The catalyst for Genting Hong Kong’s liquidation filing last month was MV Werften, a German shipyard that the cruise giant bought together with Lloyd Werft in 2015.
MV Werften was building the 201,000-gt Global Dream, the first of two giant cruise ships for Genting’s Dream Cruises brand, when the pandemic hit.
Lengthy lockdowns halted work at its shipyards, causing delays in the delivery of the 20,500-gt polar expedition cruise ship Crystal Endeavor, while construction of the Global Dream fell well behind schedule.
