Independent journal on economy and transport policy
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Genting increases own ability to construction of cruise ships acquiring the German ship yards of Nordic Yards
the plants of Wismar, Warnemünde and Stralsund join to the Lloyd Werft Bremerhaven yard
March 3, 2016
The group Genting Hong Kong has bought the three ship yards of Wismar, Warnemünde (Rostock) and Stralsund of the German group Nordic Yards for a total of 230,6 million euros. Currently in the three plants 1,400 people work. In Germany the group of Hong has a ship yard already, Lloyd Werft Bremerhaven, in which they work some 1.700 people and of which recently Genting has obtained the entire property ( on 18 September and 245November 2015 and January 2016).
Genting Hong Kong has explained that the acquisitions are times to support the increase of own crocieristica activity in the next decade, that is operated with the brand Cruises Star, that is the first crocieristico brand instituted in September 1993 in concomitanza with the constitution of the Genting Hong Kong, with the Crystal Cruises brand, that has been acquired at the beginning last year, and with Dream Cruises, the new brand for which to end 2015 they are emitted regulating in confronts of the German ship yard Meyer Werft for the construction of two cruise ships: the first, the Genting Dream of 150 thousand tons of tonnage that will be able to accommodate 3,360 passengers, will be taken in delivery the next autumn for being used in Asia being based on the three home port Chinese of Guangzhou, Hong Kong and Sanya; the second one will be taken in delivery a year after, to November 2017, and will come also employed it in Asia. Moreover the Genting group possesses a participation pairs to 11.1% in the crocieristica company Norwegian Cruise Line (NCL).
"The fast increase of world-wide the crocieristico field, in particular in China - the managing director of Genting Hong Kong has explained chairman and, Tan Sri Lim Kok Thay - has carried the orderbook of cruise ships to touch an historical peak. In order to do so as that in the course of the next decade the group can construct the necessary number of cruise ships for the widening of our total fleet, he is determining the acquisition of yards that can construct our cruise ships timely and in efficient way from the point of view of the costs".
Genting Hong Kong has emphasized that the three acquired ship yards have of covered dry docks, that they allow to carry out workings with any condition meteorological and afford an elevated level of productivity and quality. In particular, the yard of Wismar has a wide dry dock along 340 meters and 67 meters, the yard of Warnemünde has a wide dry dock along 320 meters and 54 meters, while the plant of Stralsund has a basin ship long lift attendants that allow the launch of cruise ships and megayacht until 270 meters. The three yards have a productive ability anniversary pairs to about 150 thousand tons.
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