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15-02-2022, 03:52 PM
Genting's unfinished Global Dream cruise ship attracts investors
[BERLIN] Billionaire Lim Kok Thay is among several investors interested in purchasing the Global Dream mega luxury liner that was under construction at Genting Hong Kong's now-insolvent shipbuilder, MV Werften in Germany.
Several serious interested parties are in talks to buy the unfinished ship, said Christoph Morgen, the German court-appointed provisional insolvency administrator for the shipbuilder. Morgen is optimistic a deal could come together, but thinks it won't likely happen before next month because the case is complex, he said at a briefing at the shuttered shipyard in Wismar on Monday (Feb 14).
MV Werften's provisional insolvency in early January proved to be a turning point for Genting Hong Kong, which became the world's biggest cruise operator to seek court assistance to safeguard its assets during the pandemic when it filed a windup petition days later. Genting reported a record loss of US$1.7 billion in May as the pandemic ravaged the cruising industry.
https://www.businesstimes.com.sg/transpo...-investors
[BERLIN] Billionaire Lim Kok Thay is among several investors interested in purchasing the Global Dream mega luxury liner that was under construction at Genting Hong Kong's now-insolvent shipbuilder, MV Werften in Germany.
Several serious interested parties are in talks to buy the unfinished ship, said Christoph Morgen, the German court-appointed provisional insolvency administrator for the shipbuilder. Morgen is optimistic a deal could come together, but thinks it won't likely happen before next month because the case is complex, he said at a briefing at the shuttered shipyard in Wismar on Monday (Feb 14).
MV Werften's provisional insolvency in early January proved to be a turning point for Genting Hong Kong, which became the world's biggest cruise operator to seek court assistance to safeguard its assets during the pandemic when it filed a windup petition days later. Genting reported a record loss of US$1.7 billion in May as the pandemic ravaged the cruising industry.
https://www.businesstimes.com.sg/transpo...-investors
