Ship sail

Genting Dream Cruise Ship to Begin Voyages from Singapore under New Resorts World Cruises Brand

NOTHING COMPANY ‘NOTHING TO DO’ WITH GENTING HONG KONG

Although the new company took over the Genting Dream ship, it maintains that Resorts World Cruises is separate from Genting Hong Kong.

It is also currently in negotiations with banks and interested parties to obtain two other ships formerly operated by Dream Cruises – Explorer Dream and World Dream.

“The provisional liquidator could not relaunch the brand (Dream Cruises) and so we worked with the Chinese charter companies who own the ship and decided to restart the cruise under the Resorts World brand,” said the CEO of Resort World Cruises. director Colin Au, who previously served as deputy general manager of Genting Hong Kong.

“This new brand has nothing to do with Genting Hong Kong, it’s a new cruise brand,” he added.

Mr Lim and Mr Au both resigned as CEO and Deputy CEO of Genting Hong Kong respectively in January this year after the cruise line filed for liquidation of the business.

Trading in Genting Hong Kong shares has been suspended since Jan. 18 and will remain so until further notice.

In May 2021, Genting Hong Kong, part of the Malaysian Genting Group, recorded a net loss of US$1.7 billion in 2020, amid travel restrictions put in place due to the COVID-19 pandemic. .

“Genting Hong Kong is in provisional liquidation and (Mr. Lim) is not joining any of the companies in provisional liquidation. It is a new cruise liner that is being set up,” Mr. Au reiterated when asked about Mr. Lim’s role in the new company.

Mr. Lim, who is the executive chairman of Resorts World Cruises, owns shares in the new company, Mr. Au said.

“There are many parties who would like to join the company and there are negotiations with them, and so it will be a work in progress in the coming weeks,” Mr. Au said, adding that it should be finalized “in the next weeks”. a few weeks”.

THE LAUNCH OF A NEW CRUISE IS IN “EVERYONE’S OBJECTIVE”

Asked about the timing of the launch of the new ship, which will come about six months after Genting Hong Kong filed for liquidation, Au said it was “everyone’s goal to return to the normal… as fast as possible”. as possible” to protect jobs and help the economy grow.

In response to questions from CNA, a company spokesperson said it had rehired about 1,700 of its former Singapore-based employees. This includes 1,600 former Genting Dream crew members and around 70 former employees of its Singapore office.

In March, The Straits Times reported that at least 60 employees of Genting Hong Kong’s Singapore office had been terminated, without severance pay.

Asked about pay packages for re-employed staff, Mr Goh said it would be “based on experience” and did not divulge further details.

Mr. Au said the launch of the new cruise will also help to boost revenue for the Singapore Cruise Centre.

Noting the strong market appetite for cruises in the region, including Thailand, Malaysia and India, Goh said he was confident that Resorts World Cruises will be able to meet demand.