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26 September 2020 The on-line newspaper devoted to the world of transports 04:08 GMT+2

August 20, 2020

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Cruise and naval group Genting HK suspends payments to creditors

As of July 31, the group's total debt amounted to 3.37 billion dollars

The Genting Hong Kong group, which operates in the cruise industry star Cruises, Dream Cruises and Crystal Cruises, in naval operations with MV Companies Werften and Lloyd Werft and in the hotel industry, announced the decision to suspend all payments to its creditors including interest and rental instalments, in order to preserve the liquidity needed to keep it running essential services for the group's operations while Genting HK will work to negotiate a comprehensive solution debt restructuring.

Genting HK disclosed that as of 31 July last year, the debt the group's total amounted to USD 3.37 billion.

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