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10 April 2020 The on-line newspaper devoted to the world of transports 19:40 GMT+2

March 4, 2020

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Original news
The coronavirus gives the coup de grace to the Japanese Luminous Cruising filing for bankruptcy

The company has suspended its cruise business waiting to be placed in receivership as part of the Civil Rehabilitation Act

The alarm in many regions around the world about the spread of coronavirus is having a major impact on different sectors economy and, in particular, the cruise industry mainly due to the recent cases of infection aboard the Diamond Princess and Westerdam ships Asia, which has led to almost all of the airlines operating in the region to cancel cruises already or to change their itineraries, and for fears, then have been unfounded, aroused by possible cases on other ships Cruise. It is a state of uncertainty that has dealt the blow of grace to the Japanese cruise line Luminous Cruising Co., which on Monday filed for bankruptcy to the Kobe district court in order to be admitted to the Court of Appeal controlled administration procedure under the Civil Rehabilitation Act.

Luminous Cruising Co. operates the Luminous Kobe 2,of the gross size of 4,778 tons, which is the largest restaurant ship in Japan. The unit, built in 1994, is 106 meters long, has a capacity of a thousand passengers and cruises departing from the port of Kobe.

In announcing the filing, the company specified that the deterioration of the economic situation started in 2018 as a result of the series of natural disasters that have affected different areas of Japan and that the situation has been permanently compromised by the significant number of cancellations of bookings recent weeks due to fears about the spread of the coronavirus than in Japan, according to the latest data released yesterday Tokyo's Ministry of Health, Labor and Welfare, six deaths among the 268 people who tested positive 2,684 people.

Luminous Cruising specified that the restructuring phase will be supported by First Capital Co. (FPC) owns the entire capital of Kobe Cruiser Co., a company that it also operates a restaurant ship, the Concert,which is Kobe port, on which assets will be transferred suspended from Luminous Cruising.

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