The two largest cruise ships in the fleet of failed Genting Hong Kong subsidiary Crystal Cruises have been sold for a combined $128m at a Bahamas auction.

Unconfirmed reports have also began to emerge suggesting that Genting’s liquidators have sold Crystal’s 20,500-gt expedition cruise ship Crystal Endeavor (built 2021) to Royal Caribbean Group’s upmarket brand Silversea Cruises.

Industry sources believe the prices obtained for the 68,900-gt Crystal Serenity (built 2003) and 51,000-gt Crystal Symphony (built 1995) indicate a growing confidence in the future prospects of the cruise industry, where until recently ships of their vintage were being sold for further trading at not much more than their scrap value.