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26 January 2020 The on-line newspaper devoted to the world of transports 15:43 GMT+1



December 24, 2019

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Genting HK signs a contract of relative salt and lease back to the new Crystal Endeavor cruise ship

The investment for the construction of the unit piles to 350 million euros

The group Genting Hong Kong, through the society indirectly integrally controlled Crystal Endeavor SAS, has signed a contract with the SNC Endeavor Leasing, French society integrally controlled from the French Cafi Hester and Doumer Finance to they time of entire property of the French financial institution Crédit Agricole, in order to yield them the new Crystal Endeavor cruise ship currently under construction near the German ship yard MV Werften Wismar that takes part of the same group Genting HK. The contract includes an agreement of chartering to bare boat based on which Genting HK will be able to have of the ship, that it will enter to take part of the fleet of its crocieristico brand Crystal Cruises, and an option based on which Genting HK will be able to acquire the SNC Endeavor Leasing.

Moreover the parts have agreed a financing that will be granted by the group Genting HK to the purchasers of the ship in order to finance part of the operation that will have a total value until 350 million euros, pairs to the contractual price of construction of the ship.

In August 2018 MV Werften has set up in own yard of Stralsund the construction of the cruise ship for polar shipments Crystal Endeavor. The new unit, of 20 thousand tons of tonnage, will be long 164 meters and will be able to accommodate 200 passengers and as many members of the crew. The delivery of the ship is previewed in May of the next year.

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