The Halifax Chronicle Herald reported today that Canadian Sailing Expeditions will cease operations on Friday November 20. Plans to reorganize the company and sell its tall ship Caledonia to a Florida based firm have apparently taken longer to put in place than expected. CSE was under creditor protection and was expected to have a plan in place December 4. This has been delayed due to the current credit crunch.
Passengers who have booked for the winter cruise season will be refunded according to the report.
Caledonia made an impressive sight in this summer's Tall Ships event in Halifax - we hope to see her sailing again.
Updates to follow: