Crown Current

CrownCurrent is a new cruise company and ship builder. It was founded on January 19, 2013, by the countries of Riyadh Islamic Federation, Shihaisha, and New Holland. It is slated to start its inaugural cruise in May 2013, in the Mediterranean.

History
The original idea for CrownCurrent came from Shihaisha in mid-2012, where it would host a cruise line focusing on the Asian coast, with its main competitor being Star Cruises. The idea was then shared with Riyadh Islamic Federation and New Holland, and the idea of making it a global company was started.

CrownCurrent was then founded in early-2013, with CrownCurrent consisting of 5 subsidiaries focusing on certain regions of the world. It is expected to start its cruising services with a Mediterranean 10-day cruise.

RIF Removal
On February 6, 2013, the company had announced that it was terminating any action between the Riyadh Islamic Federation and the company. This was in response to the 2013 Nuclear Sanctions Crisis, and how the Federation was preventing the company from any growth. As a result also, CrownCurrent Arabia cruises were cancelled. Weeks later the Riyadh Islamic Federation claimed plans for 3 CrownCurrent Arabia ships that Shihaisha planned on using. In the crisis that ensued Shihaisha shut down CrownCurrent completely, but continued to dispute who the plans belonged to. In March 2013, the sanctions crisis toned down, with Riyadh being cleared of all accusations, and resulted in renewed dispute over the plans, with Shihaisha offered the rights to for $600million.

Finally, in April, with the transfer of CrownCurrent from Shihaisha to Takyoto an agreement was reached. Control of CrownCurrent was handed over to Riyadh and New Holland, and the ship plans were handed over to Riyadh.