United Kingdom
United States
Asia Pacific
Genting completes takeover of Crystal Cruises
Genting Hong Kong has announced it has completed the acquisition of Crystal Cruises from Nippon Yusen Kabushiki Kaisha (NYK).
The completion of the $550 million deal has sparked a number of executive changes at the cruise line.
Executive Chairman of the Genting Group and a former chairman of Norwegian Cruise Line, Lim Kok Thay becomes chairman of Crystal.
Current Crystal COO Edie Rodriguez becomes the line’s new CEO.
Rodriguez confirmed a third ship will be built but said it would be business as usual for the line.
Planned advertised itineraries through 2018 will not be affected in any way by the change of owners, said Rodriguez.
"Genting Hong Kong is delighted and honored to add Crystal to our global hospitality and leisure brands," added Lim Kok Thay.
"The current management team and crew will continue to lead Crystal’s six-star operation while Genting will provide the financial resources and proven expertise in innovative ship design to deliver a new ultra-luxury ocean vessel by 2018. We look forward to ushering in a new era of luxury cruising with Genting Hong Kong’s support."
Genting Hong Kong also owns Asia cruise line Star Cruises and holds a major shareholding in Norwegian Cruise Line Holdings.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel