This Blog is for New to Cruise and the well Traveled , on this site we will publish information about Cruise and Holiday information, with some insider stories in the travel press.
Thursday, 17 November 2022
Disney Cruise Line has acquired the partially completed ship Global Dream
Sunday, 6 February 2022
Crystal Cruises Ships Arrested in Freeport
The Crystal Serenity and Symphony have docked in Freeport in the Bahamas where both ships have been arrested.
An announcement made to the crew aboard by the captain on the Symphony cited unpaid bills.
The ship arrests will not impact crew movement, according to the announcement, which was obtained by Cruise Industry News.
"Crew sign-offs can still go as planned, and we are still in process of preparing those," the announcement said.
In late January an arrest warrant was issued for the Crystal Symphony by a Miami-based judge with a fuel supplier claiming unpaid bills. The ship has not docked in the U.S. since.
There are no guests on board either ship as Crystal has wound down commercial operations for the time being as parent company Genting Hong Kong struggles with financial issues.
Monday, 24 January 2022
Players in a Likely Crystal Cruises Acquisition
Players in a Likely Crystal Cruises Acquisition
With Crystal Cruises suspending operations through April with owner Genting Hong Kong warning of cash troubles, there is no shortage of speculation of what will happen to one of the key luxury brands in the industry.
According to sources familiar with the situation, Crystal is drawing interest for its brand name, past passenger list of wealthy American clients, its new 200-guest expedition ship and fleet of river ships. Less interesting, according to sources, are the company’s larger ocean-going ships.
Catching up with industry sources, Cruise Industry News put together a list of possible suitors and scenarios.
Potential Players:
- Genting: Could Genting reorganize using bankruptcy protection and continue to operate Crystal? The company could emerge stronger with reduced debt loads, new money and a fresh outlook if a reorganization takes place.
- Lindblad: Lindblad Expeditions and Genting have already been at the negotiating table as Lindblad bought the Crystal Esprit in 2021. Lindblad has been active in the acquisition space, also having bought up complementary companies in recent years. While Crystal’s big ocean-going luxury ships don’t fit the Lindblad product, the river ships, new Endeavor and passenger list could be ideal.
- MSC: MV Werften and a 75 per cent-finished 5,000-gest Global Dream could present an interesting opportunity for fast-growing MSC Cruises. The family-owned company is known to make quick decisions and wants to dominate the cruise industry. Could a shipyard and newbuild designed-for-China give them a platform to accelerate future growth even more? It could prove tempting. The Endeavor would also allow the company to enter the expedition market overnight.
- Carnival/Royal/Norwegian: Could one of the three major players acquire Crystal into their portfolio of brands? It would prevent potential new competition. However, chances are the answer is no, as all three would see significant pushback from the investment community, which is focused on short term financial performance.
- Azamara/Sycamore: After buying Azamara Cruises from Royal Caribbean Group in early 2021, Sycamore Partners, a private equity company, added the fourth ship with the acquisition of the Pacific Princess. It’s no secret in the industry circle they have been looking for more. A new parent company could operate both brands, with a lean shoreside organization, and vessel management from V. Ships Leisure, which is already running the Azamara fleet. It would allow Sycamore to add to its ocean-going capacity while entering the expedition and river markets.
- Ponant: Another small cruise line that has been quickly growing is Ponant. With well-financed French owners, the boutique luxury operator has acquired both Travel Dynamics and Paul Gauguin and introduced a fleet of new ships for the Ponant brand.
- National Investment Fund: It’s not a matter of if, but when, as it relates to a major public investment fund from a Middle Eastern country buying majority control of a cruise line.
- Hotel Chain: The Ritz-Carlton Yacht Collection and Margaritaville enter the cruise industry in 2022. For hotel chains with a fear of missing out, this may be a key opportunity to get into the business.
- New Money: The pandemic has brought new private equity money, hedge funds and new investors into the cruise industry. According to sources, there are still multiple deep-pocketed investors waiting for the right time to buy-in.
- River Operator: The Crystal river ships are said to be drawing interest from a number of existing European river operators.
Sunday, 23 January 2022
Arrest Warrant Issued for Crystal Symphony
Arrest Warrant Issued for Crystal Symphony
The Crystal Cruises saga may just be starting as a Miami court has issued a warrant for the arrest of the Crystal Symphony.
Peninsula Petroleum Far East Pte. Ltd. filed a lawsuit in Miami earlier this week against the Crystal Symphony, Crystal Cruises and Star Cruises for what it says are unpaid fuel bills.
Parent company to Crystal Cruises, Genting Hong Kong, warned earlier this week it would run out of cash by the end of January. Crystal Cruises also announced it would suspend operations through April.
The unpaid fuel on the Crystal Serenity dates back to late 2021, according to the supplier. The filing also claims that Star Cruises has not paid various fuel bills dating back to 2017.
Total claims are $1.2 million against the Crystal Symphony, $2.1 million against Crystal Cruises, and $1.3 million against Star Cruises.
The fuel supplier is asking the court to arrest the vessel to secure payment.
On Thursday United States District Judge Darrin P. Gayles ordered that the court issue a warrant for the arrest of the Symphony.
The ship was set to dock in Miami this weekend but is instead ending its current sailing out of U.S. waters in the Bahamas.
Global Maritime Security has been appointed to oversee the arrest of the vessel.
Friday, 21 August 2020
Crystal Cruises clarifies situation over parent company finances
Crystal Cruises clarifies situation over parent company finances
Crystal Cruises has issued a clarification statement after its Asian-based owner revealed doubts over financial restructuring plans.
Covid-19-hit Genting Hong Kong, which also runs Dream Cruises and Star Cruises, disclosed debts of $3.37 billion as it admitted that a fundraising exercise “may or may not be consummated”.
The luxury line, which has paused sailings for the rest of the year due to the pandemic, said in response: “Crystal’s parent company, Genting Hong Kong, is engaged in a financial restructuring and fundraising exercise to address liquidity issues that resulted from its global fleet not operating because of Covid-19.
“It is important to understand that the company is not going out of business.
“Whatever option our parent company pursues, it will allow Crystal to operate its business.”
The cruise line continued: “Additionally, we have always been committed to honouring our contractual obligations with guests and travel partners, including the processing of refunds.
“While we have extended our suspension of global voyages until the end of the year, we are working with government and health authorities in our key markets to resume sailing when it is safe to do so and we look forward to welcoming our guests back on board at that time.”
Saturday, 28 September 2019
Sale and Leaseback Deal for Genting Dream
Sale and Leaseback Deal for Genting Dream
Wednesday, 7 August 2019
Genting Hong Kong Sells Stake in Dream Cruises
Genting Hong Kong Sells Stake in Dream Cruises
Friday, 11 January 2019
AD Associates Signs on for Crystal Diamond Class Newbuilds
AD Associates Signs on for Crystal Diamond Class Newbuilds
Thursday, 1 November 2018
Deltamarin and Elomatic design second Global Class ship
Deltamarin and Elomatic design second Global Class ship
Finland-based construction and engineering companies Deltamarin and Elomatic to provide engineering, design and site services for Dream Cruises’ second Global Class ship.
Both companies were contracted by MV Werften, the Germany-based shipyard owned by Dream Cruises’ parent company, Genting Hong Kong. The contract was signed following their successful collaboration on the first Global Class ship, which is currently under construction at MV Werften.
“We are very happy that MV Werften continues to trust in our expertise and ability to design world-class cruise ships and we look forward to designing the second vessel in this remarkable Global class series,” said Patrik Rautaheimo, Elomatic CEO.
Set to be 342 metres long and more than 46 metres wide, the 204,000gt newbuild has been designed specifically for the Asian market. Onboard features will include a cineplex, Asian and Western spas, shopping facilities, Asian and international dining experiences, fast-food restaurants and a theme park that includes a rollercoaster with virtual reality. There will also be 2,500 cabins that can accommodate up to 5,000 passengers based on a twin-sharing basis, or up to 9,500 during peak holiday periods.
“We are very proud to continue the strategic partnership with MV Werften,” said Janne Uotila, CEO of Deltamarin. “We look forward to further developing the cooperation with the yard, providing it with excellent services and helping it execute Genting’s extensive newbuilding programme.”
Friday, 30 March 2018
Genting Hong Kong Reports 2017; Outlines Future Strategy
Genting Hong Kong Reports 2017; Outlines Future Strategy
Thursday, 8 March 2018
Dream Cruises to Get 2020 Newbuild, Sail Globally
Dream Cruises to Get 2020 Newbuild, Sail Globally
Tuesday, 3 October 2017
Cruise ship global capacity set to soar
Cruise ship global capacity set to soar
Norwegian Bliss Concept Drawing.
Fincantieri (including Vard) is building 29 of the 75 due for delivery by 2025; Meyer Werft in Germany and Finland is contracted for 17; STX France for 12; and the new grouping owned by Genting Hong Kong, MV Werften, for six. The final 11 are being built by smaller shipyards.
Wednesday, 11 January 2017
MV Werften Orders ABB Kit for Genting Quintet
MV Werften Orders ABB Kit for Genting Quintet
Meyer Werft Lays Keel for Dream Cruises’ New Ship
Meyer Werft Lays Keel for Dream Cruises’ New Ship
Thursday, 22 December 2016
Innovations keep Norwegian sailing as it celebrates 50 years
Innovations keep Norwegian sailing as it celebrates 50 years
Norwegian Cruise Line president and CEO Andy Stuart, second from right, with passengers on a mid-1990s sailing in Hawaii.
The first voyage of Norwegian Caribbean Line (now Norwegian Cruise Line) marked the birth of the regularly scheduled Caribbean leisure cruise.
It was impossible to anticipate the outlines of today's cruise industry in that beginning.
But after that first voyage on Dec. 19, 1966, travelers would begin flocking to the Caribbean, and travel agents would find a new source of income.
"I don't think we would be talking about cruising today like we are had they not had that idea to be in cruising in the Caribbean 50 years ago," said Brad Anderson, co-owner of Avoya Travel.
It daringly bought the liner France for use in the Caribbean in 1979 but floundered until its acquisition in 2000 by what was then Star Cruises, now Genting Hong Kong.
It was the acquisition by an Asian line that led to what travel agents said was the most significant development in Norwegian's history: the advent of Freestyle Cruising on the Norwegian Sky in 2000.
"Freestyle Cruising really was a turning point for [Norwegian]," said Rich Skinner, president of Cruise Holidays of Woodinville, Wash.
Significant milestones in Norwegian Cruise Line history
1979: The France bought and converted to the Norway at a cost of $100 million.
2000: Company acquired by Star Cruises; Freestyle Cruising developed.
2005: Interisland cruises in Hawaii launched by NCL America.
2013: The company, now called Norwegian Cruise Line, goes public.
2014: Regent Seven Seas Cruises and Oceania Cruises join Norwegian under Norwegian Cruise Line Holdings.
After Star Cruises completed its purchase in February 2000, there were immediate discussions about how to differentiate the brand, said Andy Stuart, then Norwegian's vice president of sales, now the line's president and CEO.
Star Cruises chairman KT Lim, having sailed on Western-style cruises in the early 1990s, decided that the rigid, two-seating dining format wouldn't work in Asia because his customers would not show up on schedule, Stuart said.
Star's dining was flexible, and Norwegian studied it and then opted to adopt it as a point of difference for its line.
"The operations team believed they could execute it on the existing fleet," Stuart said. "And then the opportunity was [that] we would have the ability to design ships for it on a go-forward basis."
The idea almost sank at first on the Sky, Stuart said, because no one had prepared the guests.
After a near-riot on the first cruise, Stuart said, guests were given the option of either set dining times or showing up when they liked.
"People started to take advantage of the new freedom and flexibility," he said. "While people I don't think knew Freestyle Cruising was what they wanted, once they were presented with the option, with the right tone, they were thrilled. And so was born the new experience."
Agents said Freestyle is clearly Norwegian's identity now.
Regent Seven Seas to commemorate silver anniversary
Spalding and Rob Clabbers, president of Q Cruises + Travel in Chicago, also cited the creation of the high-end Haven enclave on many Norwegian ships as another milestone.
"It is a popular option for people who want to have a more upscale experience while still enjoying the amenities of a big ship," Clabbers said.
Norwegian's cultivation of cruises in Hawaii, starting in 2005, also stands out to Clabbers.
"It brought us new clients who wanted to explore multiple Hawaiian islands from the convenience of a modern cruise ship," Clabbers said.
While the initial three ships in Hawaii proved too ambitious, Norwegian remains the only major cruise line in the market with the Pride of America.
He cited the Breakaway class of ship as "a demonstrable jump up, and creative on many fronts."
Avoya's Anderson said a largely forgotten milestone for Norwegian was its development of homeports outside of Miami, including Houston where it pioneered "Texaribbean" cruises in 1997, and Seattle, where it based a ship for Alaska cruises for the first time in 2000.
Anderson said his first personal memory of a Norwegian ship came touring the Skyward more than 30 years ago.
"I remember thinking, 'This looks like a lot of fun, and I want to sell more of it,'" Anderson said. "The ship looked gorgeous. Today, obviously, she would look pretty tiny. But back then, 10,000 or 20,000 tons looked pretty big."

