New Century Cruise Lines to swap old for new

Singaporean company New Century Cruise Lines has permanently retired two of its oldest cruise ships, which have been sitting dormant since the wake of the covid-19 pandemic. 

Sources within the industry said the company is looking to acquire newer, larger replacement vessels, taking advantage of record-low cruiseship asset values. 

The group charters its ships for short-gambling oriented cruises from Singapore to Malaysia. 

(TradeWinds)