Low-profile Aqua Explorer Holdings has acquired the oldest ship operating in the Saga Cruises fleet.

The IHS Ships Register indicates that ownership of the 18,600-gt cruiseship Saga Pearl II (built 1981) was switched to the newly formed British Virgin Islands-registered company shortly after the ship completed its final cruise with Saga last week.

The ship, with its name shortened to Pearl II, departed Portland in the UK last Friday, and is currently heading for Gibraltar.