Genting Cuts Steel for Dream Cruises at Werften
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…
Expedition Cruise Market Powers Ahead
While nothing lasts forever, the cruise industry – and particularly the ‘expedition’ cruise sector – remain on a historic run with no indication of a near-term slowdown.The leisure travel sector, of which expedition cruising is a part, offers numerous possibilities for delivering new “experiences” unlike industrial shipping businesses (or even conventional ferry and passenger transport), which can only grow as fast as the demand in a particular sector.Though there is no precise definition of “expedition”…
Dream Cruises Wins $2.9Bln from KfW IPEX-Bank
KfW IPEX-Bank, leading a consortium consisting of six international banks, is structuring the financing of two cruise ships for Genting Hong Kong Ltd. and its brand Dream Cruises.The Global Class I and II ships are currently being built in the three shipyards of MV Werften located on the Baltic Coast in the German federal state of Mecklenburg-Western Pomerania.The financing package comprises around EUR 2.6 billion with a total investment volume of just under EUR 3.1 billion.The…
Genting HK Sells Stake in Dream Cruises
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.
Royal Approval for Bolidt Cruise Contract
The installation of decking solutions from Dutch company Bolidt aboard one of the largest cruise ships ever to be built in Germany has received a royal seal of approval, after King Willem-Alexander and Queen Maxima of the Netherlands witnessed a contract signing at the Rostock facilities of yard group MV Werften. The agreement, formalized during a trade delegation visit, provides for Bolidt to supply a total of 17,000m2 of its innovative synthetic systems to the first Global class cruise ship for Hong Kong-based Genting Group’s Dream Cruises…
Dream Cruises Welcomes Third Ship
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…
MV Werften Rolls-out New Production Facility
Hong Kong–German shipbuilding company MV Werften put into operation the laser-hybrid welding line in its new hall 11 for producing panels measuring up to 25 x 16 meters for the Global Class cruise ships.Mecklenburg-Western Pomerania’s Economics Minister Harry Glawe, representatives of Genting Hong Kong, MV Werften , the automation provider Pemamek as well as other project partners were present in the new Hall 11 when the plant produced its first weld seam.“The new plant enables…
Norwegian Marine Tech: In the Driver’s Seat
Earlier this summer Maritime Reporter & Engineering News ventured to Ålesund/Sunnmøre area of western Norway visiting local manufacturers and suppliers serving the global maritime industry and featuring a series of business and technology presentations by leading sector companies including Inmarsat, VARD Group, Ulstein Group, Brunvoll, Ulmatec, Jets, ABB Marine & Ports, Fostech AS and Rolls-Royce Marine. Tom Mulligan reports on new business developments and technology innovations…
Keel Laid for Dream Cruises’ New 204,000 gt Ship
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.
MV WERFTEN Building Accommodation Facility
After six months of construction, shipbuilder MV WERFTEN and Genting Hong Kong, together with companies tied to the project and representatives of the city of Wismar, celebrated a traditional topping-out ceremony at MV WERFTEN's new accommodation facility – the MVW Alter Holzhafen Beherbergungsstätte. Partners and guests of the shipyard will be able to stay in the facility from 2019.MV WERFTEN will be investing just over 10 million euros in the accommodation project, which is designed to host MV WERFTEN's subcontractors…
MV WERFTEN Lays Keel for Crystal Endeavor
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…
German Shipbuilding: A Strong Vessel in a Heavy Sea
While orders for new vessels have continued to decline worldwide in 2017, the situation in the German and European shipbuilding market is different, with an increase of incoming orders. As shipping experts state: “…this is not a trend but a snapshot, but it indicates a high competitiveness of the German shipbuilding industry, particularly on technologically advanced projects.”The global mood barometer of the maritime industry had reached its lowest point in 2016. From the abyss confidence and order have carefully increased…
Simwave Simulator Center Opens in April
With a range of dignitaries in attendance, Simwave will officially open its 5,000-square-meter maritime training center in Barendrecht on April 19. The three hundred guests will take a look behind the scenes at the new location, which houses more than 50 simulators. The center has already been in use for some time now. The 'site acceptance test' was successfully completed on January 29th, in collaboration with the supplier of the simulators, the Norwegian company Kongsberg Digital.
MV WERFTEN Lays Foundation for Accommodation Center
MV WERFTEN, the shipyard group is constructing a special accommodation center for subcontractors and guests at the Alter Holzhafen in Wismar; visitors will be able to spend the night in cruise ship cabins. The new building, which comprises 104 rooms, is scheduled to open by winter 2018-2019. Wismar, March 6, 2018 | Today, MV WERFTEN celebrated the official start of construction on its very own accommodation facility – the MVW Alter Holzhafen Beherbergungsstätte – with a groundbreaking ceremony.
MME Inks Deal to Protect Luxury Cruise Vessels
MME Group has secured multiple orders for solutions that protect the newest generation of luxury cruise vessels built by MV WERFTEN (Germany) against corrosion and marine growth. The yard's "Global Class" and "Endeavor Class" vessels will be outfitted with MME Group's systems. Recently, MME Group inked the deal for the design, supply and commissioning of sacrificial anodes (SA), Impressed Current Cathodic Protection (ICCP) and Impressed Current Anti-Fouling (ICAF) systems for the Endeavor Class luxury expedition yacht (yard number 124) that MV WERFTEN builds for Crystal Cruises.
MV Werften Cuts First Steel for Crystal Endeavor
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…
MV WERFTEN Delivers River Cruise Ship for Crystal
Just a few weeks after delivery of the Crystal Bach, shipbuilder MV WERFTEN has handed over the Crystal Mahler, the second of four Rhine Class ships for client Crystal River Cruises. After the ceremonial change of flags, the ship was christened at the outfitting quay of MV WERFTEN in Wismar. Like its sister vessel, the 135-metre long and 11.4-metre wide river cruise ship was specifically designed for exploring Europe’s rivers. It complies with the highest safety and navigation standards…
New CEO at the Helm of Crystal Cruises
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 Fertigmodule Starts Production
MV WERFTEN Fertigmodule GmbH will supply fully prefabricated state-of-the-art passenger and crew cabins for the ships of the Global and Endeavor Class, with the first ones due as early as spring 2018. With the building of the first reference cabin, MV WERFTEN Fertigmodule GmbH officially started production September 1. Genting Hong Kong Group President Colin Au, Mecklenburg-Vorpommern’s Economics Minister Harry Glawe and numerous representatives of MV WERFTEN attended the landmark occasion.
MV WERFTEN Constructing New Shipbuilding Hall
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.
MV WERFTEN Delivers Its First Newbuild
Shipbuilder MV WERFTEN has completed its first newbuild project, having today delivered Crystal Bach, the first of four new Rhine Class luxury river cruise vessels for Crystal River Cruises. Designed specifically for river cruising in Europe, the 135-meter-long and 11.4-meter-wide Crystal Bach will sail along the Rhine, Danube and Main Rivers through the Netherlands, Belgium, Germany and Switzerland, carrying up to 106 passengers in 55 large suites, all designed to be above the water line with horizontal sliding windows.
ALMACO's CEO is Bullish on Maritime
Where many see challenges, Vilhelm Roberts, CEO and President of ALMACO Group sees opportunity, as his company has carved a niche in providing turnkey accommodation spaces and food handling areas serving the global maritime and offshore markets. He discusses the company’s strategy and future with Maritime Reporter. “We were born global,” said Roberts. The mother company is in Finland, and he leads the company from the company’s office in Florida along with his CFO who is in the office in France.
TMC Compressors Ordered for Star Cruises Newbuilds
Marine compressor supplier TMC Compressors said it has won a contract from shipbuilder MV WERFTEN to supply a complete compressed air system to two new cruise ships the German shipyard group is building for Genting Hong Kong’s Star Cruises. Under the contract, TMC will manufacture and deliver 4 x 85 KW marine compressors as well as 4 x RD600 air driers to each of the two cruise ships. The equipment will be delivered to MV WERFTEN’s yard in Wismar, Germany, where the cruise ships are being built. The contract value is undisclosed.