The fleet of insolvent Genting Hong Kong, ships that sailed for Crystal Cruises, Dream Cruises and Star Cruises — will likely go to auction soon, reports Anne Kalosh for Seatrade Cruise News. Auctions are required as part of the legal liquidation process to clear any maritime liens (necessities Continue Reading
The cruise industry globally, and specifically in Asia has been dealt with a body blow with the winding up of Genting Hong Kong that owns the Star Cruises, Dream Cruises and Crystal Cruises brands. The company failed to secure funding to pay its debts after the insolvency of its shipbuilding subsidiary, MV Werften in Germany. […]Continue Reading