St. Peter Line announced about merger with the Italian cruise operator

Italian cruise operator Moby Lines entered into the capital of the Russian ferry operator St. Peter Line. The companies say about the actual merger of the two businesses. According to the St. Peter Line company's General Director Sergei Kotenev, the ferries remain in his company. Moby Lines takes the ships under administration control. The structure of the company owners will be changed and St. Peter Line will change the concept of development. In particular, we plan to offer new products, such as "Italian vacation on the Baltic Sea." Cruise with the same name can be launched in April 2017. St. Peter Line was planning to serve about 500 thousand in 2016. The final figures for the year is not yet known, however, due to the devaluation of the ruble, the Russians demand for sea travel significantly weakened. In this situation the foreign tourist flow, which, on the contrary, benefited from the devaluation - inspires hope. In addition, the possibility to stay in Russia without a visa for 72 hours gives a favor for it. St. Peter Line is actively promoting Baltic Sea cruises among the Chinese and British tourists. The company's fleet consists of two passenger ferries - Princess Anastasia and Princess Maria. Operational office of St. Peter Line is located in St. Petersburg and the holding company is registered in Cyprus.