With parent company Genting Hong Kong in financial dire straits, luxury line Crystal Cruises is suspending operations.
The ocean cruise business will be initially suspended until 29 April, with river cruise vessels laid up until the end of May.
Genting Hong Kong this week announced it will wind up operations, as cash reserves will soon run out and it has not been able to secure funds.
"This was an extremely difficult decision but a prudent one given the current business environment and recent developments with our parent company, Genting Hong Kong," said Jack Anderson, Crystal’s president.
"We look forward to welcoming back our guests when we resume our operations. We wish to thank our guests and travel advisors for their support during these ongoing challenging times."
Genting HK also owns Asia-based cruise brands Star Cruises and Dream Cruises.
"Suspending operations will provide Crystal’s management team with an opportunity to evaluate the current state of business and examine various options," Crystal said.
Crystal’s three ocean ships will complete their current sailings.
The company will offer a full refund for bookings on cancelled cruises.
