Insurance Day
Focus 'Demo' market faces post-pandemic glut of unwanted ships
Many holidaymakers on England’s south coast this summer were confronted by the spectacle of giant cruise liners idling just
offshore, their sailings cancelled because of the pandemic. In the media, reports of failed cruise firm CMV selling off its
ships, P&O Australia’s
Pacific Dawn becoming a floating hotel and the likes of Marella Cruises and Carnival bringing forward the retirement of their classic
vessels paints a picture of an industry in turmoil.