Genting HK owned shipyard goes bust
Genting Hong Kong owned German shipbuilder MV Werften has become insolvent with nearly 2,000 jobs at risk.
Germany blamed Genting as it turned down an aid package offered by Germany’s federal government, Economy Minister Robert Habeck said.
The MV Werften shipyard is based in the state of Mecklenburg-Western Pomerania.
Trading of Genting Hong Kong’s shares were suspended on Friday at the company’s request.
Genting Hong Kong is the parent of luxury line Crystal Cruises, as well as Asia based Dream Cruises and Star Cruises.
The shipyard was constructing a new mega cruise liner for Dream Cruises, which has been delayed by pandemic curbs and financial constraints.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.































CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
Air Mauritius reduces frequencies to Europe and Asia for the holiday season