Sale and Leaseback Deal for Genting Dream

Genting Hong Kong has announced that it has entered into a sale and leaseback agreement for the 2016-built Genting Dream. The company has sold the ship for $900 million or 80 per cent of the closing market value (whatever is lower), in a deal involving three Chinese banks. The ship was recently appraised at $1,180,000,000Continue reading “Sale and Leaseback Deal for Genting Dream”

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Genting Hong Kong Sells Stake in Dream Cruises

Genting Hong Kong announced that it has reached a deal to sell a 35 per cent stake in Dream Cruises to Canada‚Äôs 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 fleetContinue reading “Genting Hong Kong Sells Stake in Dream Cruises”

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AD Associates Signs on for Crystal Diamond Class Newbuilds

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 andContinue reading “AD Associates Signs on for Crystal Diamond Class Newbuilds”

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