Genting HK owned shipyard goes bust

Monday, Jan 10, 2022 0

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.

Most Read

UK Travel industry is left off the Chancellors Christmas List - We speak to UKInbound

KeeToo - A new app for booking experiences in the UK

The New TravelMole & Partner Zone: All About

Tony Evans of TProfile talks through why his company has such an impressive clientele for tech

Phil Dickinson of Qatar Tourism talks over latest plans for tourism, sport events and MKT campaigns

How wide is the choice of accommodation and activities at the Abama Resort Tenerife?

Minister of Tourism for Barbados, Lisa Cummins, talks through post pandemic planning

Apprentices could be in your company plus a government grant to help - We speak to the Mitre Group

We take a tour of European countries with Tours by Locals

A new luxury resort in Mozambique from the Banyan Tree stable We speak to Eduardo Johnston da Silva

Husain AlHashmi of Visit Abu Dhabi talks to TravelMole at WTM21

Xavier Pascuet of Calvia, Mallorca talks through how they are building back better

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari