Renamed Ocean Gala-1, the ship is currently off the coast of Egypt and is thought to be en route to Alang.
The sale ends what has been a disastrous investment for Floating Accommodations. The company acquired the cruiseship from Germany’s TUI Group in late 2015 through a Bahamian-registered entity called Cruise Holdings Inc.
It was purchased against what at the time appeared to be a lucrative charter to Sweden’s migration board, Migrationsverket.
