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  #1  
Old May 6th, 2009, 09:21 AM
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Default Parent company of Windstar Cruises sheds more assets in...*Includes Windstar Response

In a statement issued Tuesday, the financially struggling company, Ambassadors International, said it would sell its marine division to a company affiliated with its former CEO, Joseph Ueberroth.

Parent company of Windstar Cruises sheds more assets in bid to ...
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  #2  
Old May 6th, 2009, 04:32 PM
lovecruisingtoo lovecruisingtoo is offline
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Wonder how this will impact bookings for next year?

Back in March, they said they would release the 2010 summer schedule in April. It is now May and nothing has been released.

Last edited by lovecruisingtoo; May 6th, 2009 at 04:35 PM.
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  #3  
Old May 6th, 2009, 06:01 PM
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I know that, just recently, their ships have been sailing far short of full capacity (especially the larger Wind Surf)

They have also been offering low price last minute sailings to try and fill their ships.

One thing that would help them is to offer some new itineraries. There is a limit to how often repeat and loyal passengers will go back to the same old ports of call.
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  #4  
Old May 6th, 2009, 07:41 PM
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Quote:
Originally Posted by lovecruisingtoo View Post
Wonder how this will impact bookings for next year?

Back in March, they said they would release the 2010 summer schedule in April. It is now May and nothing has been released.
We received the 2010/2011 brochure in the mail yesterday.

Last edited by 6rugrats; May 6th, 2009 at 07:42 PM.
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  #5  
Old May 6th, 2009, 07:53 PM
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We were concerned about our Windsurf cruise that is sailing in less than two weeks. As everyone knows bankruptcies happen very suddenly some times and we feared that something might happen while we were on our pre-cruise trip in northern Italy. I emailed Diane Moore, the Windstar President, to see what I could find out. I received a very swift and reassuring response. She stated that all of their actions have been to protect the viability of the core Windstar operation and assured me that the May 17th Nice/Monte Carlo cruise would sail as planned with nearly 300 passengers.
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  #6  
Old May 6th, 2009, 10:17 PM
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I have been following this the past few weeks also. Stock hit a low of $.23 last week, but with the selling of their Marine assets it moved up to $.71. Everything I read is that they are committed to Windstar. But it these economic times who knows.
Our daughter is booked on the WindSurf for her honeymoon next month, and needless to say hope it all works out. We just booked Wind Star in July at a very low price. Took independent insurance out which includes bankruptcy coverage.
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  #7  
Old May 7th, 2009, 03:15 PM
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Quote:
Originally Posted by English_in_Spain View Post

One thing that would help them is to offer some new itineraries. There is a limit to how often repeat and loyal passengers will go back to the same old ports of call.
I second that! Particularly the winter sailings. How many times can you go to St Thomas? I wish they would go to some other islands.
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  #8  
Old May 7th, 2009, 10:53 PM
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I second that! Particularly the winter sailings. How many times can you go to St Thomas? I wish they would go to some other islands.

No kidding! Couldn't agree more!
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2005 Holiday: Windstar Costa Rica/PanamaCanal
2004 September: Oceania Regatta Lisbon-Rome; Holiday: Windsurf Caribbean - Barbados Northbound
2003 September: Windsurf Dover - Lisbon; Holiday: Windsurf Caribbean- St. Thomas
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  #9  
Old May 7th, 2009, 11:11 PM
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Quote:
Originally Posted by 6rugrats View Post
We received the 2010/2011 brochure in the mail yesterday.
Hope we receive it shortly.
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  #10  
Old May 8th, 2009, 05:56 PM
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Default New brochure

We got our new brochure yesterday
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Upcoming:
2015 January: Celebrity Infinity South America
2014 October: Iceland and Celebrity Eclipse Azores and Canaries; November: Regal Princess FLL RT CONE Conference; December Celebrity Reflection Caribbean New Years



Previous:
2014 January: Celebrity Solstice New Zealand and Australia; March: Azamara Quest TA Miami to Nice; July Uniworld Bordeaux; August Windstar Pride Dalmatian Coast
2013 January: Seabourn Legend Caribbean Sunsets; April: AmaWaterways AmaDante Tulip Time; May: Seabourn Sojourn Harbors of Western Europe; August: A-Rosa Stella Rhone and Saone; September: Norwegian Breakaway Bermuda CONE Conference; October: Crystal Symphony New England Classic

2012 May: Crystal Symphony European Discoveries; September: Seabourn Odyssey Black Sea; October: Disney Dream CONE Conference; December: Celebrity Reflection NA Inaugural
2011 May: Avalon Felicity Rhine River; October: Celebrity Silhouette Inaugural TA; Holiday: Regent Mariner Caribbean Sunrise Sonata
2010 April: Silver Spirit TA NY to Southampton; October: Silver Shadow Hong Kong to Bangkok; Holiday: Celebrity Equinox Ultimate Caribbean
2009 May: Windsurf Grand Prix; September: Silver Shadow Alaska; Holiday: Oceania Insignia Buenos Aires-Rio
2008 August: Viking River Cruises China; Holiday: Oceania Insignia - South America Around the Horn
2007 September: Windsurf Venice-Rome; Holiday: Windsurf Caribbean Barbados N and S BTB
2006 September: Silver Whisper Baltic; Holiday: Star Flyer Singapore-Phuket
2005 Holiday: Windstar Costa Rica/PanamaCanal
2004 September: Oceania Regatta Lisbon-Rome; Holiday: Windsurf Caribbean - Barbados Northbound
2003 September: Windsurf Dover - Lisbon; Holiday: Windsurf Caribbean- St. Thomas
2002 August: Windstar Istanbul-Athens
2000 July: RCL Caribbean; Thanksgiving: HAL Caribbean
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  #11  
Old May 9th, 2009, 02:02 PM
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Thanks for the information about the problems of Windstar's parent company. We had been booked on a relocation sailing April 10,2010. Now we're not. I'd sure hate see Windstar go under but, even more, I'd hate to watch our deposit go down with them.
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  #12  
Old May 9th, 2009, 06:17 PM
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Quote:
Originally Posted by rogerc1944 View Post
Thanks for the information about the problems of Windstar's parent company. We had been booked on a relocation sailing April 10,2010. Now we're not. I'd sure hate see Windstar go under but, even more, I'd hate to watch our deposit go down with them.
That's what travel insurance is for.
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  #13  
Old May 9th, 2009, 10:30 PM
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Oh dear, not good. We're booked on the TA in Nov. from Lisbon to St Thomas. All our airlines and hotels are paid for, and are non refundable. We always get the insurance at the final payment, as that is when it covers pre-existing. I know it sounds backwards, but that's how it works with this particular agency. Guess I'm making the final payment Monday. That way I 'll have the insurance NOW, just in case. Then if everything is OK in NOv, it's already paid for.
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  #14  
Old May 10th, 2009, 10:40 AM
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Quote:
Originally Posted by rogerc1944 View Post
Thanks for the information about the problems of Windstar's parent company. We had been booked on a relocation sailing April 10,2010. Now we're not. I'd sure hate see Windstar go under but, even more, I'd hate to watch our deposit go down with them.
Cancelling bookings seems like a good way to ensure they go out of business.
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  #15  
Old May 10th, 2009, 02:26 PM
rogerc1944 rogerc1944 is offline
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Travel insurance can be a terrific idea when booking any expensive travel. However, this particular relocation cruise (4/10) wasn't that expensive ($3500) enough to justify purchasing insurance. Also, travel insurance now often excludes financial collapse of a cruise company unless this is paid for as an additional item. Always review you policy for exclusions! As to contributing to the bankruptcy of Windstar, I hardly think my thousand bucks will be the tipping point. If Windstar is still in business next year, we can always rebook. If not, there are other cruise lines that offer a similar experience. That said, I would hate to see them go under as I've always wanted sail with them. I recall seeing the Windsong in Moorea many years ago and it took my breath away.
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  #16  
Old May 12th, 2009, 02:46 PM
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Quote:
Originally Posted by rogerc1944 View Post
Travel insurance can be a terrific idea when booking any expensive travel. However, this particular relocation cruise (4/10) wasn't that expensive ($3500) enough to justify purchasing insurance. Also, travel insurance now often excludes financial collapse of a cruise company unless this is paid for as an additional item. Always review you policy for exclusions! As to contributing to the bankruptcy of Windstar, I hardly think my thousand bucks will be the tipping point. If Windstar is still in business next year, we can always rebook. If not, there are other cruise lines that offer a similar experience. That said, I would hate to see them go under as I've always wanted sail with them. I recall seeing the Windsong in Moorea many years ago and it took my breath away.
A couple of points, I believe your CC company would cover you in the case of financial default (at least until the point of sailing).

It does not appear that you have ever sailed on Windstar. There is no line that offers a similar experience.
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  #17  
Old May 12th, 2009, 04:51 PM
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I booked two weeks ago during when their current financial status arose. Took travel insurance with an independent company which included bankrupcy coverage. Problem with most bankrupcy coverage is that it is only valid if you pay up to 15 days after making your deposit. Hope that things work out for Windstar.
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  #18  
Old May 12th, 2009, 06:26 PM
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Default Windstar Financial Challenges

Just returned from an overall excellent sailing on the Wind Surf (Lisbon - Barcelona 4-19 departure). The food and service were both outstanding - only negative was incomplete dry dock maintenance resulting in lingering paint and lacquer work and smell for passengers for a number of days.

Unfortunately, the parent company of Windstar (Ambassadors International) faces significant financial challenges. In the recently released annual report the company disclosed that it was in default on a $3 Million loan payment. Therefore, its sale of its marine division for $5M can be seen as an effort to buy some time. The annual report also contained language highlighting questions about the company's ability to be an ongoing concern and the age of the 3 ships. Our cruise only had 204 passengers with a capacity of 315. I hope Windstar makes it but the financial facts are what they are.
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  #19  
Old May 13th, 2009, 07:25 AM
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im really confused i thought windstar was part of carnival although run seperately, its advertised on other csarnival group ships as part of the group.
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  #20  
Old May 13th, 2009, 10:13 AM
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Lovecruisingtoo -- You're right. I've never cruised on Windstar so I'm hardly an expert on this line. That said, I have been on other sailing ships (Royal Clipper, Star Flyer, and the Maple Leaf) and in October/November will be on the Star Clipper's relocation cruise from Athens to Thailand (37 nites). My research comparing the two cruiselines is that Windstar is better on food and accomodations. Star Clippers wins on being an authentic sailing experience. Assuming that Windstar survives the economic troubles of its parent company, no doubt I will enjoy sailing with them.
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