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German cruise company files for insolvency

June 30, 2009

Neustadt-based cruise company Peter Deilmann Reederi has started insolvency procedures. The company, which operates both river cruises and ocean-going cruises, filed for insolvency at the Amtsgericht Lubeck court on June 25. River cruise operations will cease by December 2009. The company owns a fleet of eight river cruise ships.

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