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25 September 2022 The on-line newspaper devoted to the world of transports 12:48 GMT+2

September 13, 2022

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Original news
MW Werften will complete the construction of the Global Dream and plans to build the second cruise ship class "Global"

Increasingly likely to be used by ships of Resorts World, the company he will inherit genting HK's cruise business

There are those who envisaged the imminent sending to the demolition. There are others that provided for the sale to the enchantment. Instead, the construction of the Global Dream, the first "Global" class cruise ship in preparation in the shipyard of the German MV Werften, the navalmeccanica company currently managed by the curator bankrupt Christoph Morgen of Brinkmann & Partner who is was involved in the bankruptcy of the parent company Genting in Hong Kong who had commissioned his German plant to carry out the construction of the ship. Indeed, the shipbuilding company has intention to bring to a successful conclusion also the financing of the second naval unit of the class to realize it and complete it in 2024.

The intention to proceed with the construction of the second ship is was announced today by MV Werften on the occasion of the communication the appointment of the new supervisory board of the holding. The composition of the supervisory board suggests that the Genting HK group can rise from its ashes, or at least one part, as already envisaged, that active in the field of cruises could come back to life and could do so starting right from the Global Dream and maybe even from the second ship of the same class, unit of 208 thousand tons of gross tonnage, long 342 meters, 46.4 meters wide and able to accommodate five thousand passengers.

The managerial guide of MV Werften, in fact, was entrusted to a team that, to assist the action of the new Managing Director Carsten J. Haake succeeded Peter Fetten, sees the entry of Colin Au, former president and deputy administrator delegate of Genting Hong Kong, by Gustaf Grönberg, former deputy Executive Chairman of marine operations and Newbuilding by Genting HK itself, and peter Andersson, conductor operational of MV Werften. To leave no room for doubt, in the Communication highlights that "Genting's clear commitment Hong Kong aimed at the future success of MV Werften is reflected in these appointments and in the last five years all the directors are were extensively involved in the construction of new ships."

In addition, the new supervisory board of MV Werften is chaired by Joachim Hagemann and composed of Tan Sri Lim Kok Thay, former chairman and CEO of Genting Hong Kong, Chris Chan, former chief financial officer of Genting HK, and Mona Lai, former general counsel of Genting HK, as well as two employee representatives of the premises of each shipyard of the group.

It looms as increasingly likely, therefore, the acquisition of Global Dream by Resorts World Inc., the Singaporean company that is precisely the Arab phoenix resurrected from Genting Hong Kong whose capital is 50% held indirectly by Tan Sri Lim Kok Thay and the remaining 50% by Genting Berhad, a listed company to the Malaysian Stock Exchange which sees over 30% of its capital in the hands of Tan Sri Lim Kok Thay himself. Today, in fact, Genting Hong Kong has announced that it has been completed, through the Star Market, the sale for 3.5 million dollars of its wholly owned subsidiary Star Cruises Asia Holding at Resorts World. Star Cruises Asia, based in Bermuda, is the company to which the main activities were headed Cruises of Genting Hong Kong.

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