Tag Archives: Genting Cruise

Genting Files to Wind Up Company, Cash Running Out

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Genting Hong Kong has filed to wind up its company as it warned investors cash would run out by the end of January, as the company said it had exhausted all efforts for fundraising.

Genting said it had  “exhausted all reasonable efforts to negotiate with the relevant counterparties under its financing arrangements.” in a filing on Wednesday.

Genting did stress that certain operations would continue, including Dream Cruises, as it aims to “preserve and protect the core assets and maintain the value of the Group; however, it is anticipated that the majority of the Group’s existing operations will cease to operate.”

Earlier this month, Genting-owned MV Werften filed for insolvency in Germany.

Genting’s winding-up petition and appointment of provisional liquidators will be heard by the Supreme Court of Bermuda on Jan. 20

Hong Kong Bans All Cruises for Next 2 Weeks

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Hong Kong has announced the introduction of new COVID-19 restrictions, which include bans on incoming flights from eight countries, weekend indoor dining, banning of all cruises and more.

The two big cruise lines that operate in Hong Kong have already reacted to the new regulations by cancelling their cruises.

Royal Caribbean Hong Kong has issued an update through their social media channels that said the Jan. 6, Jan. 9, Jan. 12, Jan. 14 and Jan. 17 cruises on the Spectrum of the Seas have all been cancelled due to the authorities’ update.

“We fully expect to welcome back our guests onboard Spectrum’s Jan. 21 cruise,” the cruise line said.

Guests affected by the cancellations are invited to either transfer to a later sailing or apply for a full refund.

Dream Cruises said it’s cancelling all itineraries between Jan. 9 and Jan. 19 due to the government directive.

Affected guests are invited to either transfer, receive a future cruise credit with additional onboard credit or cancel receiving a full monetary refund.

“This cancellation is due to the government’s directive and not as a result of any COVID-19 related incidents on board the ship,” the cruise line said.

Dream Cruises Resumes Service in Singapore

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Dream Cruises has restarted its service in Singapore on Nov. 6, according to the cruise line.

The World Dream has set sail on her two- and three-night Super Seacation itinerary targeted at the Singaporean market.

The ship, which can carry 3,400 passengers, is operating at a reduced capacity of 50 per cent.

According to Dream Cruises, around 1,400 people are on the first resumed voyage.

“It is a great honour for us to continue our long and fruitful partnership with Singapore, which began in 1993, almost 30 years ago,” said Michael Goh, president, Dream Cruises. “We could not have done this alone, and I would like to acknowledge the great support we have received from the Singaporean authorities – and especially the Singapore Tourism Board for their trust and confidence in us.”

Among the experiences available onboard the World Dream’s Super Seacation sailing are theatre shows, virtual reality games, waterslides, and a zip-line suspended 18-decks above the ocean. Every voyage will end with an at-sea laser show, according to the press release.

“The resumption of cruise operations will also see Genting Cruise Lines reinforcing its commitment to reviving sea-faring opportunities in Singapore and cultivating local cruise talents through new employment prospects and educational partnerships that will provide more jobs for Singaporeans, during this difficult pandemic period,” stated the company.

It added that Genting Cruise Lines has completely reexamined its health, hygiene, and operating protocols over the past two months to “ensure the safest environment for everyone on board.”