Lim Kok Thay News

A German court will rule next week in a case brought by Genting Group against a German regional government after a row over funding for cruise shipbuilder MV Werften, which filed for insolvency on Monday.Genting, led by Malaysian tycoon Tan Sri Lim Kok Thay, bought MV Werften in 2016. The pandemic has hit the global travel industry, including cruise operators and led to production stops at shipyards that build cruise ships.Genting's subsidiary Genting Hong Kong said on Tuesday…

Cruise operator Genting Hong Kong (GHK) said that its unit Dream Cruises has launched the construction of the second Global Class cruise ship at German shipbuilder MV Werften  in Rostock-Warnemünde.“Production of Dream Cruises’ second Global Class ship commenced at MV Werften in Rostock-Warnemünde today, almost exactly a year after the keel laying of the flagship of the series," said Genting Hong Kong’s Chairman and CEO Tan Sri Lim Kok Thay while initiating at the press of a button the first steel cutting for the 342m long, 46m wide, 208,000 gross ton cruise vessel.“We are delighted that our comprehensive investments at the three shipyard…

Dream Cruises, a luxury cruise line owned by Genting and based in China welcome “Explorer Dream” in Shanghai as the third ship in its Dream Cruises fleet.Dream Cruises held the christening ceremony for the former SuperStar Virgo at Shanghai Wusongkou International Cruise Terminal. Chinese designer Grace Chen served as the godmother and presented a fashion show with 18 models showcasing her 'Voyage' collection, walking a runway on the Palace Pool Deck."Formerly the “SuperStar Virgo” of sister brand Star Cruises, “Explorer Dream” will undergo a US 30 million dollar transformation in March 2019 that will incorporate exquisite new facilities including The Palace…

A keel laying ceremony for Dream Cruises’ Global-Class flagship was held at MV WERFTEN’s Rostock shipyard today.At 204,000 gross tons and with 2,500 suites and cabins, the new cruise ship designed specifically for the Asian market will be the largest ever to be built in Germany. The first section measuring 22 meters long, 26 meters wide and weighing 410 tons, about half of the full keel, marks the start of construction.Approximately 1,000 shipyard employees, partners and guests attended event.

German Chancellor, Angela Merkel and Mecklenburg-Vorpommern’s Prime Minister, Manuela Schwesig were among those in attendance at a keel laying ceremony for the world’s largest polar-class expedition yacht held Tuesday in Germany.The ceremony marked a construction milestone for the 20,000 gross ton luxury expedition yacht Crystal Endeavor, currently being built for Crystal Cruises at MV WERFTEN's Stralsund shipyard.“The keel laying of Crystal Endeavor here in my political hometown of Stralsund marks a special moment for me that is doubly significant…

Shipbuilder MV Werften said it has begun building Crystal’s new luxury expedition yacht, Crystal Endeavor, with first steel cut on January 15 at its shipyard in Stralsun, Germany. Set to debut in 2020, Crystal Endeavor will be Crystal’s largest and most spacious purpose-built Polar Class ship featuring all-suite, butler-serviced accommodations, and adventure in polar regions and other remote destinations. Employees and guests watched as the flame cutter was launched by Genting Hong Kong Chairman and CEO…

Genting Hong Kong appointed travel industry veteran Tom Wolber as President and CEO of Crystal Cruises, effective September 15. Wolber brings to the role over three decades of experience in general management, operations, newbuild construction and business development. He joins Crystal most recently from the Walt Disney Company where he served in various executive roles for 28 years, 10 of which were with Disney Cruise Line where he served as Senior Vice President of Operations. Wolber helped transform Disney Cruise Line into a global cruise line.

MV WERFTEN has started constructing a new hall complex that will house its new panel, section and section outfitting lines at the shipbuilder’s shipyard in Rostack, Germany. The symbolic first cut of the spade, carried out by Genting Group’s Chairman and CEO Tan Sri Lim Kok Thay, Mecklenburg-Vorpommern’s Minister for Economic Affairs Harry Glawe, Rostock‘s senior mayor Roland Methling and MV WERFTEN Chief Operating Officer Holger Tepper, signaled the beginning of the construction of the new hall 11.

ABB will supply the complete power, propulsion and automation package for a series of new cruise vessels being built by MV WERFTEN for Genting Hong Kong brands Crystal Cruises and Star Cruises. The three Crystal Cruises’ luxury “Endeavor Class” mega-yachts will feature a Polar Class 6 and enable cruising in the Arctic; then follow the route of migrating whales along the coast of the Americas and Europe to Antarctica during winter. The Star Cruises “Global Class” vessels will be two of the largest on the market with 204,000 tons registered tonnage each.

MAN Diesel & Turbo and MV Werften have concluded a contract to equip two Global Class cruise ships for Star Cruises. With a registered tonnage (RT) of 200,000 tons each, the ships will be some of the largest on the market and will each be equipped with six type 48/60CR engines with a combined output of 96,000 kW. The ships are scheduled for delivery in 2020 and 2021. The customer and recipient of these ocean-going giants, which will operate in China and all over Asia, is the Star Cruises brand of Genting Hong Kong.

Dream Cruises, the first-ever Asian luxury cruise line, claimed its place in history here today when Genting Dream’s official Godmother, Puan Sri Cecilia Lim, the wife of Tan Sri Lim Kok Thay, Chairman and Chief Executive Officer of Genting Hong Kong christened its maiden luxury cruise ship, spectacular Genting Dream, before an assembly of prominent officials from the Chinese government as well as top executives from trade and industry. Genting Dream's arrival also marked the first time a luxury cruise ship of this scale has home-ported in Guangzhou (Nansha). More than 900 guests were on hand to witness the historic occasion and take part in the gala celebrations, including Mr. Cai Zhaolin, Vice Mayor of Guangzhou, Mr.

Genting Cruises has confirmed its build program for the MV WERFTEN shipyard group following the launch of the first Asian luxury cruise ship, Genting Dream, in Singapore, Hong Kong and Guangzhou, China. Executive Chairman, Tan Sri Lim Kok Thay, stated during the three events that Genting is committed to the long-term development of the cruise industry in Asia. With the rapid growth of the cruise industry in Asia but only a limited number of yards capable of building large cruise ships…

Announcing further investments into its shipyards, MV WERFTEN has today signed three contracts for the investment program for its Rostock yard, including a purchasing contract for a new thin-plate laser panel line with welding and production automation specialist Pemamek, the construction of a new hall with engineering company Inros Lackner and design services with service engineer Warnow Design. “This investment clearly indicates our long-term commitment to our yards and our plans to make MV WERFTEN one of the world’s most modern and efficient cruise shipbuilders…

Genting Hong Kong, a unit of Malaysia's gaming giant Genting, is building 10 cruise ships worth 3.5 billion euros ($4 billion) in anticipation of higher demand from the Chinese market. Genting has signed an order for 10 ships with the Lloyd Werft Group, comprising two mega cruise ships for Star Cruises and eight vessels for Crystal Cruises. "We are focused on delivering a world-class vacation experience for Chinese cruise passengers," said Genting and Genting Hong Kong Chairman Lim Kok Thay. The signing ceremony was attended by Uwe Beckmeyer, State Secretary of Maritime Affairs, Erwin Sellering, Prime Minister of the State Mecklenburg-Vorpommern and Martin Günthner, Senator for Economics and Port Affairs of Free Hanseatic City of Bremen, Tan Sri Lim Kok Thay, Chairman of Genting Hong Kong.

Genting Hong Kong, announced the completion of the acquisition of Nordic Yards’ three shipyards in Wismar, Warnemunde and Stralsund, Germany for the consideration of 230.6 million Euros. The deal will give Genting Hong Kong the core expertise, manpower, fabrication capacity and covered drydocks to build a global cruise fleet for its three brands - Crystal Cruises, The World Most Awarded Luxury Cruise Line ; Dream Cruises, Asia’s Most Luxury Cruise Line; and, Star Cruises, Asia’s Leading Cruise Line. “We are pleased with the completion of the transaction as ownership of the yards provides certainty that we can build a fleet of high quality cruise ships at a pace dictated by our growth rather than constrained by supply as cruise ship order book continues to reach all-time highs…

Cruise ship operator Genting Hong Kong Ltd is buying three shipyards in Wismar, Warnemünde and Stralsund respectively owned by German shipbuilding company Nordic Yards for $358 million to further enable its presence in the sector. The purchase from Nordic Yard is expected to be funded by internal resources of the group, it said in a filing to the Hong Kong Stock Exchange. The purchase of the three shipyards, along with Lloyd Werft last year, enables Genting Hong Kong to realize its global cruise ships fleet strategy over the next decade for its three brands - Crystal, Star and Dream, said Genting in a statement. “The rapid growth of the world cruise industry…

Crystal Cruises has been sold for $550 million to the owner of Asia's largest cruise line and a major shareholder of Norwegian Cruise Line. Crystal's parent company, Nippon Yusen Kabushiki Kaisha has sold the line to Genting Hong Kong, which owns Star Cruises. The deal is expected to close in the second quarter of 2015. The acquisition is expected to close in the second quarter of 2015. The announcement said that "with the support of GHK’s financial strength and expertise in ship design, Crystal Cruises’ fleet size will expand with a new ship." For many year, travel agents have asked Crystal about whether the line would build a new ship.

Malaysian leisure liner group Star Cruises said on Thursday its president and chief executive Colin Au has stepped down due to medical reasons. "Star Cruises wishes to announce that Mr. Colin Au has resigned as president and chief executive and director of Star Cruises on medical grounds today," the company said in a statement. It did not say exactly what Au's medical problems were but added that it wished him an early recovery. "Mr. Au has been with Star Cruises since (its) inception," the statement said. "It is with much regret that the Board accepts his resignation." The statement said Lim Kok Thay, chairman of Star Cruises, will assume Au's positions.

NCL Corporation (NCL) has taken delivery of Pride of Hawai’i as the newest member to the NCL America fleet, with a handover ceremony in Eemshaven, Holland. At the onboard ceremony, Star Cruises Chairman Tan Sri LIM Kok Thay was joined by Colin Veitch, NCL President and CEO; and Bernard Meyer, managing partner of Meyer Werft, the shipyard that constructed the vessel. Pride of Hawai`i is the ninth in a series of 11 such Freestyle Cruising ships delivered as part of a U.S. $5 billion cruise ship building program undertaken by Star Cruises and NCL since 1998. Pride of Hawai`i is also the third in a series of U.S. flag cruise ships, built for the Hawai`i market.