Crystal Cruises’ new adventure ship emerges from the shipyard

Image result for crystal endeavor

The latest Crystal Cruises’ adventure ship Crystal Endeavor has been rolled out of a German shipyard eight months before it is due to enter service.

The 200-passenger polar class expedition vessel touched water for the first time at the MV Werften yard in Stralsund.

The all-suite ship is due to set off on its first cruise from Tokyo on August 10, 2020.

Crystal Endeavor will feature helicopter pads and a submarine capable of carrying seven passengers 980ft underwater.

Other facilities include chef Nobu Matsuhisa’s Umi Uma & Sushi Bar; a spa and fitness centre; mud rooms and a helicopter lounge.

Itineraries are available until early 2023 range from the Arctic, Antarctica and Australia to Africa, Europe and Indonesia.

Crystal Cruises’ president and chief executive Tom Wolber said: “Each milestone marked in the journey to introducing Crystal Endeavor to the world becomes more thrilling, as we know that the most adventurous luxury travellers are eagerly awaiting the unforgettable experiences that lie ahead, just as we are.

Revealed: Global Dream Hull Art

Global Dream

Genting Cruise Lines as unveiled Global Dream’s hull artwork, “A Dream Through Time and Space.”

Shanghai native and London-based Illustrator Shan Jiang were commissioned to create the latest chapter of the Dream Cruises hull art romance for the new 5,000-guest 208,000-ton ship.

Having worked with a variety of notable companies and publications, Shan’s work is strongly influenced by his home city of Shanghai; its skyscrapers and bungalows, contemporary concepts and traditional superstitions and flourishing subcultures, the company said.

The hull art continues the epic journey of the mermaid and the astronaut as they seek to satisfy their boundless curiosity and explore an infinite universe driven by the desire for the extraordinary, the company said, in a statement.

“Embodying the independent and fearless spirit of a new generation of traveller, the two worlds of the mermaid and astronaut blend together, resulting in a new way to explore the seven seas– one that combines age-old maritime tradition with space-age technology,” Dream Cruises announced, in a statement.

Guests at ITB Asia Genting Cruise Lines booth

The dream also confirmed the new ship would visit Singapore in early 2021 on her repositioning cruise from MV Werften.

“Singapore has been an important homeport for Genting Cruise Lines over the last 26 years and we are pleased to announce that Global Dream will celebrate her inaugural arrival in Singapore in Q2 2021 during her relocation cruise from Germany to Asia,” said Kent Zhu, President of Genting Cruise Lines. “We greatly appreciate and look forward to the continued support from the Singapore Tourism Board and our partners from Singapore and across the region.

“Having just celebrated our 25th Anniversary in Singapore last year, we are excited to return with the unveiling of Global Dream’s hull artwork at this year’s ITB Asia in Singapore. As arguably the most identifiable feature of a cruise ship, the hull artwork is another important milestone in the development of any cruise ship and will set the personality of the ship when she launches,” added Zhu. “The new hull artwork provides a fresh take on our beloved mermaid and astronaut characters and captures the adventurous spirit and sense of modernity that will be the hallmarks of Global Dream’s essence.”

Sale and Leaseback Deal for Genting Dream

Genting Dream in Hong Kong

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 $1,180,000,000 according to a filing from Genting.

The agreement also includes a bareboat charter agreement to lease the ship back to Genting for 12 years.

Genting said in a filing that the agreement would provide working capital at reasonable terms that will help it finance its cruise expansion and newbuild program at MV Werften. 

The company will purchase the ship back once the 12-year charter period has ended.

Of note, Genting said the net profit attributable to the Genting Dream in 2017 was $23,010,000 and in 2018, $19,367,000

Earlier this year, Genting also sold a 35 per cent stake in Dream Cruises.