Following negotiations and discussions ongoing since September 2022 and concluded in January this year, Swan Hellenic and its Irish counsels have identified a legal mechanism that allows it to take ownership of SH Minerva by acquiring the GTLK subsidiary company which is currently the registered owner of the vessel. The necessary application to the Central Bank of Ireland was finalised some weeks ago and has already been submitted. Approval of the transaction is expected to take 2-3 weeks. Pending the issue of this license by the Central Bank of Ireland, Swan Hellenic has decided to postpone the reactivation of SH Minerva. The 31-night cruise of Antarctica scheduled to depart on the 7th of February has therefore regrettably been cancelled.
Text: PM Swan Hellenic