In such a booming industry, it’s hard to believe any cruise line is struggling to fill their ships.

However, a Finland-based cruise line, Kristina Cruises was forced to sell its sole vessel this week, months after applying for a debt restructure programme.

An unnamed investor group took possession of the Kristina Katarina on 8 January in Las Palmas, the Canary Island.

According to Maritime Matters, Kristina Cruises was struggling to find passengers to sail on the vessel, despite operating it as a tour boat in addition to a cruise line.

All Kristina Cruises holidays scheduled to operate in 2014 have been cancelled, and the line is reportedly letting go of 147 of its staff.

In the meantime, Kristina Cruises will run cruises on other firms’ ships instead of owning its own vessels, reported.