Genting Hong Kong

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Genting Hong Kong
Public company
SEHK678
IndustryTourism, Resorts, Cruise
Founded1993
HeadquartersHong Kong
Brands
ParentGenting Group
Websitehttp://www.gentinghk.com
Genting Hong Kong Limited
Traditional Chinese雲頂香港有限公司
Simplified Chinese云顶香港有限公司

Genting Hong Kong Limited (Chinese: 雲頂香港有限公司) is a holding company that operates cruise and resort businesses. It is a member of the Malaysian Genting Group and 17.8% owned by Genting Berhad.[1] It owns Crystal Cruises, Dream Cruises, Star Cruises, Resorts World Manila, and the Lloyd Werft shipyards.

Its head office is in Suite 1501 of the Ocean Centre (海洋中心) building in Harbour City, Tsim Sha Tsui.[2]

Genting Hong Kong is listed on the Hong Kong Stock Exchange (SEHK678) .

Cruise lines[edit]

Star Cruises was established by Genting in 1993.[3] Genting positions Star Cruises for the "contemporary cruise market".[4]

In 2000, Genting's Star Cruises purchased Miami-based Norwegian Cruise Line, but later sold half of the company to Apollo Management in 2007.[5] A 2013 IPO of Norwegian Cruise Line further reduced Star Cruises' ownership share to 28%.[6]

In 2015, Genting purchased Crystal Cruises,[7] which specializes in the "international luxury cruise market",[4] and a majority stake in Lloyd Werft, a German shipyard that was, as of May 2016, under contract to build 10 ships for Genting-owned cruise lines.[4] In November of that year, Genting announced the introduction of Dream Cruises, an Asian luxury cruise line that will debut in November 2016.[4][8]

In 2016, Genting purchased the remaining 30% of Lloyd Werft,[9] as well as Nordic Yards' Wismar, Warnemunde, and Stralsund shipyards, and combined them to form what was initially called the Lloyd Werft Group.[10] Several months later, the three ex-Nordic Yards facilities were spun out into a separate company, named MV Werften.[11]

Dream Cruises[edit]

Dream Cruises
Public company
IndustryPassenger transportation & Cruises
FoundedNovember 2015
HeadquartersHong Kong, Asia
Area served
Asia Pacific
Key people
Tan Sri Lim Kok Thay, CEO & Chairman
ServicesCruise line
OwnerGenting Hong Kong
ParentGenting Hong Kong
Websitedreamcruiseline.com

Dream Cruises is a cruise line owned by Genting Hong Kong. Genting announced the introduction of Dream Cruises in November 2015 in Guangzhou as an Asian luxury cruise line. It debuted in November 2016.[12]

Fleet[edit]

Current Fleet[edit]
Ship Year built Class Entered service with Dream Cruises Last Refurbishment Gross Tonnage Notes Image
Genting Dream 2016 Breakaway 2016 - 150,695 GT -
Genting Dream at Marina Bay Cruise Centre.jpg
World Dream 2017 Breakaway 2017 - 150,695 GT -
World Dream.jpg
Explorer Dream 1999 Leo 2019 [13] - 75,338 GT Formerly sailed as SuperStar Virgo for Star Cruises.
SuperStar Virgo in Hong Kong 2014.jpg
Future Fleet[edit]
Ship Year built Class Enters service with Dream Cruises Gross Tonnage Notes Image
TBA 2020 Global 2020 (planned) 204,000 Will homeport in Shanghai.[14]
TBA 2021 Global 2021 (planned) 204,000

Resorts[edit]

Genting Hong Kong partnered with Philippines-based Alliance Global Group to establish Resorts World Manila. It is located across Terminal 3 of Ninoy Aquino International Airport. It houses three hotels: Maxims Tower, Marriott Hotel Manila, and Remington Hotel. The Newport Mall is part of this resort and includes the Newport Cinemas and the 1,500-seat Newport Performing Arts Theater.

References[edit]

  1. ^ "Genting Group is Malaysia's leading multinational corporation". genting.com. Archived from the original on 6 December 2012. Retrieved 11 May 2016.
  2. ^ "Contact Us." Genting Hong Kong. Retrieved on 11 September 2017. "Genting Hong Kong Limited Address: Suite 1501, Ocean Centre, 5 Canton Road, Tsimshatsui, Kowloon, Hong Kong " - Address in Traditional Chinese: "香港九龍尖沙咀廣東道5號海洋中心1501室" - Address in Simplified Chinese: "香港九龙尖沙咀广东道5号海洋中心1501室"
  3. ^ "Asia Pacific Cruises | Cruise Company | Star Cruises". www.starcruises.com. Retrieved 2017-07-11.
  4. ^ a b c d "Genting Hong Kong Announces Order of Two "Global Class" Ships for Star Cruises, the Largest to be Built in Germany, for Delivery Between 2019 and 2020" (PDF). Star Cruises. Genting Hong Kong Limited. 10 May 2016. Archived from the original (PDF) on 14 May 2016. Retrieved 11 May 2016.
  5. ^ "Apollo invests $1billion in NCL Corp to take 50% stake". Cruise Business Review. 2007-08-17. Archived from the original on September 29, 2007. Retrieved 2007-08-17.
  6. ^ "Norwegian Cruise Line Holdings Ltd. - Quarterly Report". ncl.com. Retrieved May 11, 2016.
  7. ^ Sloan, Gene (March 3, 2015). "Shake-up in luxury cruising as Crystal gets new owner". USA Today. Retrieved April 12, 2015.
  8. ^ "GENTING HONG KONG LAUNCHES "DREAM CRUISES"– ASIA'S FIRST PREMIUM CRUISE LINE BRAND AND EXPERIENCE". Online Promos (Press release). Star Cruises. 11 November 2015. Retrieved 11 May 2016.
  9. ^ "Genting Hong Kong Takes Remaining Stake in Lloyd Werft". World Maritime News. Retrieved 11 May 2016.
  10. ^ "Aktuelles - Pressemitteilungen - Lloyd Werft Bremerhaven". lloydwerft.com. Archived from the original on 1 June 2016. Retrieved 11 May 2016.
  11. ^ "Genting HK to invest 100m euros in its German shipyard MV Werften". The Star. 11 June 2016. Retrieved 12 March 2018.
  12. ^ "DREAM CRUISES MAKES HISTORY WITH CHRISTENING OF MAIDEN LUXURY CRUISE SHIP IN GUANGZHOU HOMEPORT│Dream Cruises". Dreamcruiseline.com. Retrieved 7 April 2018.
  13. ^ Bond, Mary. "Explorer Dream joins Dream Cruises as brand expands outside of Asia". www.seatrade-cruise.com. Retrieved 2018-12-20.
  14. ^ Mathisen, Monty (2018-10-25). "First Global-Class Ship to Homeport in Shanghai". www.cruiseindustrynews.com. Retrieved 2019-04-07.