Holland Norway Lines was declared bankrupt this morning, just under eighteen months after the start of its ferry service. Things moved quickly after the company asked for payments to be suspended last Wednesday 30 August. An administrator was appointed the same day as required under Dutch law.
The charter for Holland Norways only ferry, ROMANTIKA, was then terminated early by owner Tallink on Friday 1 September. The ship had been chartered from the Estonian company for three years. ROMANTIKA has been tied up at Emden since Wednesdays announcement. Tallink is said to be making preparations to return the ship to her Estonian home waters.
Holland Norway Lines suspended services indefinitely last Wednesday. However, the company did not canc…
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