AD Associates Signs on for Crystal Diamond Class Newbuilds

Crystal Diamond Class

AD Associates has announced their involvement with Crystal Cruises’ new Diamond-class ships.

The Crystal Diamond represents the first ocean-going, newbuild vessel for Crystal Cruises since 2003 and is scheduled to join the luxury fleet in 2022.

The luxury ships will measure approximately 67,000 gross tons and accommodate around 800 guests, with luxury design elements and exceptional amenities in line with Crystal Cruises’ fleet.

A long-standing relationship with Crystal Cruises’ stretching across both newbuilds and refurbishments, positioned London based AD perfectly to lead the initial planning, feasibility studies and concept design, the company said, while also working closely with Crystal Cruises, Genting Hong Kong and MV Werften.

Chris Finch, CEO at AD, said: “As always, we are committed to ensuring we provide unparalleled service to our clients and we are honoured to have been selected to design again for Crystal Cruises.”

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Deltamarin and Elomatic design second Global Class ship

Deltamarin and Elomatic design second Global Class ship

Dream Cruises’ two Global Class ships will be the biggest cruise vessels to be built in Germany to date (Image: MV Werften)

Dream Cruises’ two Global Class ships will be the biggest cruise vessels to be built in Germany to date (Image: MV Werften)

Finland-based construction and engineering companies Deltamarin and Elomatic to provide engineering, design and site services for Dream Cruises’ second Global Class ship.

Both companies were contracted by MV Werften, the Germany-based shipyard owned by Dream Cruises’ parent company, Genting Hong Kong. The contract was signed following their successful collaboration on the first Global Class ship, which is currently under construction at MV Werften.

“We are very happy that MV Werften continues to trust in our expertise and ability to design world-class cruise ships and we look forward to designing the second vessel in this remarkable Global class series,” said Patrik Rautaheimo, Elomatic CEO.

Set to be 342 metres long and more than 46 metres wide, the 204,000gt newbuild has been designed specifically for the Asian market. Onboard features will include a cineplex, Asian and Western spas, shopping facilities, Asian and international dining experiences, fast-food restaurants and a theme park that includes a rollercoaster with virtual reality. There will also be 2,500 cabins that can accommodate up to 5,000 passengers based on a twin-sharing basis, or up to 9,500 during peak holiday periods.

“We are very proud to continue the strategic partnership with MV Werften,” said Janne Uotila, CEO of Deltamarin. “We look forward to further developing the cooperation with the yard, providing it with excellent services and helping it execute Genting’s extensive newbuilding programme.”

Genting Hong Kong Reports 2017; Outlines Future Strategy

Double Star Call

Genting Hong Kong has reported a segment loss of $186 million on revenues of $1.1 billion for its cruise operations for the year ended Dec. 31, 2017, compared a loss of $106 million on revenues of $908 million for the previous year. Genting owns and operates Dream Cruises, Crystal Cruises and Star Cruises.

Overall Genting posted a loss of $244 million on revenues of $1.2 billion for 2017, compared a to a loss of $504 million on revenues of $1.0 billion for 2016. This includes profit or loss contributions from its shipyards and joint ventures.

For its cruise operations, Genting said in its year-end report that passenger ticket revenue and onboard revenue increased significantly in 2017 mainly to the full year’s service of the Genting Dream and the Crystal Mozart, as well as the launch of the World Dream. Crystal Bach and Crystal Mahler during the year.

Depreciation of the new Dream and Crystal vessels and start-up costs for the new Crystal river ships resulted in the segment loss, according to Genting.

Shipyard operations also posted a segment loss.

For 2017, passenger ticket revenue was $728.3 million or $197.26 per passenger cruise day. Onboard spending was $287.7 million or $77.92 per passenger day.

For 2016, the passenger ticket revenue was $625.4 million or $213.99 per passenger cruise day. Onboard spending was $96.73.

With Dream and Star operating in Asia, Genting stated that Asia generated approximately 68 percent of its cruise revenues in 2017, 30.4 percent came from Europe and 1.6 percent from “other.” In 2016, Asia generated 56.2 percent of the revenues, Europe 42.3 percent and 1.5 percent came from “other.”

While Dream Cruises improved its occupancies and yields in the Hong Kong/Guangzhou and Singapore markets, the arrival of new ships was said to have had a negative impact on Star, creating downward pressure on occupancies and yields. This situation is expected to improve, however, as other brands are reducing their capacity in the market.

Crystal is also seeing more competition with competing brands launching new ships, according to Genting.

Overall, the three brands had a 77.2 percent occupancy in 2017, compared to 81.7 percent in 2016.

The two-ship Dream Cruises fleet, which launched service with the first ship in 2016, will see two more global-class ships join in 2020 and 2021. Plans call for them to sail from Shanghai and Tianjin during the summer months and Australia, New Zealand, California and the ASEAN region during the winter months. The brand is being tagged as “Asia’s Global Cruise Line” by Genting, which also said it will have the youngest fleet in the world.

Star Cruises will continue to sail from China, Taiwan, Malaysia.

Crystal Cruises two ocean-going ships are being extensively renovated. The river fleet will grow to five vessels in 2018, and the yacht expedition segment will grow from one to two ships, with the introduction of Crystal Endeavor in 2020. Furthermore, Genting said that a new class of ocean ships are being designed for Crystal’s fleet to provide more itineraries and reach better economies of scale.