first_imgTony Briggs, Founder and Managing Director of Australia’s Coral Princess Cruises today announced that Kallang Capital Holdings, a Singaporean holding company, has made a substantial equity investment in Australia’s pioneering small ship cruise line.The investment, which was part of a planned transition, positions Coral Princess Cruises for future growth as they add to their existing range of pioneering cruising itineraries covering the Great Barrier Reef, Western Australia’s Kimberley, the South Pacific and South-East Asia.Kallang Capital Holdings managing director Paul Chacko, said the opportunity to invest in the globally recognised and respected operator was an exciting proposition.“We intend to build on Coral Princess’s 30 years of pioneering expedition cruising experience, uniquely-Australian ethos and highly professional product,” Mr Chacko said.Over the coming twelve months a raft of new initiatives to enhance the company’s fleet of three small-ships and product standards will be unveiled, commencing with a refurbishment of Coral Princess II.Coral Princess’s existing management team, led by group general manager Mark Fifield, will remain in charge of the Cairns-based operation as it progresses through an exciting growth phase.Coral Princess Cruises founder Tony Briggs, said that the company is very excited to have new investors come on board.“We are delighted that Kallang Capital Holdings, who share our vision for the future direction and growth of the company, have partnered with us to build on our history and ensure an exciting future for Coral Princess Cruises,” Mr Briggs said.Source = ETB Travel News: Lewis Wisemanlast_img read more