Is It Possible to Buy a Cruise Ship?
Yes, it is indeed possible to purchase a cruise ship. This article explores various scenarios where individuals or companies can acquire a cruise ship, from repurposing older ships into mobile accommodations to buying a personal yacht or investing in a cruise business. We'll delve into the economics, logistics, and considerations involved in acquiring a cruise ship.
Repurposing Old Cruise Ships
I recently came across a cruise ship purchased by a company that specializes in acquiring and converting older cruise ships into mobile dormitories for workers. This particular vessel was seen off the coast of Nanaimo, British Columbia. The company owns several such ships and has them stationed in different locations. This ingenious move not only finds a new use for decommissioned ships but also solves a significant need in the construction and offshore industries.
Interestingly, a few "rich" families are known to own their own personal cruise ships. One such example is Aristotle Onassis, who had more than one personal cruise ship. His vessels included Athena and Hellas, both of which were luxurious floating palaces.
Buying or Creating Your Own Personal Yacht
For individuals with substantial financial means, purchasing or creating a private yacht offers a more modern and controlled alternative. According to recent searches, the biggest private yacht measures almost 600 feet in length. This luxury vessel can be customized with a range of amenities and personal touches that a traditional cruise ship might not offer. Alternatively, some prefer the exclusivity and flexibility of starting their own cruise business from scratch, purchasing older ships and refurbishing them to suit their vision.
Bidding on Scrapped Cruise Ships
The acquisition market for cruise ships also includes bidding on ships that are being sold for scrap. One notable example is a cruise ship found on Craigslist in 1995, which remains under renovation to this day. Similarly, an almost finished cruise ship was available for an unknown discount, as the contract cruise company went bankrupt and the shipyard retained ownership. In November 2022, Disney acquired this unfinished ship, significantly reducing the cost of completion.
Buying a Cruise Ship vs. Other Options
While the idea of owning a cruise ship might seem glamorous, it's essential to consider the practicalities and financial implications. Purchasing a retired cruise ship generally requires a significant upfront investment, often in the nine-figure range. After the acquisition, substantial expenses are required for gutting and refitting the ship to fit your desired concept, such as eliminating multiple dining rooms and restaurants, reducing staff positions, and redesigning spaces for your preferred food and entertainment options.
Moreover, operating a cruise ship efficiently necessitates a stable load of paying guests, which can be a challenging commercial proposition. If your goal is to enter the cruise business, it may be more cost-effective to invest in cruise stocks or join a reputable cruise company with a fleet of newer ships and established infrastructure.
On the other hand, those seeking a personal vessel for ocean travel can find significant savings by opting for a smaller, more efficient yacht. Yachts can be built to order, offering greater customization and flexibility, and with fewer personnel requirements compared to the larger cruise ships.
In conclusion, while buying a cruise ship is possible, it involves numerous complexities and significant financial commitments. Understanding the different options and weighing the pros and cons is crucial before making such a significant investment.