{"id":30213,"date":"2022-05-27T05:38:31","date_gmt":"2022-05-27T08:38:31","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=30213"},"modified":"2026-04-23T08:20:16","modified_gmt":"2026-04-23T11:20:16","slug":"two-genting-crystal-cruises-ships-to-be-auctioned-in-the-bahamas","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/two-genting-crystal-cruises-ships-to-be-auctioned-in-the-bahamas","title":{"rendered":"Two Genting Crystal Cruises ships to be auctioned in the Bahamas"},"content":{"rendered":"\n<p>Two of Genting\u2019s Crystal Cruise ships that were seized in the Bahamas will be going up for auction next month.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Hong Kong.- Two ships that belonged to\u00a0<strong>Genting Hong Kong\u2019s<\/strong>\u00a0<strong>Crystal Cruises<\/strong>\u00a0fleet will be auctioned off next month following a decision by the Supreme Court Commercial Division in the Bahamas. Those interested in participating must submit their offer before June 7 and the winning bidder will be notified on June 14.<\/p>\n\n\n\n<p>According to local media, the ships put up for sale are the Crystal Serenity and the Crystal Symphony, hich have been sitting at Freeport in the Bahamas since February. Their value has not been disclosed, although it is estimated that the former could have a commercial value of US$87.4m and the latter US$18.2m.<\/p>\n\n\n\n<p>The specialist media outlet Cruise Hive hinted that one possible interested party in the purchase of both vessels could be the\u00a0former operator of Silverseas, <strong>Manfredi Lefebvre D&#8217;Ovidio<\/strong>. At the moment, it is unknown what will happen to the rest of the cruise ships owned by the company.<\/p>\n\n\n\n<p>In February,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/gentings-crystal-cruises-said-to-be-shutting-us-office\" target=\"_blank\">Crystal Cruises<\/a>\u00a0shut down its US office and laid off staff a month after suspending operations. That was the result of <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-hong-kong-confirms-filing-for-bankruptcy-protection\" target=\"_blank\">Genting Hong Kong<\/a>\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-hong-kong-considers-filing-for-liquidation\" target=\"_blank\">filed for liquidation<\/a>\u00a0after a German court rejected a request to release US$88m in funds for its German shipyard unit MV Werften.<\/p>\n\n\n\n<p>A week ago, it emerged that Genting Group chairman,\u00a0<strong>Lim Kok Thay<\/strong>, launched\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-group-chairman-launches-new-cruise-line-from-singapore\" target=\"_blank\">a new cruise line<\/a>\u00a0from Singapore, which will make its debut on\u00a0<strong>June 15<\/strong>. The new entity \u2013\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/is-genting-planning-to-launch-resorts-world-cruise-operations\" target=\"_blank\">Resorts World Cruises<\/a>\u00a0\u2013 is rehiring about 1,600 people for the cruise business and has rehired about 70 of 100 former sales and marketing teams. <\/p>\n\n\n\n<p>The company is starting out with the cruise ship\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/potential-buyers-emerge-for-genting-hong-kong-global-dream-cruise-ship\" target=\"_blank\">Genting Dream<\/a>, which was formerly part of Genting Hong Kong\u2019s Dream Cruises stable. The company is in talks with banks and other parties to acquire Dream Cruises\u2019 two remaining vessels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two of Genting\u2019s Crystal Cruise ships that were seized in the Bahamas will be going up for auction next month.<\/p>\n","protected":false},"author":176,"featured_media":21187,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Genting Hong Kong's Crystal Cruises ships, Crystal Serenity and Crystal Symphony, are slated for auction in the Bahamas following the company's liquidation. This development stems from Genting Hong Kong's financial distress and a German court's rejection of a critical funding request. Concurrently, Genting Group chairman Lim Kok Thay has launched a new cruise line, Resorts World Cruises, signaling a strategic pivot within the broader Genting conglomerate.","focusai_entities":"Genting, Crystal Cruises, Genting Hong Kong, Supreme Court Commercial Division, Cruise Hive, Silverseas, Manfredi Lefebvre D\u2019Ovidio, MV Werften, Genting Group, Lim Kok Thay, Resorts World Cruises, Dream Cruises","focusai_location":"Bahamas, Hong Kong, Germany, Singapore, Freeport","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.8), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Genting Group Strategy","query":"What are the long-term implications of Genting Hong Kong's liquidation and the launch of Resorts World Cruises for Genting Group's overall capital allocation strategy and its core iGaming and integrated resort verticals?"},{"label":"Asset Valuation Impact","query":"How might the auction results for the Crystal Cruises vessels influence the perceived asset valuations and financial stability of other distressed entities within the broader cruise or hospitality sectors?"}],"footnotes":""},"categories":[157,16338],"tags":[23716],"class_list":["post-30213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-genting-hong-kong"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=30213"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30213\/revisions"}],"predecessor-version":[{"id":30224,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30213\/revisions\/30224"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21187"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=30213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=30213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=30213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}