Expedition line Exploris under bankruptcy protection
Expedition cruise line Exploris has reportedly been placed in receivership by a French court.
The Nantes Commercial Court made the ruling in late September.
Exploris Expeditions & Voyages President Philippe Videau said the line was averaging just 50% occupancy levels earlier this year.
Under French law, the receivership process kicks in when companies are unable to service existing debts, but enables the company to continue operating and secures current jobs.
It will operate under tight receivership supervision as it works out a reorganization plan.
It is expected that its Antarctica season will operate as planned.
The line offers polar region cruises marketed to the French market aboard the 132-guest Exploris One, which it acquired from Silversea.
Earlier this year, Adventure Canada announced plans to charter the Exploris One from the company for summer cruises in the Arctic.
“Unfortunately, we have a small cash flow problem that has been exacerbated by this last-minute cancellation by a major charterer, which has made things extremely difficult for us,” said cruise line VP Éric Lustman.
“We have made the decision, and this is not something to be taken lightly, to file for bankruptcy protection. It is a management decision,” Lustman added.
Exploris is reportedly in talks with investors to secure a cash injection.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt