Dream Cruises, beleaguered cruise giant Genting Hong Kong’s Asian cruise brand, will suspend operations from Wednesday 2 March.

The company said that given the absence of sustainable operational income under “current challenging circumstances”, mounting creditor pressure posed an immediate threat to the continued operation of its 150,700-gt World Dream (built 2017).

“In these circumstances, it has become impossible for the company to make further financial commitments necessary to enable the World Dream to continue to operate,” Genting said in a statement posted on the Dream Cruises website.