Genting contracts Finnish companies for ship design

By
Sharon Singleton
-
Cruise

Genting Hong Kong says one of its wholly owned units has entered into contracts worth EU33.54 million ($38 million) with two Finnish companies for design and site assistance services for a cruise ship that it is building.

Under the accord, Deltamarin receives EU16.52 million and Elomatic Marine Engineering gets EU17.02 million.

The principal business of Deltamarin  is ship design, offshore engineering and construction services for marine and offshore industries worldwide. The principal business of Elomatic Marine is engineering, technical consulting, turnkey solutions and products, software development, project management and product and service development.

Genting said it had contracted the two companies to help it meet its fleet expansion program on time.

SHARE
Previous articleSJM consultant says additional concessions unlikely
Next articlePresenting with strategic partners

Related Articles

Cruise Ships Crisis

Cruise industry struggles with Covid comeback

As the world struggles to get back to its feet, the Covid-19 pandemic has left the cruise community wondering if things will ever get back to the way they were before.

Genting Cruise Lines hiring staff for resumed voyages

Genting Cruise Lines said on Thursday that it is recruiting Singaporeans to work on its ship World Dream, weeks before the commencement of a pilot scheme allowing two cruise lines to resume services with enhanced Covid-19 safety protocols.

Genting HK soothes investor nerves on funding

Genting Hong Kong’s results briefing provided some reassurance that the loss-making company will be able to raise enough funds from the investment community without needing other entities in the group to bail it out.

Genting chairman spending personal wealth to try to save Hong Kong firm

Lim Kok Thay, chairman and CEO of Genting Berhad, is pledging almost his entire stake in troubled cruise ship operator Genting Hong Kong as collateral for loans, according to a report from Bloomberg. Lim’s personal wealth has already declined by more than half since the beginning of the year, according to the report, from about […]

Genting HK calls on creditors not to enforce payment

Genting Hong Kong says it’s suspending payments to financial creditors to preserve liquidity during the crisis and is asking its creditors not to take any enforcement action while it seeks to restructure debt.

Genting HK sets sail, though casino closed

Genting Hong Kong’s Explorer Dream resumed operations over the weekend in Taiwan, with strict Covid-19 safety measures in place, including 22 isolation wards for any passengers who fall ill.

Genting HK projects “major setback” from Covid-19

Genting Hong Kong, as part of its full year 2019, financial report, projected that the sectors it focuses on would suffer a “major setback” as a result of Covid-19. “Hospitality, travel and tourism sector suffered a major setback resulting from widespread travel advisories, temporary closure of cruise ports and suspension of flights as part of […]

Genting HK flags H1 loss, executives waive pay

Genting Hong Kong, a cruise ship operator, says it expects to post an operating loss in the first half despite cost-cutting measures such as senior executives agreeing to forego their salaries until the end of the year. 

Genting raises $453.9m in Dream Cruise stake sale

Genting Hong Kong said it has raised $453.9 million through the sale of a stake in its Dream Cruises unit to help fund the expansion of its cruise business.