One can tell a great deal about a corporation if one looks at when and how it was created.
The Noble Caledonia cruise line* likes to brag that it was created in 1991 out of a passion for small ships.
The company which created the cruise line was called Quayshelfco 382 Limited (incorporated 1 August 1991) before its name change to Noble Caledonia Limited registered on 30 October 1991 and, it has extremely long articles of association.
Here is just one sub-clause:
Hmmmmm.......
Noble Caledonia also likes to boast that; Being an independent company where the owners are involved in all aspects puts us in a unique place. From this position of freedom and not having to pander to shareholders and financial institutions....
In fact this company is owned by Noble Caledonia Holdings Limited which in turned is owned by its shareholders Arawak Travel Holdings Limited (formerly Arawak Capital Limited) and Cruising Investments (NC) Pty Ltd and, the ultimate controlling party is Polhavet AB a company registered in Sweden. Noble Caledonia Limited is not always free of the need "to pander" to financial insitutions as the group appears to borrow large sums as required.
* See opinion on Noble Caledonia's operations in Australia & South Pacific at https://northcoastvoices.blogspot.com.au/2017/11/reef-destroying-cruise-ship-given-nsw.html
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