Genting HK reaches EU83.2m accord for cruise ship works

Genting Hong Kong said one of its units has agreed to buy turnkey systems for new cruise ship vessels from Finnish shipbuilding contractor Almaco Group for a total of EUR83.2 million ($97.1 million).

The works, contracted through Genting’s MVWW unit, are expected to be completed by 2021.

Previously, Almaco has provided galley and pantry systems for Genting ships, as well accommodation and other areas.

“To fulfill the group’s cruise ship fleet expansion strategy, it is necessary for MVWW to procure the required equipment for the building of new vessels by contracting with premium-class suppliers that are more likely to guarantee the supply of high-quality, high-tech systems within an agreed delivery timeframe,” Genting said in a filing with the Hong Kong Stock Exchange.