Genting Hong Kong reports first quarter results

Published on : Friday, August 18, 2017

gentingGenting Hong Kong saw a loss due to start-up of new brands for the cruise division and investments at the MV Werften Shipyard which readies itself for steel cutting of the 20,000 gross ton  Endeavour Class and the 204,000 gross ton global Class cruise ships in March, 2018.



The total comprehensive income for the first half of 2017 is $165 million with a loss of $203.2 million.


Tan Sri Lim Kok Thay, chairman, Genting Hong Kong said that Genting Dream was well accepted in the market. It was the first new build ship for the Dream brand of Genting Cruises after 20 years.



After six months of startup period Genting Dream achieved profitable standards as compared to the global industry standards in the first seven weeks of the third quarter.


Genting Dream will be replaced by the World Dream this November in the Pearl Delta. Genting Dream will be homeport in Singapore with faster market acceptance as travel agents.



With Genting Dream’s arrival  in Singapore, SuperStar Gemini will move from Singapore to her new homeport in Bangkok, Thailand and with the repositioning of the SuperStar Libra to the homeport in Port Klang.



It is reported that Genting Cruises have the largest passenger capacity, more homeports and destinations than any other cruise brands in Asia.


Colin Au, group president of Genting Hong Kong said that the unavailability of slots for the large cruise ships for the next decade led to the buying of MV Werften shipyards, to build ships for the three cruise brands.



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