Tagged: Genting Cruise Lines

Genting Announces Sale and Leaseback Deal for Crystal Endeavor

Crystal Expedition Cruises | Crystal Endeavor Rollout | Stralsund, Germany | December 21, 2019

Genting Hong Kong has announced a sale and leaseback deal for the new Crystal Endeavor for a total price of 350 million euro. The interest rate was reported at 7 percent. Genting will sell the ship to SNC Endeavor Leasing, which is wholly-owned by Cafi Hester and Doumer Finance, both part of Crédit Agricole. (cruiseindustrynews.com)

Sale and Leaseback Deal for Genting Dream

The Genting Dream  (Courtesy Meyer Werft)Genting Hong Kong has announced that it has entered into a sale and leaseback agreement for the 2016-built Genting Dream. The company has sold the ship for $900 million or 80 percent of the closing market value (whatever is lower), in a deal involving three Chinese banks. (cruiseindustrynews.com)

Genting Hong Kong Sells Stake in Dream Cruises

The World Dream at Hong Kong (Courtesy Genting Cruise Lines)Genting Hong Kong announced that it has reached a deal to sell a 35 percent stake in Dream Cruises to Canada’s TPG Darting, which is owned by TPG Capital Asia and Growth Funds. The company said the deal would strengthen its balance sheet as well as its ability to continue to expand its fleet in the cruise industry. (cruiseindustrynews.com)



Genting’s Dream Cruises Leadership Change Won’t Rock the Boat

Dream Cruises (Logo)After four years of leading the launch and growth of Dream Cruises and Crystal Cruises Asia, Thatcher Brown has resigned, citing “personal family reasons.” Michael Goh, a loyal Genting Hong Kong executive, has succeeded Brown as president of Dream Cruises. Goh has also been named head of international sales for Genting Cruise Lines, which comprises Dream Cruises, Crystal Cruises, and Star Cruises. (skift.com)









Genting Cruise Lines Launches year-long Make-A-Wish® @ Sea Campaign across its ships in Asia

Genting Cruise Lines (Logo)In conjunction with the 25th Anniversary of Genting Cruise Lines and also in recognition of World Wish Day® on 29 April – an annual day that celebrates the granting of life-changing wishes to children with critical illnesses – Genting Cruise Lines is pleased to announce its year-long collaboration and commitment to Make-A-Wish® International with the launch of the Make-A-Wish® @ Sea fund-raising campaign across its Dream Cruises and Star Cruises fleet in the region. (more…)



Genting’s cruise business in transition

Genting Cruise Lines (Logo)Genting HK expected to continue incurring losses as it repositions itself with new ships. When the Lim family of the Genting group started the cruise business some 26 years ago, they were among the pioneers in Asia. (thestar.com.my)

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Genting Cruise Lines Celebrates Silver Anniversary in Singapore

Genting Cruise Lines (Logo)Genting Cruise Lines celebrated its silver anniversary with a special event held on board Genting Dream in Singapore on 14 December to commemorate the very first sailing of Langkapuri Star Aquarius from Singapore in 1993, beginning 25 years of supporting Singapore to become the premier cruise hub in Asia, handling the most international passengers in Asia. (more…)

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