Anastasios Kyriakides has left Regency Cruises to become a senior executive officer at the newly-formed Sea Venture, Inc. of Miami. Doug McGarvey, former vice president of marketing at Regency, and Paul Wells, former president of Adventure Cruise Line, are the other executive officers. According to Kyriakides, the company will announce its plans early next month.

Adventure Cruise Line, a U.S. cruise venture awaiting approval of Title XI financing, was founded by Wells and Regency President William Schanz. A spokesperson who answered the phone at the company's old number, referred callers to Sea Venture, saying that the two companies are the same.