Tradewind Voyages has cancelled all sailings onboard tall-ship Golden Horizon until October 2023.
The move comes as the line continues to realign its business and financing structure as a result of sanctions on Russian-based major credit bank VTB Germany.
The line will be issuing refunds to guests’ original form of payment via its trust account. No further action is required by customers at this time.
A statement posted on the line’s website reads: "We have taken the difficult decision to cancel all our current voyages till October 2023, as we work through the company financial restructure.
"We can appreciate our guest’s disappointment regarding the voyage cancellations, a decision that has not been taken lightly, but required at this time. We sincerely apologise to all our guests for any inconvenience this decision may cause."
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