Genting’s Crystal Cruises suspends operations

Crystal Cruises has suspended operations for its Ocean and Expedition ships through April 29 and its River cruises until the end of May.

Hong Kong.- Crystal Cruises, part of the casino cruise ship group Genting Hong Kong, has suspended the operations of its Ocean and Expedition ships. The move comes after Genting Hong Kong confirmed it had filed for liquidation,

According to the company, suspending operations will provide Crystal’s management team with “an opportunity to evaluate the current state of business and examine various options moving forward.”

Jack Anderson, Crystal’s president, said: “This was an extremely difficult decision but a prudent one given the current business environment and recent developments with our parent company, Genting Hong Kong.”

He added: “Crystal has been synonymous with luxury cruising for more than 30 years and we look forward to welcoming back our valued guests when we resume operations. We wish to thank our guests and travel advisors for their incredible support during these ongoing challenging times.”  

Genting Hong Kong previously said the majority of the company’s existing operations would cease to operate except for cruise lines run by Dream Cruises Holding Limited, which would continue “to preserve and protect the core assets and maintain the value of the Group.”

The company shares plunged 56 per cent after the company’s shipyard in Germany filed for bankruptcy.