Genting Hong Kong takes control of three  further European shipyards

Genting Hong Kong has announced the acquisition of Nordic Yards’ three shipyards in Wismar, Warnemunde and Stralsund, Germany for the consideration of €230.6 million. 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 threeContinue reading “Genting Hong Kong takes control of three  further European shipyards”

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Crystal Cruises parent agrees to buy German shipyard

The parent company of Crystal Cruises has agreed to acquire leading shipyard Lloyd Werft in Bremerhaven, Germany. Global cruise and resort company Genting Hong Kong is to pay €17.5 million for 70% of a new shipbuilding business and a 50% ownership of the shipyard’s land. The company will complete the acquisition of Lloyd Werft subjectContinue reading “Crystal Cruises parent agrees to buy German shipyard”

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Should river lines be worried about Crystal?

By Michelle Baran Throughout the last several years of seemingly unstoppable growth in the river cruise market, ocean cruise lines have resisted getting in on the river action, a segment of the cruise market that, while clearly very popular, represents entirely different economics of scale (in other words, much lower passenger volumes) than ocean cruising. SoContinue reading “Should river lines be worried about Crystal?”

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