Mistral 1999 1999–2004 47,276 GT Since 2013 MS Costa neoRiviera for Costa Cruises. 300px
MS European Vision 2001 2001–2004 58,174 GT Since 2004 MSC Armonia for MSC Cruises. 300px
MS European Stars 2002 2002–2004 58,625 GT Since 2004 MSC Sinfonia for MSC Cruises. 300px

References

  1. ↑ 1.0 1.1 Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ 4.0 4.1 Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ 5.0 5.1 Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ 6.0 6.1 Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Ward (2006). pp. 380–381
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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