Liquidators had planned to send the loss-making 22,500–gt ship (built 1998) off on a cruise from 18 December to 1 May.

But this idea has been scrapped, liquidator Reinhold Schmid-Sperber in a statement.

He said that no investor had been found in the short time between Deilmann filing in October and the deadline to find funds.

Schmid-Sperber said many companies are still interested in buying the ship, with 15 serious enquiries having been logged.