logo
Sweet Victory: Two coastal ships with a long history get new lease on life

Sweet Victory: Two coastal ships with a long history get new lease on life

Travel Weekly10-05-2025
ONBOARD THE VICTORY I -- Freshly painted, with new carpet, curtains, furniture, glassware and cutlery, the Victory I may not be in its ninth life, but it sure is close.
Under new ownership, the 190-passenger coastal ship is back on the Great Lakes, to be joined in May by sister ship the Victory II.
And "Victory" is a fitting name, since this is one of cruising's great comebacks.
Entrepreneur John Waggoner came out of retirement to revive the line, which he once owned, following the 2024 bankruptcy of parent company Hornblower Group. Waggoner and his wife, Claudette, paid $1.9 million in cash at auction for the ships.
Shaded lounge seating on Victory I's sundeck. Photo Credit: Anne Kalosh
During Victory I's naming festivities in Toronto on April 27, Waggoner recounted how, in a "very short 380 days," he was able to arrange financing to resume operations, "put the band back together," set up reservations and accounting systems, repair both ships (including a new engine for the Victory II) and enhance the interiors, open bank accounts for credit card payments, launch sales and marketing, develop a website, set up a call center and "a thousand other tasks" to restart service.
The Victory I's christening in Toronto was an emotional event for the Waggoners. Their youngest daughter, Emily Coleman, served as the godmother, smashing a bottle of Crown Royal Canadian Whisky on the bow.
The event was sentimental for me, too.
Recalling the Cape May Light's debut
In April 2001, I was present to report on the ship's first naming, as the Cape May Light, for Delta Queen Coastal Voyages, then a new brand.
It was a rare U.S.-built cruise ship, constructed at Atlantic Marine in Jacksonville, Fla., as part of a strategy to revive commercial shipbuilding and create American jobs by financing U.S.-built ships with government loan guarantees through the U.S. Maritime Administration.
A deluxe outside stateroom with a veranda that is shared with other staterooms on Deck 4. Photo Credit: Anne Kalosh
The Cape May Light had national, patriotic significance far beyond its small size. Secretary of Labor Elaine Chao served as the godmother, and the naming took place near Washington, in Alexandria, Va. Maritime union brass turned out, and a thick cloud of cigar smoke swirled around their intense discussions in the bar.
Delta Queen Coastal Voyages belonged to Chicago business mogul Sam Zell's American Classic Voyages, which also operated Delta Queen Steamboat Co., American Hawaii Cruises and United States Lines.
The Cape May Light and its sister, the Cape Cod Light, were designed to expand Delta Queen's river focus into coastal operations, including the Great Lakes.
But the Cape May Light sailed for just a few months: The 9/11 terrorist attacks and the ensuing travel downturn led to American Classic Voyages' bankruptcy. The U.S. Maritime Administration took possession of the two Cape ships -- the Cape Cod Light had never even sailed -- which languished for years. In 2006, Waggoner put in an offer for the ships but was outbid. Eventually Denmark's Clipper Group, a bulk cargo operator with an office in Nassau, acquired the vessels, reflagged them to the Bahamas and put them out for charter.
The Cape May Light, renamed the Sea Voyager, housed relief workers for Haiti's 2010 earthquake recovery and did a stint as a floating dormitory for St. Mary's College in Maryland.
In 2015, it would go back to what it was built to do. Chartered to Haimark Line, it was renamed the Saint Laurent and launched Great Lakes itineraries. But early on, the ship struck a lock in the St. Lawrence Seaway and an insurance dispute led to Haimark's demise.
Victory Cruise Lines is born
Haimark had also been planning to launch Cuba cruises under a partnership with Bruce Nierenberg, an entrepreneur who had snagged a license to sail between the U.S. and Cuba when relations between the countries thawed during the Obama administration.
A "LakeLorian" lecture in the Compass Lounge. Photo Credit: Anne Kalosh
When Haimark went under, Nierenberg became CEO of the newly formed Victory Cruise Lines, designed to pick up Haimark's Great Lakes business and launch Cuba cruises on the ship that was now named Victory I.
In 2019, Waggoner's American Queen Steamboat Co. (AQSC), part of Hornblower, acquired Victory: At last the ships were his. The first Trump administration abruptly halted Cuba cruises in June of that year, and the company focused on the Great Lakes itineraries.
Then the Covid-19 pandemic struck. With Canadian ports closed, AQSC canceled Victory's 2020 season.
As cruising resumed in 2021, AQSC rebranded as American Queen Voyages, combining its river and coastal fleets. Victory I became the Ocean Voyager and Victory II the Ocean Navigator.
Around that time, Waggoner sold his stake to private equity and left Hornblower, which had brought in new management. In early 2024, American Queen Voyages filed for bankruptcy.
Waggoner was saddened to see the company he'd built evaporate so quickly. But he also missed the cruise business, and when the ships were put up for auction, he decided to get back in. Once he and his wife had won the Victory pair, they got financing to spruce up the ships, and in a "very short 380 days," he said, the line was relaunched.
The Victory I now
The Victory I looks fresh but retains it original elements and historic charm.
New technology includes LED screens with destination information in the stair landings and the Compass Lounge, the main entertainment and lecture venue. The Compass Lounge is where the "LakeLorian," a storyteller/destination expert trained by the National Museum of the Great Lakes, gives briefings.
Diners at the Tuscan Stone Grill cook their steaks on individual hot stones. Photo Credit: Anne Kalosh
A compass rose-inspired floor on the Saloon Deck, stained-glass accents in the cozy Tavern, and the tin ceiling and chandelier in the main Compass Lounge are all original and give the ship historical flavor.
In the Coastal Dining Room, one dinner menu's entrees included rack of lamb, Boston scrod, spaghetti aglio e olio, Punjabi eggplant, New York sirloin steak, grilled chicken breast and Atlantic salmon -- all elegantly plated. I found the grilled haloumi appetizer and Valrhona chocolate dessert scrumptious.
The Grill, a casual buffet spot during the day, converts into the Tuscan Stone Grill by night. Each diner gets a preheated stone to cook their own filet mignon, sirloin or salmon.
Staterooms start at 146 square feet, and most have windows, not balconies. My Category AA deluxe outside stateroom with veranda was 161 square feet, with a compact shower, Aveda toiletries, a desk and stocked minifridge. The AA rooms open to a shared veranda.
A grilled haloumi appetizer served in the Coastal Dining Room. Photo Credit: Anne Kalosh
This is a quaint but well maintained ship, comfortable and perfectly sized for the Great Lakes.
I'm happy that after 24 years and many incarnations, it's back where it belongs.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

SharpLink Reveals $601 Million Ethereum Buy as ETH Rally Cools
SharpLink Reveals $601 Million Ethereum Buy as ETH Rally Cools

Yahoo

time21 minutes ago

  • Yahoo

SharpLink Reveals $601 Million Ethereum Buy as ETH Rally Cools

SharpLink Gaming purchased $601.5 million Ethereum last week, its largest ETH buy over the past month, the company announced on Tuesday. The online gambling marketer, which has shifted its focus to become an Ethereum treasury, purchased 143,593 ETH at $4,648 between August 10 and August 15, the company said. That brings SharpLink's holdings to 740,460 ETH worth a little more than $3 billion as of writing time. Ethereum was recently trading at $4,124, down 5.9% in the past 24 hours, according to crypto data provider CoinGecko, as investors fretful about U.S. inflation and wider macroeconomic uncertainties veered away from digital assets along with other risk-on assets. The purchase comes as SharpLink speeds toward its goal of acquiring 1% of all circulating ETH, or more than 1.2 million ETH, spearheading a market frenzy that nearly sent the altcoin's price to an all-time high last week. In a Myriad Linea market, 72% of respondents expect SharpLink to hold one million ETH by September 16. (Disclosure: Myriad is a prediction market and engagement platform developed by Dastan, parent company of an editorially independent Decrypt). Ethereum was trading above $4,700 last Thursday, roughly 2% below its record price of $4,878 in 2021 as institutional investors poured billions into spot ETH ETFs. Since then, the token has fallen more than 10% amid heightened tensions between Russia and Ukraine and ahead of the release of more U.S. economic data this week. SharpLink recently raised $390 million in net proceeds from its registered direct offering that closed on August 11. The company also raked in $146.5 million from its ATM facility last week, the proceeds of which will also go toward bolstering its ETH treasury. Bitcoin Could Keep Surging to New Highs Into 2026, Says Bernstein The company is one of several ETH-based treasuries that has been buying up the token over the past year. Tom Lee's crypto mining firm Bitmine Immersion became the largest Ethereum treasury in the world, with ETH holdings worth $6.6 billion, the company said Monday in a statement. Meanwhile, EtherMachine and Bit Digital boast stockpiles of the altcoin worth more than $1 billion and $500 million, respectively. SharpLink shares were trading at $18.47 on Tuesday, down 8% in the past 24 hours but up 128% in the year to date, according to Yahoo Finance data. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Sun Valley Investments AG Announces Acquisition of Securities of Canagold Resources Inc.
Sun Valley Investments AG Announces Acquisition of Securities of Canagold Resources Inc.

Yahoo

time21 minutes ago

  • Yahoo

Sun Valley Investments AG Announces Acquisition of Securities of Canagold Resources Inc.

VANCOUVER, British Columbia, August 19, 2025--(BUSINESS WIRE)--This news release is related to the common shares of Canagold Resources Ltd. ("Canagold" or the "Company") (TSX: CCM). Sun Valley Investments AG, a Private Investment Firm (the "Acquiror"), and a related party, Goldlogic Corp. ("Goldlogic"), announce the acquisition of 2,325,581 flow-through shares of the Company (each a "FT Share") that qualify as flow-through shares for the purposes of the Income Tax Act (Canada) at a price of CAD$0.43 per FT Share, and 2,564,103 regular common shares (each an "NFT Share") at a price of CAD$0.39 per NFT Share. A total of 4,889,684 common shares were acquired for a total subscription price of approximately CAD$2,000,000 as part of the private placement. The private placement closed on August 18, 2025. Immediately prior to the Private Placement, the Acquiror owned and/or had control over an aggregate of 88,638,133 Common Shares, representing approximately 48.16% of the issued and outstanding Common Shares of the Company on an undiluted basis. Following completion of the Private Placement, the Acquiror owns and/or has control over an aggregate of 93,527,817 Common Shares, representing approximately 48.25% of the issued and outstanding Common Shares on an undiluted basis. 76,050,880 of the Shares are held directly by the Acquiror, representing 39.23% of the issued and outstanding and 17,476,937 Shares are held indirectly through Goldlogic, representing 9.02% of the issued and outstanding. The Acquiror has acquired the Shares for investment purposes under an exemption provided under National Instrument 45-106 – Prospectus Exemptions. In the future, the Acquiror may, depending on market and other conditions, increase or decrease its ownership of the Company's securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities. Canagold's head office is located at Suite 1250, 625 Howe Street, Vancouver, BC, Canada V6C 2T6. The Acquiror's head office is located in Bahnhofplatz 6300, Zug, Switzerland. About Sun Valley Sun Valley is a private investment firm focused on the metals and mining industry with portfolio companies and branch offices in the Americas, Europe and Asia. Sun Valley's senior leadership team has several decades of experience in mining and investment companies and combines investment skills across diverse asset classes with hands-on experience at both senior and junior companies in the precious metals mining and refining industry. The firm finances the entire precious metals supply chain: mineral exploration, mine construction, production, processing and refining. View source version on Contacts For further information relating to Sun Valley, please contact:Camilo Alvarezemail: calvarez@ phone: +1 281 994 7031 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

PublicSquare Grateful for Closure of Politically Motivated CFPB Investigation into Credova
PublicSquare Grateful for Closure of Politically Motivated CFPB Investigation into Credova

Yahoo

time21 minutes ago

  • Yahoo

PublicSquare Grateful for Closure of Politically Motivated CFPB Investigation into Credova

Closure affirms Credova and PublicSquare's responsible and transparent operations supporting the Second Amendment End of this Biden-era, politically motivated investigation is a victory for freedom, for business, and for every American who refuses to yield to government overreach WEST PALM BEACH, Fla., August 19, 2025--(BUSINESS WIRE)--PSQ Holdings, Inc. (NYSE: PSQH) ("PublicSquare" or the "Company") was pleased to receive notification from the Consumer Financial Protection Bureau ("CFPB") that it had formally closed the investigation into Credova Financial, LLC ("Credova"), a wholly owned subsidiary of PublicSquare. As the Bureau confirmed to Credova, it was closing the investigation because it "has determined that this investigation exemplifies the type of weaponization against disfavored industries and individuals that President Trump and Acting Director Vought are committed to ending," and that "the record of this investigation clearly demonstrates that it was conducted in a biased manner that targeted Credova's exercise of its constitutional rights and facilitation of others' exercise of their constitutional rights." The Bureau determined that its investigation of Credova "was not aimed at protecting consumers, but at suppressing activities protected by the First and Second Amendment." "The conclusion of the CFPB's investigation confirms the strength and integrity of our company and validates the trust our merchants and consumers place in us," commented Michael Seifert, Chairman and CEO of PublicSquare. "This outcome is a win for our entire company, our board, our customers, and a 2nd Amendment community that has seen years of government attempts to regulate businesses like ours out of existence. We would like to thank President Trump, Acting Director Vought, CFPB Chief Legal Officer Mark Paoletta, CFPB Senior Adviser Jeff Clark, and the CFPB staff for their internal review of this investigation and commitment to ensuring the Bureau operates free from political bias and suppression of constitutional rights. PublicSquare remains committed to scaling responsibly, delivering long-term value to our shareholders, and advancing our mission to build an economy rooted in liberty." "For more than four years, Credova was forced to defend itself from what we always believed was a politically motivated investigation that was less about consumer protection and more about targeting lawful commerce tied to the Second Amendment," stated Dusty Wunderlich, Chief Strategy Officer & Board Member of PublicSquare and former President of Credova. "From our view, this was the most recent in a line of attempts to weaponize government against businesses that refuse to conform to a specific political agenda. We did not yield. We stood firm in defense of our mission, our merchants, and the constitutional rights of the Americans we serve. The conclusion of this investigation is a victory not just for our company, but for every business and citizen who believes that freedom must never be compromised." Blake Masters, PublicSquare Board Member and leader in the 2nd Amendment Community, commented, "The closure of this investigation is a strong reminder that when businesses stand firm against government intimidation, freedom wins. This victory affirms that the right to commerce, like the right to self-defense, is fundamental to our liberty." About Credova Credova (a subsidiary of PublicSquare) was founded to fill a critical gap in the marketplace, providing modern, point-of-sale financing solutions to merchants and consumers in underserved sectors such as outdoor recreation and the firearms industry. For many merchants, Credova and PublicSquare are their only access to the kinds of financial tools that other industries take for granted. About PublicSquare PublicSquare is a Financial Technology Company that protects life, family, and liberty. PublicSquare operates under three segments: Financial Technology, Marketplace, and Brands. PublicSquare's Financial Technology segment includes Credova, a consumer financing service, and PSQ Payments, a "cancel-proof" payments company. The primary mission of the Marketplace segment is to help consumers "shop their values" and put purpose behind their purchases. PublicSquare leverages data and insights from the Marketplace to assess its customers' needs and provide high-quality, wholly owned financial products and brands. PublicSquare's Brands segment comprises EveryLife, a premium D2C life-affirming baby products company. The PublicSquare Marketplace is free to join for both consumers and business owners. Download the app on the App Store or Google Play, or visit to learn more. View source version on Contacts Investors Contact: investment@ Media Contact: pr@ Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store