Cordelia Cruises, India’s leading cruise operator, has announced plans to expand its fleet with the addition of two new ships, as demand for cruise tourism surges. The company, currently operating with a single vessel—the Cordelia Empress—is running near full capacity and sees this expansion as a strategic move to capitalize on the growing market.
To fund its ambitious growth plans, Cordelia’s parent company, Waterways Leisure Tourism, has approved a proposal to raise approximately ₹800 crore through an Initial Public Offering (IPO). The decision, made during a board meeting in Mumbai, is subject to regulatory approvals. The funds will be used to acquire new ships and attract institutional and retail investors.
India’s Cruise Tourism on the Rise
The Indian government has prioritized cruise tourism as a key sector for economic growth, aiming to boost both domestic and international travel. Cordelia’s expansion aligns with this vision, positioning the company to offer enhanced cruise experiences and cater to the rising demand in the region.
Discussions Underway, But No Deal Finalized
Cordelia Cruises is actively in talks with major cruise operators from the US and Europe who are looking to divest their smaller ships with passenger capacities of 2,000 to 2,500 guests. These operators are transitioning to larger vessels that can accommodate between 5,000 and 7,000 passengers.
Jurgen Bailom, President & CEO of Cordelia Cruises, confirmed the ongoing discussions but clarified that no deals have been finalized yet. “We have received multiple offers from existing cruise lines that are upgrading their fleets. Given the current market conditions, this is an opportune moment for us to expand,” he said.
Once acquired, the two yet-to-be-named ships will increase Cordelia’s total passenger capacity by 4,000, significantly expanding its reach. The new additions will feature between 1,800 and 2,200 staterooms and suites, complementing the existing 800 cabins aboard the Cordelia Empress.
Strategic Board Expansion
Alongside its fleet expansion, Waterways Leisure Tourism has strengthened its leadership team with the appointment of Vice Admiral Anil Chopra to the board. He joins Jurgen Bailom, Aditya Gupta, and Coralie Ansari. The company is expected to bring in additional experts from the tourism and entertainment industries to further bolster its strategic vision.
With its planned IPO and fleet expansion, Cordelia Cruises is poised to reshape India’s luxury cruise landscape, offering world-class maritime experiences and reinforcing the country’s status as an emerging cruise hub.
