Search results for: Genting Hong Kong

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  • 16 January 2020
    Business & Finance

    The sale and leaseback transaction was closed with a consortium of four Chinese leasing companies.

  • 11 May 2016
    Business & Finance

    Malaysian holding company Genting Hong Kong Ltd has signed a deal for two mega cruise ships with the Lloyd Werft Group for its Star Cruises brand. The deal signed on Tuesday in Wismar, Germany also includes an order for eight river cruise vessels for Crystal Cruises. Star Cruises has designed the “Global Class” ships, each measuring 201,000 gross […]

  • 5 October 2017
    Business & Finance

    Genting Hong Kong, a part of Genting Group, has received a green light from the Singapore Exchange Securities Trading Limited (SGX-ST) for its proposed voluntary delisting from the Main Board of the SGX-ST. Genting Hong Kong has a primary listing on the Main Board of the HKSE, and a secondary listing on the SGX-ST. Following the […]

  • 18 September 2015
    Business & Finance

    Asian cruise operator Genting Hong Kong has entered into an agreement to acquire a majority stake in Lloyd Werft, expected to speed up the construction of ocean and river cruise ships Genting has on order at this German shipyard for its cruise line Crystal Cruises. The deal will see Genting invest EUR 17.5 million for 70% of the new […]

  • 18 September 2015
    Business & Finance

    Asian cruise operator Genting Hong Kong has entered into an agreement to acquire a majority stake in Lloyd Werft, expected to speed up the construction of ocean and river cruise ships Genting has on order at this German shipyard for its cruise line Crystal Cruises. The deal will see Genting invest EUR 17.5 million for 70% of the new […]

  • 22 December 2015
    Business & Finance

    Los Angeles-based cruise line Crystal Cruises expanded its fleet on Saturday as it christened its new cruise vessel Crystal Esprit in a ceremony held at Eden Island Marina in Mahé, Victoria, Seychelles. Owned by Genting Hong Kong, Crystal Cruises said that the vessel “marks the beginning of one of the most significant brand expansions in luxury travel […]

  • 2 February 2018
    Business & Finance

    Genting Hong Kong to cut net loss for 2017 to USD 270 million, following the sale of shares in NCLH.

  • 4 January 2016
    Business & Finance

    Genting Hong Kong Limited said in a stock exchange filing that it has exercised the call option to buy the remaining 30% in German shipbuilder Lloyd Werft. The deal has been carried out for a total consideration of EUR 16.4 million and includes approximately 50% stake in Lloyd Investitions und Verwaltungs, Lloyd Werft’s real estate arm. “The […]

  • 10 April 2019
    Business & Finance

    Net loss was at USD 213.3 million in 2018, as compared to a net loss of USD 244.3 million in 2017.

  • 20 March 2017
    Business & Finance

    Genting Hong Kong, a part of Genting Group, has seen a surge in its revenue from cruise and cruise-related activities by over 39 percent to USD 908.1 million in 2016 from USD 652.8 million reported a year earlier. The company said that its net revenue in 2016 rose to USD 689.7 million from USD 496.8 […]

  • 5 October 2018
    Business & Finance

    Genting Hong Kong has joined the latest scrubber shopping spree.

  • 11 January 2017
    Business & Finance

    German shipbuilder Meyer Werft officially started the construction of the second new cruise ship for Asian cruise line Dream Cruises, a part of Genting Hong Kong, with a keel laying of World Dream on January 10. During the ceremony in Papenburg, Germany, block number 3, one of 92 blocks that will eventually complete the 151,000-ton ship, […]

  • 6 April 2018
    Business & Finance

    Genting Hong Kong managed to cut its 2017 net loss to USD 244.3 million from USD 504.2 million in 2016.

  • 27 October 2017
    Business & Finance

    German shipbuilder Meyer Werft has handed over the new cruise vessel World Dream to the Asian shipping company Dream Cruises, a subsidiary of Genting Hong Kong. The new ship can accommodate 3,376 passengers and is 335 meters long, 39.7 meters wide and can reach a speed of more than 23 knots. This cruise ship also […]

  • 5 March 2019
    Business & Finance

    Three years after it was acquired by Genting, MV Werften has a proven record of success.

  • 13 December 2019

    ABB is to supply power, propulsion and digital solutions for Genting’s new cruise vessels.

  • 18 August 2017
    Business & Finance

    Startup of new brands for the cruise division and MV Werften Shipyard has pushed cruise operator Genting Hong Kong into a loss of USD 203.2 million during the first half of 2017. The company’s loss has been further widened when compared to last year’s equivalent of USD 53.6 million. Total comprehensive income attributable to equity owners of […]

  • 2 March 2016
    Business & Finance

    Genting Hong Kong, a global leisure, entertainment and hospitality company, has acquired Nordic Yards’ three shipyards in Wismar, Warnemunde and Stralsund, Germany for the consideration of EUR 230.6 million (USD 250 million). The company said that the purchase of the three shipyards, along with Lloyd Werft last year, enables Genting Hong Kong to realize its […]

  • 26 April 2016
    Business & Finance

    Genting Hong Kong has concluded the EUR 230.6 million (around USD 260 million) acquisition of Nordic Yards’ three shipyards in Wismar, Warnemunde and Stralsund, Germany, the company said. The takeover is aimed at enabling the company to build a cruise fleet for its three brands – Crystal Cruises, Dream Cruises and Star Cruises. “We are pleased […]

  • 17 November 2016
    Business & Finance

    MV Werften, a group of three of the largest shipyards in Germany, has ordered type 48/60CR engines for two Global Class cruise ships being built for Genting Hong Kong’s Star Cruises brand. German marine propulsion producer MAN Diesel & Turbo will equip each of the 200,000 gross ton vessels with six engines with a combined output of 96,000 kW. The ocean-going […]

  • 18 April 2017
    Business & Finance

      The recent booming of the cruise industry in the Asian market has proved to be a great business opportunity for first movers such as Genting Hong Kong, Colin Au, the Group President reveals in an interview with World Maritime News. According to Cruise Lines International Association’s (CLIA) 2016 Asia Cruise Trends study, there has been a double-digit growth in Asia’s […]

  • 8 August 2019
    Business & Finance

    The interest would be sold for USD 489 million to TPG Capital Asia, TPG Growth and Ontario Teachers’.