Crystal Cruises clarifies situation over parent company finances

Celebrate 25 Years With Crystal Cruises | The Cruise Line Blog

Crystal Cruises has issued a clarification statement after its Asian-based owner revealed doubts over financial restructuring plans.

Covid-19-hit Genting Hong Kong, which also runs Dream Cruises and Star Cruises, disclosed debts of $3.37 billion as it admitted that a fundraising exercise “may or may not be consummated”.

The luxury line, which has paused sailings for the rest of the year due to the pandemic, said in response: “Crystal’s parent company, Genting Hong Kong, is engaged in a financial restructuring and fundraising exercise to address liquidity issues that resulted from its global fleet not operating because of Covid-19.

“It is important to understand that the company is not going out of business.

“Whatever option our parent company pursues, it will allow Crystal to operate its business.”

The cruise line continued: “Additionally, we have always been committed to honouring our contractual obligations with guests and travel partners, including the processing of refunds.

“While we have extended our suspension of global voyages until the end of the year, we are working with government and health authorities in our key markets to resume sailing when it is safe to do so and we look forward to welcoming our guests back on board at that time.”

Explorer Dream Debuts With New Look

Explorer Dream

Dream Cruises has a third ship in the Explorer Dream, which debuted back into cruise service with a stunning new livery last week following a huge refurbishment.

The 2,000-guest cruise ship went from Star Cruises as the SuperStar Virgo to Dream Cruises, Asia’s only premium cruise brand.

Explorer Dream

A summer season sailing from Shanghai and Tianjin is scheduled for the ship, followed by a winter in Australia and New Zealand.

Among major changes to the ship was the installation of an exhaust gas scrubber, and the Palace, Dream’s ship-within-a-ship suite concept.

Explorer Dream

The new hull artwork by New York-based, Chinese artist, Kuri Huang continues the brand’s signature mermaid brand icon as the hull painting beckons viewers to ride upon “Waves of Dreams” in a whimsical and colorful ode to exploration and discovery, the company said.

Chinese designer Grace Chen will christen the ship in April in Shanghai.

Star to Build Up Home porting Operation in Qingdao

SuperStar Aquarius

Star Cruises marked the inaugural sailing of the SuperStar Aquarius from her new Qingdao homeport earlier this week, and also announced the SuperStar Virgo would homeport in Qingdao starting in November.

Ang Moo Lim, President of Star Cruises said: “Back in 2002, Star Cruises had the privilege to pioneer Qingdao’s cruise industry development with the deployments of SuperStar Gemini and SuperStar Capricorn to this beautiful port city. As we celebrate the inaugural sailing of SuperStar Aquarius in Qingdao, Star Cruises has officially set a new record number of homeport deployments by the same brand in Qingdao.

“Furthermore, to demonstrate the company’s commitment and dedication to the development of the Qingdao market, Star Cruises will deploy the SuperStar Virgo to homeport here in the autumn, making Star Cruises the only cruise line in history to have two cruise ships homeport in Qingdao in the same year. Star Cruises will also likely become the International cruise line with the highest number of homeport deployments in Qingdao this year.”

The SuperStar Aquarius will sail from Qingdao this summer to Japan, stopping in multiple ports including Nagasaki, Fukuoka, Sasebo and Beppu.