Oct 14, 2016

    Genting Hong Kong has big dream for shipyard


    GENTING Hong Kong will be investing an additional 160 million euros (S$244 million) in its newly acquired German shipyard MV Werften.

    The company will have pumped in a total of 260 million euros, with the recent additional investment.

    The money will be used to build new large ships.

    Chairman Lim Kok Thay said the investments were needed to stay competitive.

    "It is not surprising that the figure may go up to 300 million euros. We need to equip it with the state-of-the-art technology.

    "We will equip the yard with more robotics," he added, prior to a handover ceremony of its latest cruise ship, Genting Dream.

    The Genting Dream, worth US$1 billion (S$1.4 billion), will focus on the fast-growing Chinese cruise market.

    Mr Lim said Genting Hong Kong hopes to build more ships in partnership with Meyer Werft, despite being seen as a competitor.

    "We can continue to look forward for the baby sister (World Dream) in 12 months time," Mr Lim said, referring to Genting Dream's sister ship.

    Genting Dream will sail from Germany to her home port in Guangzhou, China, via Gibraltar, the Mediterranean Sea, the Suez Canal and the Indian Ocean.

    It will visit India, Singapore, Vietnam and Hong Kong before arriving in Guangzhou on Nov 13.

    Genting Dream will be able to accommodate 3,400 guests in 1,674 staterooms, including the Dream Mansion, an exclusive "ship-within-a-ship" complex featuring two floors of suites with European-style butler service.