Crystal Cruises changes hands for £355m with a promise of something special
Crystal Cruises is changing hands, with its new owners promising to build a new ship that will exceed any other vessel in the global cruise industry.
Nippon Yusen Kabushiki Kaisha, Crystal Cruises’ parent company since its inception in 1988, today announced it has agreed to sell the line to Genting Hong Kong for $550m (£355m) in cash.
The change of ownership is expected to be completed by the middle of the year.
A ground-breaking new ship will be joining Crystal Serenity (above) and Crystal Symphony in the fleet
Crystal’s fleet currently features Crystal Symphony and Crystal Serenity, but GHK, using its financial strength and expertise in ship design, is to expand the fleet with with a new ship, claiming it will elevate the standard of luxury cruising and luxury cruise ships.
“After 25 successful years with NYK, we are excited to have Genting Hong Kong as the new owner of Crystal Cruises,” said Edie Rodriguez (right), President of Crystal Cruises.
“The proposed expansion of our fleet will present our loyal Crystal Society members and new luxury cruise guests with more itinerary options, accommodation choices and exceptional vacation experiences, as we continue to position Crystal as the innovative leader in global luxury cruising.”
Tan Sri Lim Kok Thay, chairman and acting president of GHK, said: “Genting will provide financial resources and proven expertise in innovative ship design to build a new ship that will set the highest standard in luxury cruise ships.
“This new ship, together with Crystal’s legendary six-star service, will reinforce Crystal Cruises’ reputation as the world’s leading luxury cruise line for decades to come.”
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