Alaskan Dream Cruises has ceased operations, according to a statement issued by the cruise line on Wednesday evening.

“Effective immediately, Alaskan Dream Cruises has ceased business operations and will no longer be operating future sailings,” the small-ship company said in a statement.

Owned by Allen Marine, Alaskan Dream Cruises had run seasonal sailings on U.S.-flagged ships in Alaska since 2011.

This year, the company was poised to operate four ships in the market, including the Chichagof Dream, Admiralty Dream, Alaskan Dream and Baranof Dream, totaling 223 berths. The fleet is currently laid up in Sitka.

Allen Marine is a big player in the Alaska cruise market and owns a significant amount of shore excursion infrastructure in the region.

Operations at Allen Marine are said to be unaffected.

“For guests with existing reservations, or their travel agents, information regarding next steps and refunds has been communicated directly via email,” the company said.

Guests or agents with questions or who require assistance may contact the company using info@alaskandreamcruises.com or calling (855) 747-8100.

Cruise Industry News previously reported that quickly denied.