Friday, May 15, 2015

Genting Acquires a Magic Crystal

There was something of a shift of the balance of power in the industry today - especially the luxury end of it - when Genting Hong Kong completed its acquisition of Crystal Cruises from Nippon Yusen Kabushiki Kaisha (NYK). GHK which owns Star Cruises also owns a portion of Norwegian Cruise Line Holdings which in turn owns Regent Seven Seas, Oceania Cruises and Norwegian Cruise Line.

At the same time, there were several executive promotions announced to loftier titles/positions.

Details appeared in the May 15 edition of Cruise News Daily.