Germany shipbuilder MV Werften is to receive a €193m ($228m) bridging loan to help complete a cruiseship for parent Genting Hong Kong.

The cash is coming from Germany's new Economic Stabilisation Fund, set up to help domestic companies during the Covid-19 pandemic.

The yard group said the money will help finish the 20,000-gt Crystal Endeavor for the Genting Group offshoot, and enable it to continue operations until March 2021.