Kallang Capital Holdings managing director Paul Chacko said the chance to invest in Coral Princess Cruises was “an exciting proposition” (CW breaking news).
Through the new investment, upgrades to the line’s flagship vessel Coral Princess II will include installing quieter and more energy efficient engines and personal iPod docks inside cabins.
The new shareholders in the line wished to work closely with the existing management to “build on Coral Princess’ 30 years of pioneering expedition cruising experiences, uniquely Australian ethos and highly professional product”.
It is ‘business as usual’ for the line through the growth phases.