Louis Group makes almost $1m profit sending oldest cruiseship for scrap

Cypriot cruise operator Louis Group has made a €856,000 ($997,000) profit on the sale of its oldest vessel.

While the company said in a statement to the Cyprus Stock Exchange that the 15,800-gt, 850-passenger Aegean Queen (built 1967) had been sold to a foreign buyer, TradeWinds understands from both cruise industry and shiprecycling sources that the cruiseship has gone to cash buyers and will likely end up on a beach in Alang.