Wednesday, March 2, 2016

A Different Approach

At the height of the cruise line building boom, cruise lines all expressed concern that they might not be able to get slots for their orders at shipyards when they needed them, so they worked around this by ordering ships farther out than they really wanted to, just to ensure they could get a slot which they could later trade between brands they owned.

Genting Hong Kong which is building ships for its three brands (Crystal, Star and Dream), today announced the acquisition of Nordic Yards’ three shipyards in Wismar, Warnemunde and Stralsund (Germany) for 230.6 million Euros. Genting’s CEO, Tan Sri Lim Kok Thay, said the action, along with their recent acquisition of Lloyd Werft, will ensure that Genting could build the number of ships they will require over the next decade on their time schedule.

The complete story appeared in the March 2 edition of Cruise News Daily.