The expedition cruise line has found a new financial backer.
Shipping company Nordic Hamburg has invested in Chimu Adventures in a move which will also see Intrepid Travel divest its stake in the Australian expedition line.
Chimu said Intrepid will remain a “key distribution partner for global sales”, particularly through the pair’s three-season charter of Ocean Endeavour, which will come to an end at the conclusion of the 2024/2025 season.
“We’re thrilled to join forces with Nordic, leveraging their shipping expertise to expand our polar offerings and advance low emission technology in this industry for the future,” Chimu Managing Director Chad Carey said.
“Our continued partnership with Intrepid will allow us to maintain our commitment to delivering purpose-driven, experiential polar adventures…as we look ahead, we’re also excited to extend the Chimu brand and business model into the North American and European markets,” he added.
Intrepid Chief Executive Officer James Thornton said: “We are proud of what Intrepid achieved in Antarctica, but now with our ship lease ending, it is the right time for us to re-evaluate our approach.”
More details in tomorrow’s issue of Cruise Weekly.