![]() To stem declining revenues from their fleets languishing in ports and anchorages around the world, they have taken the decision to consign ships still in their prime to the breakers yard. Several major cruise lines are finding themselves in uncharted waters. When mandatory new regulations deem these once gracious ships unviable, they take their final bow and head off to the knackers’ yard. When major cruise companies no longer see worthy returns from vessels that have sailed around the nautical block a few times too many, these ships are often sold to small-scale, fledgling or budget operators who are adept at turning a profit due to lower overheads. Most modern cruise ships have a life expectancy of 30 to 40 years. Now the Grim Reaper is wielding his scythe on an armada of cruise ships for which the hourglass has emptied prematurely. That’s true – unless an existential crisis unlike any other befalls the cruise industry. It’s a well known maxim that “nothing made by man is granted such immortality as a ship”. The Grim Reaper is wielding his scythe on an armada of faded vessels ![]()
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