Tradewind Voyages cancels sailings due to sanctions on Russian creditor

The 140-cabin Golden Horizon, Tradewind Voyages' square-rigged sailing ship. Photo Credit: Tradewind Voyages
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Tradewind Voyages has canceled all sailings on its lone ship, the Golden Horizon, through October 2022 as it pursues a restructuring, according to the U.K.-based cruise line. 

Tradewind said it is realigning its business and financing structure due to European Union sanctions on lender VTB German, a credit bank based in Russia. 

Guests will be issued a full refund from the line's trust account, Tradewind said.

The decision comes a month after Tradewind suspended new bookings for the Golden Horizon, a 140-cabin ship that Tradewind calls the world's largest square-rigged sailing vessel. 

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