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The shipyard crisis

Asia’s cruise giant receives payment from Germany

Berlin - Genting Hong Kong, the parent company of Crystal Cruises, Dream Cruises, and Star Cruises has secured a EUR 193 million, or $227 million payment from the German Government to keep its shipyards MV Werften afloat. As the owner of three major cruise lines, a casino in Manila which has been closed down, and MV Werften

The Asian giant

Genting Hong Kong holds first creditors' meeting

Hong Kong - Genting Hong Kong held its first creditors meeting Monday as it pursues a restructuring. Leading up to the virtual meeting, the company paid bank fees that were due last week.Previously, Genting HK reported missing the payment of €3.7m in bank fees relating to newbuilds "Global Dream" and a sister vessel