US-based luxury cruise operator Crystal Cruises appears to have become the first casualty of Genting Hong Kong's liquidity crunch.

On Wednesday, shortly after Genting filed for liquidation in a Bermuda court, Crystal announced it was suspending all cruise operations, with its ships heading into lay-up once they have completed their current cruises.

A statement posted on Crystal's website described the suspension as a temporary measure, as it intended to return its ocean-going cruise ships to service in late April, with its European river cruise ships set to follow at the end of May.