Genting Hong Kong (GenHK) has acquired Nordic Yards’ three shipyards in Wismar, Warnemunde and Stralsund, Germany, for the consideration of 230.6 million euros (RM1.04bil). The global leisure, entertainment and hospitality company said in a statement that these purchases, along with that of Lloyd Werft last year (also in Germany), enabled GenHK to realise its global cruise ships fleet strategy over the next decade for its three brands - Crystal Cruises, Dream Cruises, and Star Cruises.
“The rapid growth of the world cruise industry, especially in China, has led to cruise ship order book reaching an all-time high,” said GenHK chairman and chief executive officer Tan Sri Lim Kok Thay.
“In order to ensure that the company can build the required number of cruise ships in the next decade for our global fleet expansion, it is strategic that we acquired shipyards that can build our cruise ships in a timely basis and in a more cost effective manner
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