Tan Sri Kt Lim News

Genting Hong Kong and its Hong Kong–German shipbuilding group, MV Werften, announced a new Universal Class of cruise ships targeted at customers outside of Genting's cruise brand portfolio of Dream, Crystal and Star.The keel-laying of the second 208,000 gross ton Global Class ship for Dream Cruises took place December 10 at MV WERFTEN in Rostock.The midship section of the Global Class ship is being produced in Rostock. The transfer of the first 160,000 gross ton midship section for the first Global Class ship – the Global Dream – from Rostock to the covered dock of Wismar was completed only two weeks ago.At 235m long and 20 decks high…

Genting Hong Kong, a member of the Malaysian Genting Group, has reached an agreement to sell a 35% stake in global cruise ship company 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.The consideration for the 35% equity interest is US$489 million, valuing Dream Cruises total equity at US$1,397 million. With assumption of net debt of US$1,871 million, the enterprise value of the transaction is US$3,268 million. The transaction will result in a gain of approximately US$470 million…

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.

Last year Genting Hong Kong acquired shipbuilding capacity in Germany. When and why was the decision made to become a shipbuilder? With the rapid growth of the world cruise industry, especially in China, this has led to cruise ship order book reaching an all-time high, with orders placed as far out as 2026, nearly 10 years from now. In order to ensure that the company can build the required number of cruise ships for three brands in the next decade, it is strategic that we acquired…

Elomatic Ltd and Deltamarin Ltd have signed a tri-party engineering contract with shipbuilder MV Werften for the design of Star Cruises’ new Global Class “mega passenger ship,” which, once completed, will be the largest passenger vessel ever built in Germany. The new cruise liner will measure over 340 meters long, 45 meters wide and have a gross register tonnage of 200,001. The general arrangement plans for the Global Class cruise ships were completed with Foreship Oy (Foreship) in June following Genting Hong Kong’s purchase of the MV Werften shipyards in April.

Genting Hong Kong announced that the three shipyards in the German State of Mecklenburg-Vorpommern bought this April will be named as MV WERFTEN*, be managed in Wismar and will focus on building large new cruise ships. Lloyd Werft located in Bremerhaven and bought last September will focus on its prior business of repairs, conversion and building of megayachts. “To make MV WERFTEN one of the world’s most modern and efficient cruise shipyards, we will invest 100 million euros in a thin plate laser welding line…

At a ceremony at the Port of Miami, talk show host Rosie O'Donnell served as Godmother and christened Norwegian Cruise Line's (NCL) newest ship, Norwegian Pearl. The new 93,530-ton Freestyle Cruising vessel boasts an industry first -- a four-lane ten-pin bowling alley; and two NCL firsts -- a rock-climbing wall and two top-of-the-ship Deluxe Owner's Suites. Norwegian Pearl and included remarks from Star Cruises Chairman Tan Sri KT Lim, NCL Corporation President and CEO Colin Veitch and O'Donnell. Approximately 2,400 guests were in attendance for the ceremony that also commemorated the company's 40th birthday and kicked off a year-long birthday celebration.

NCL America made U.S. maritime history by christening Pride of Hawai'i, the largest and most expensive U.S.-flagged cruise ship in history. The historic presentation of this new U.S.-flagged, U.S.-crewed passenger ship continues NCL America's dynamic revival of the U.S.-flagged cruise industry that had seemingly been extinguished in the aftermath of the 9/11 attacks. At the official christening ceremony at the Port of Los Angeles, Star Cruises Chairman Tan Sri KT LIM and NCL Corporation's President and CEO Colin Veitch were joined by the Honorable Daniel K. Inouye, senior United States Senator from Hawai'i, who sponsored and named the vessel at the pier side event.

At an official ceremony at the Port of Miami, Melania Trump christened NCL's Norwegian Jewel. lounges, three swimming pools and a state-of-the-art spa. Godmother Melania Trump. Isles. restaurants, three swimming pools, a contemporary spa and more. passengers to enjoy. Miami through April 2006.

Star Cruises will add another 2,000-guest purpose-built ship for Freestyle Cruising to the rapidly modernizing Norwegian Cruise Line (NCL) fleet. The yet-to-be-named ship will be delivered in spring of 2004 in time for the summer season. NCL has contracted with Northrop Grumman Ship Systems (NGSS) to buy all of the materials and equipment and the work performed to date on the two "Project America" vessels under construction at Northrop's Ingalls shipyard in Mississippi. The substantially completed hull of the first vessel, plus all of the associated equipment and materials, will be transported to Europe, where work will be completed in one of the major cruise ship building yards. NCL is in advanced discussions with European yards to determine which one will complete the ship.