Boutique river cruise firm Aqua Expeditions will diversify its business operations and enter the coastal cruises market in the fourth quarter of 2019.
The expansion of Aqua Expeditions has been made possible by a US$28 million capital injection by US-based private equity companies, according to earlier reports.
The company recently purchased a long-range explorer yacht, originally built for Britain's Royal Navy, which will be extensively refurbished and re-emerge as a luxury expedition cruise ship.
The explorer class vessel will serve three new destinations with year-round departures, scheduled to begin from November. The full announcement on vessel name, facts, destinations and itinerary details will be released May 8.
Last November, the river cruise firm announced it would double its fleet from two to four vessels by 2020 and add new geographic locations over the next two years.
The Singapore-based Aqua Expeditions was launched in 2008 by CEO Francesco Galli Zugaro. It sells five-star luxury river cruising in remote areas. The same concept will drive the company’s fleet expansion and routings.
Aqua Expeditions’ first vessel sailed the Amazon River in Peru in 2011. In October 2014, the company added an Indochina cruise with the launch of the 20-cabin Aqua Mekong that sails the lower Mekong River between Cambodia and Vietnam.