Delta Queen Makes A Comeback

Following the decision to enter into bankruptcy this past October, American Classic Voyages has agreed to sell two of steamboats — Delta Queen and Mississippi to Chicago-based investment firm Waveland Investments LLC for $3.75 million. The company, which is privately-held, plans to take over the boats, effective next month.

Mississippi Queen, which ceased operations in October, will resume its itinerary on May 7, while Delta Queen, which halted its schedule in January will begin sailing again on August 26.

While the sale of the vessels was confirmed this past weekend, there is still a possibility that the vessels could be passed off to another buyer when they are auctioned off in Chicago on May 3.

Uniworld to Bid for Delta Queen Steamboat Uniworld intends to bid for the assets of New Orleans-based Delta Queen Steamboat Company. The assets include the Delta Queen Steamboat trademarks and logos plus the Mississippi Queen and Delta Queen, the classic American river steamboats. Uniworld operates its Europe river cruises through its wholly owned European subsidiary Global River Cruises. With 15 ships under ownership or long-term lease. Global River Cruises is Europe's leading river cruise line. Uniworld's president and CEO, Serba Ilich, said he would locate the North American headquarters of Global River Cruises in New Orleans to take advantage of the synergies presented by the acquisition of Delta Queen Co.

Maritime Reporter Magazine, page 3, May 2002

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