World Dream sold at auction to undisclosed buyer
World Dream, the last vessel of the collapsed Genting Hong Kong group, has been sold at an auction in Singapore to an undisclosed buyer, media reports say. (more…)
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World Dream, the last vessel of the collapsed Genting Hong Kong group, has been sold at an auction in Singapore to an undisclosed buyer, media reports say. (more…)
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One year after the collapse of Genting Cruise Lines, most of its former fleet has now met its destiny. (more…)
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How much is a 2016-built megaship worth? The world is about to find out as the World Dream is heading to auction via the Singapore Sheriff following the demise of Genting Cruise Lines earlier this year. (more…)
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After spending several months in lay up, the ex-SuperStar Aquarius and the ex-SuperStar Gemini recently completed their final journeys to the scrapyard. (more…)
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Two cruise ships, MV Arius (SuperStar Aquarius) and MV Gem (SuperStar Gemini), with a passenger capacity of 800 each have been berthed for a month-long layup in the China-backed Hambantota International Port (HIP). (more…)
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An unnamed cruise vessel of nearly record proportions that has been under construction in Germany for an Asia-focused cruise line will be scrapped before sailing a single voyage, according to German shipping magazine anBord. (more…)
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According to news reports, the unfinished hull of Genting Cruise Lines’ second Global Class newbuild will be sold for scrap. The 208,000-ton vessel was in early stages of construction at one of MV Werften’s facilities in Warnemunde, Germany, when the shipbuilding complex declared bankruptcy earlier this year. (cruiseindustrynews.com)
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The Taipan has found a new home in OM Ships, a Germany-based religious organization famous for its floating bookshops. According to a statement on its website, the Christian charity is in the process of acquiring the vessel, which was previously operated by Genting’s Star Cruises brand. (cruiseindustrynews.com)
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A new cruise line owned by Malaysian tycoon Lim Kok Thay will set sail from its home port Singapore on June 15. (more…)
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Resorts World Cruises, a new Asian luxury and dynamic lifestyle cruise brand will have its global debut in Singapore on 15 June 2022 with the Genting Dream. (more…)
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V.Ships Leisure is now managing the full Dream Cruises fleet, having assumed full management responsibilities of the 1999-built “Explorer Dream” on Friday. The company had already taken over management of the “Genting Dream” and “World Dream”, in addition to the “Crystal Serenity”, “Crystal Symphony” and “Crystal Endeavor”. (cruiseindustrynews.com)
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Genting Hong Kong had to make a quick exit from the cruise ship business earlier this year over financial troubles. Now, Genting Group, its parent company and the operator of casinos around the world, apparently isn’t ready to give up its dreams. (more…)
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Waiting for their fates, the Genting Cruise Lines fleet is laid up in North America, Europe and Assia. Cruise Industry News has tracked down the location and status of every oceangoing ship of Genting’s three cruise brands. (cruiseindustrynews.com)
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The sale of Genting Hong Kong’s unfinished mega-liner Global Dream has already lured plenty of potential buyers, including billionaire ex-Genting boss Lim Kook Thay. (more…)
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Genting Singapore—controlled by Malaysian billionaire Lim Kok Thay—is investing S$400 million ($298 million) this year to revamp its casino resort and theme park in the lion city, preparing the property for a post-pandemic tourism recovery. (forbes.com)
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The unfinished “Global Dream” rests quietly in a dock as the Covid-19 pandemic has turned the cruise ship into a nightmare for the shipyard in Wismar along Germany’s windswept Baltic coast. (thelocal.de)
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Genting Hong Kong continues to sail into troubled waters with the company announcing that its Dream Cruises subsidiary has filed a petition for the winding up of the company. (asgam.com)
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Genting Hong Kong currently has three ships in its Crystal Cruises ocean-going fleet, three ships (and two on order) in the Dream Cruises fleet, and four ships in the Star Cruises fleet. (cruiseindustrynews.com)
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Lim Kok Thay started a cruiseferry and gambling boat business in 1990s Hong Kong and turned it into one of Asia’s biggest cruise operators. (gcaptain.com)
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Dream Cruises appeared to have taken its booking engine offline as of Saturday morning as no future sailings were listed or bookable. (cruiseindustrynews.com)
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Joint provisional liquidators have been appointed by the Supreme Court of Bermuda to assist in restructuring the indebtedness of Genting Hong Kong Limited. (royalgazette.com)
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The Crystal Cruises saga may just be starting as a Miami court has issued a warrant for the arrest of the Crystal Symphony. Peninsula Petroleum Far East Pte. Ltd. filed a lawsuit in Miami earlier this week against the Crystal Symphony, Crystal Cruises and Star Cruises for what it says are unpaid fuel bills. (cruiseindustrynews.com)
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Genting Hong Kong Ltd may file for provisional liquidation as soon as Tuesday after it wasn’t able to secure funds to help it stay afloat following an insolvency of its German shipbuilding subsidiary. (freemalaysiatoday.com)
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Genting Hong Kong, whose MV Werften cruise ship building unit filed for insolvency earlier this week, expects a court in Germany to publish its ruling on a dispute over funding to be published on 17 January. (cruisebusiness.com)
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Shares of Genting Group were halted on the stock market on Friday as news reports out of Germany signaled problems for Genting-owned MV Werften. The yard recently completed the Crystal Endeavor with the huge Global Dream for Dream Cruises set to be delivered later this year, with a sister ship following in 2023. (cruiseindustrynews.com)
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Cruise ship operator Genting Hong Kong Ltd’s indirect wholly-owned subsidiary MV Werften Holdings Ltd (MVWH) is reported to be teetering on insolvency as it finds itself in protracted negotiations with the German federal and state governments over long-promised financial assistance. (theedgemarkets.com)
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Genting Cruise Lines today achieved a new milestone with Star Cruises as “Star Pisces” sets sail on its very first journey from Penang (Malaysia) after a long period of hiatus due to the global pandemic, marking the start of the recovery of the domestic and regional cruise and travel industry. (more…)
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Nearly 3,000 passengers and crew are disembarking a Dream Cruises ship on Wednesday after being confined in their cabins when a passenger tested positive for Covid-19. All passengers and crew aboard the three-night World Dream “cruise to nowhere” in Singapore had been required to isolate in their cabins, with only essential crew members being allowed to move throughout the ship. (cnbc.com)
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Genting Hong Kong has revealed plans to build and manage a new line of cruise ships on behalf of international hotel brands. Speaking at a naming ceremony for the recently completed Crystal Endeavour at the company’s MV Werften shipyards in Germany on Saturday, Genting Hong Kong President and CEO Colin Au said the Universal-class ships will be “designed like airplanes, where function is more important than form, simplifying the design and production process and reducing costs, while allowing for customization by hotel and other brands.” (asgam.com)
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Genting Hong Kong said the plan to sell and lease back expedition ship Crystal Endeavor for a total price of 350 million euro has been terminated: reference is made to the announcement of the Company dated 23 December 2019. (more…)
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Genting Hong Kong, Asia’s biggest cruise operator, is to get 193 million euros ($227 million) from Germany’s government for its struggling shipyards in the country, despite reservations over state handouts to foreign investors. The payment to the operator of the Star Cruises, Dream Cruises and Crystal Cruises lines will allow work at its shipyards in northeastern Germany, grouped under MV Werften, to carry on at least until March. (nikkei.com)
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Genting Cruise Lines announced that the company is working to forge a strategic partnership with the Sanya CBD Administration and a prominent national travel industry corporation to establish a joint venture company to facilitate operations of Dream Cruises’ flagship in Sanya. (more…)
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Malaysian tycoon Lim Kok Thay has pledged nearly his entire stake in embattled cruise operator Genting Hong Kong Ltd. as collateral for loans, raising the risk of a margin call after the stock plunged 38% on Thursday. (bloomberg.com)
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Genting Cruise Lines has successfully completed stringent evaluation checks by the Singapore government for SuperStar Gemini and SuperStar Aquarius to extend support and provide temporary on board accommodations for foreign workers in Singapore who have recovered from COVID-19. (more…)
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