The cruise business of the Ukrainian Danube Shipping Company lost $2 million last year, despite the fact that the company’s four boats enjoyed “88-90%” occupancy

The cruise business of the Ukrainian Danube Shipping Company lost $2 million last year, despite the fact that the company’s four boats enjoyed “88-90%” occupancy, Oleksiy Khomyakov, acting board chair of the state company, tells the Center for Transportation Strategies. Part of new management, Khomyakov blamed the losses on corrupt deals. Using four Soviet-era cruise ships, Ukrainian Danube offers inexpensive river tours “From the Alps to the Black Sea” – from Vienna to Bratislava to Budapest to Belgrade to the company’s home port in Izmail, in Ukraine’s Danube delta.