Transocean Tours is a German based cruise line that operates three ocean-going cruise ships on the German and British markets, as well as five river cruise ships on the German market. The company was formed in 1954 and first begun operating cruise ships in 1972, using tonnage chartered from the Soviet Union-based Baltic Shipping Company. On 4 September 2010, Transocean Tours announced that the Germany-based line will be going through a restructuring. This restructuring is also known in the U.S. as Chapter 11 Bankruptcy.