Star Cruises parent company orders US$960 million ship

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Owner of Star Cruises orders US$960 million ship.

The owner of Star Cruises and the largest shareholder in Norwegian Cruise Line, Genting Hong Kong has ordered a US$960 million cruise ship to meet demand in the Asia market.

Delivery of the 1,682-passenger-cabin cruise ship is expected on 12 October 2016.

It will be used to target growing Asian clientele – particularly markets in Mainland China, Hong Kong and Taiwan.

A company Stock Exchange update read: “The Board believes that the Vessel… will further strengthen the Group’s cruise brand, enable the Group to compete more effectively in the cruise industry, and enable the Group to take advantage of growing demand for cruise business in the Asia Pacific market.”

According to a company Stock Exchange update, a Shipbuilding Contract was placed with a German shipping-yard this month.