February 24, 2024

Star Cruises to acquire Crystal Cruises

Crystal Cruises 68,000 ton Serenity.

In a surprise announcement last week, Nippon Yusen Kaisha (NYK) announced that it had entered into an agreement with Star Cruises owner Genting Hong Kong (GHK), to sell Crystal Cruises to GHK. The sale is expected to close in the second quarter of 2015.

Crystal Cruises was founded by NYK in 1988 and introduced its first ship, the 940-berth Crystal Harmony, now trading as NYK’s Asuka II, in 1990. GHK wholly owns Star Cruises, and has a 25% shareholding in Norwegian Cruise Line, which now also includes Prestige Cruise Holdings.

With the support of GHK, Crystal Cruises’ fleet size will build a third ultra-luxury cruise ship for its top-rated fleet of five-star ships. Crystal’s current fleet consists of the 960-berth Crystal Symphony and 1090-berth Crystal Serenity.

Established in 1993, GHK is part of the Genting Group, a global hospitality and leisure company with business in over twenty countries, including in the United States New York, Florida and Nevada, as well as the nearby Bahamas. GHK is listed on the Hong Kong Stock Exchange and also on the Singapore Stock Exchange.

For more information visit: Crystal

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