Last updated: 12:18 PM ET, Thu November 05 2015

Haimark Hopes To Cancel Bankruptcy Filing By Week's End

Cruise Line & Cruise Ship | Tim Wood | November 05, 2015

Haimark Hopes To Cancel Bankruptcy Filing By Week's End

PHOTO: Haimark Saint Laurent. Courtesy Haimark Line.

It appears Chapter 11 may have been a momentary hiccup for Haimark Line.

Less than a week after filing for bankruptcy protection, company officials say the company is about to hit the rewind button.

Haimark Line Ltd. filed in the U.S. Bankruptcy Court for Colorado on Oct. 30, citing an unresolved insurance claim stemming from the June 19 accident involving its only ship, the 210-passenger St. Laurent. The ship crashed into the lock walls trying to pass through the St. Lawrence Seaway on one of its first cruises.

The ship was in drydock for repairs for a month and four St. Lawrence River-based cruises were cancelled.

The insurance claim issue is with Clipper Cruises, the owner of the St. Laurent, as a result of the accident.

Haimark cites major debts owed including $782, 772 to Haimark Ltd., an affiliated river cruise company; $642,057 to Fleetpro, which runs the ships’ hotel operations; and $582,531 owed to Clipper Cruises.

Company officials expect the Clipper claim to be resolved by Friday, which would allow them to rescind the bankruptcy filing.

As for those holding tickets for future cruises, the cruise line says that for now, all cruises all going on as planned – including a Cuba winter cruise out of Miami and a series of summer cruises sailing Northeast waters of New England, the St. Lawrence and The Great Lakes.

The cruise line is continuing to take reservations on sailings through 2017.


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