I doubt it very much.
The Australian company is already in the hands of the Insolvency Administrators (by voluntary decision):http://www.classicintcruises.com/Press/Media%20Release%2020121031.pdf
CIC page on Facebook reports the same - date is the same (31st Oct. 2012):http://www.facebook.com/ClassicInternationalCruises
No further news available. Status should still be: 4 ships arrested (2 in France, 1 in Greece and 1 in Montenegro), and Funchal still undergoing (?) rennovation work in Lisbon at a snail pace.