Having never before boarded a cruise, I have to think the misery of the free options on the Dream was an anomaly in the all-inclusive cruise food world. We use cookies to ensure the best possible use of our website, for web analytics and to tailor content to your interests. The company principally engaged in the operation of passenger cruise ships. 87990cbe856818d5eddac44c7b1cdeb8, Continue reading your article witha WSJ subscription, Already a subscriber? Kevin's Natural Foods specializes in easy-to-prepare meals for individuals with autoimmune diseases, food sensitivities, and/or those who want simple, healthy foods. Didnt the kind of people who paid to be trapped on a boat with that many strangers have any interest in talking to those strangers? Bloomberg Surveillance, covering the latest news in finance, economics and investments. Genting Hong Kong Limited is a holding company that operates cruise and resort businesses. All Rights Reserved. We were all still in our city, it had just shifted in space a bit and downgraded buffets. To them, life on board looked carefree and full of wholesome diversion. Two cruise ships were still in construction before the cruise line's liquidation. [1] [2] [3] [4] It operates its business through the following segments: Cruise & Cruise Related and Other. They did not invite me to sit down, but when I was shocked to see them or anyone sitting at Bubbles on the second night, they vaguely waved me over and sort of invited me to join them at the on-board acrobat show; they left while I was busy writing down notes about how the Bubbles Champagne Bar did not sell Champagne by the glass. Career Lim is the chairman and board executive of Genting Malaysia Berhad & Genting Berhad, also known as Genting Group, a conglomerate active in leisure & hospitality, power generation, oil palm plantations, property development, biotechnology, and oil & gas business activities. The Genting Dream is a traditionally glossy white behemoth, but gets points for flair from a custom paint wrap by the artist Jacky Tsai, best known for designing the floral skull Alexander McQueen made famous in 2008. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. How hard could it be to strike up a conversation with one of thousands of people lilting around the ocean on a floating resort hotel? We drew simultaneous breaths at a suspected good release and groaned in unison as yet another key came within millimeters of a win. . And so it seemed were a lot of other people. It is located across Terminal 3 of Ninoy Aquino International Airport. And so it went. The Times article reporting all those huge losses was headlined: The Cruise Industry Stages a Comeback.. It houses three hotels: Maxims Tower, Marriott Hotel Manila, and Remington Hotel. The next morning, my hopes for a nap-forcingly indulgent staycation hotel breakfast were dashed against rubber-bound shu mai that would have been more at home in a childrens plastic dim sum play set, and scrambled eggs swimming in so much excess liquid I wasnt sure it could be chalked up only to the classic egg cooking issue known as weeping. (If you go on the Dream with emotionally high breakfast expectations, you might want to be prepared for weeping.). Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. By continuing to browse this website, you agree to our use of cookies. It sold its 17% stake for $415 million in 2016 . Theres nothing really for people our age here. I got off at his floor and pressured him to give me his WhatsApp so we could catch up later. Earlier that summer, Hong Kong had loosened and then suddenly re-tightened its travel regulations around COVID, and the city, for all . Lim stepped down as chairman. For lunch, I ate seafood shabu-shabu alone, indoors, at a big round table for six, quietly dunking and swishing my cabbage a few meters away from a series of fully booked teppanyaki counters crowded with people clapping and oohing and aahing and, by comparison, having the times of their lives. The ship maker was building the. Covid-19 Claims a Big Cruise-Line Victim, Genting Hong Kong. Looking up pictures of the ship online, all they could see were multi-story waterslides, a kids arcade, the minigolf course, cinema, pool, and endless buffets. What If We Had a 15-Minute City for Friendship? No matter how much time and money I put into it, I was never going to win that game. Other people lost a lot more money on that boat. Sister firm Genting Malaysia Bhd., which operates the country's casino resort, has invested in Genting Hong Kong before, more than two decades ago. I went with the ol Mind if I ask you a few questions? for a group of coolly aloof 20-somethings on a mid-deck sun-sofa, who told me there was nothing better to do, so they were drinking Champagne at 3 p.m. None had left Hong Kong since around March 2020, and a cruise to nowhere was at least something different, they said. All material subject to strictly enforced copyright laws. Genting announced the introduction of Dream Cruises in November 2015 in Guangzhou as an Asian luxury cruise line. EMIS company profiles are part of a larger information service which combines company, industry and country data and analysis for over 145 emerging markets. Fax : (852) 28650990 / (852) 25296087. Ocean Centre 5 Canton Rd Ste 1501, Tsim Sha Tsui, Hong Kong, Founded in 1993, Genting Hong Kong Limited is a holding company that operates cruise and resort businesses. Genting Hong Kong LimitedA public limited liability companyContinued into BermudaStock No. [20] In addition, Genting Hong Kong announced a 2020 first-half loss of US$742.6 million, more than ten times its 2019 first-half loss of US$56.5 million. Language links are at the top of the page across from the title. Genting Hong Kong is the parent company of U.S.-based Crystal Cruises, which resumed operations in the summer of 2021, as well as Dream Cruises, which is operating cruise ships on restricted . I doubt there was anyone on the boat with an extroverted travelers openness to strangers. HONG KONG -- Genting Hong Kong, the cruise line arm of Malaysian tycoon Lim Kok Thay's global gambling empire, plans to file for liquidation on Tuesday in Bermuda. Although she was due to be used as. In February 2022, just a few months after my cruise, Genting really did go bankrupt. [26], On 10 January 2022, following a breakdown in talks between the German government and Genting Hong Kong in obtaining further financial support, MV Werften filed for insolvency, triggering the possibility of cross-defaults on up to $2.8 billion of financial arrangements for the Genting Hong Kong group and precipitating a fall in its share price by more than 50%. The Labor Market Disagrees, San Francisco Isnt Destinedto Be the Next Detroit, Soho HousesArrival Signals Mexico CitysMoment, Stocks Took an 18-Month Round Trip From Tech Bear to AI Bull. The Company also has land-based integrated leisure and entertainment complex sector. Even with an occasional language barrier, finding people to talk to was not a problem I had anticipated on the cruise. Under the bankruptcy of parent company Genting Hong Kong, Superstar Libra was sold to a greek company and towed to Greece from Germany just weeks ago. After walking past the three cheery greeters in Santa skirts who waved me on board to the unintentionally sad sounds of Paul McCartneys Wonderful Christmastime, I planned to go straight to the Red Lion, a British pub where, according to the website, Chances are youll always find company in this 24-hour popular hangout. It was one floor below Bar City, and sounded like the perfect place to warm up the ole chitchat skills before I made my way to what were billed as the more sophisticated Mixt Cocktail Bar and Bubbles Champagne Bar upstairs. The Cruise & Cruise Related segment operates fleet under the brand name, Star Cruises, in the Asia-Pacific region as an international cruise destination with a combined fleet of 18 ships cruising. You may refer to our Cookie Policy on how to manage your preferences. Get the latest business insights from Dun & Bradstreet. But even as an experienced solo traveler, I wasnt prepared for the unrelenting loneliness on this half-empty, financially-struggling, all-inclusive resort on the ocean. [31][32][33], Dream Cruises was a cruise line owned by Genting Hong Kong. KUALA LUMPUR, May 15 The bankrupt cruise giant Genting Hong Kong is set to be delisted from the Stock Exchange of Hong Kong (HKEX) at 9am tomorrow. Published Jan 13, 2023 12:53 PM by The Maritime Executive. [5], Genting Hong Kong was originally a subsidiary of Genting Group with a 17.8% stake owned by Genting Berhad. The company was founded in September 1993 and is headquartered in Hong Kong. Genting Hong Kong Limited is a holding company that operates cruise and resort businesses. I saw no evidence and heard no mention of a talk-of-the-town epicurean extravaganza at sea.. 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You may refer to our Cookie Policy on how to manage your preferences. Tel : (852) 28628555. On 19 January 2022, the company filed for bankruptcy in the Bermuda Islands. Bloomberg Surveillance, covering the latest news in finance, economics and investments. At night, Jupiter and a bright half moon combined with the Dreams own lights and its ever-trailing brown, wispy cloud of exhaust smoke that blotted out the stars Id been hoping to see once we got out beyond the glow of the coast. The Cruise & Cruise Related segment operates fleet under the brand name, Star Cruises, in the Asia-Pacific region as an international cruise destination with a combined fleet of 18 ships cruising. Abandoned by its parent company Genting Hong Kong Ltd., it leaves a trail of debtto travelers, who'd put down payments and deposits for sailings into 2024; to agents owed commissions; to . If anyone on board later tested positive for COVID, Tracey would have a list of close contacts ready to hand over to the guys in the hazmat suits with the vans. If James Harden trade talks between the Sixers and Clippers eventually fall apart, it might wind up being to the detriment of both teams. Genting Hong Kong Limited, an exempted company continued into Bermuda with limited liability and having its shares listed on The Stock Exchange of Hong Kong Limited and traded on the Quotation and Execution System for Trading of the Singapore Exchange Securities Trading Limited. The Other segment engages in hotel operations. Genting Hong Kong Ltd. operates as an investment holding company, which engages in the business of cruise and cruise related operations and leisure, entertainment and hospitality services. Genting Hong Kong Ltd. operates as cruise line. Genting Hong Kong partnered with Philippines-based Alliance Global Group to establish Resorts World Manila. I had entire sections of the boat to myself often enough that I began to worry no one would notice if I slipped off to join the submarines patrolling the South China Sea beneath the ship. Ashlee Vance explores innovations in new tech, software, engineering, and science in places outside of Silicon Valley. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. The fact that we werent going to be able to get off at some distant port like millions of cruisers before us was beside the point. And so, to answer the question I got no fewer than four times between my arrival at the ferry terminal and dropping my bag in room 9232: I came on the cruise alone, because none of my friends could take off work, and because my wife and I did not want to risk both of us being stuck in weeks of quarantine without our three children or worse, with. This was yet another COVID-era staycation, and we were all basically locals. Amid the Crypto Crackdown? Key Master cost $1.25 a try, and judging by my room bill, I was so close at least 10 times. Athleisure and fitness giant Lululemon Athletica might be booming but there is a crack in the Mirror and the future is uncertain for its premium at-home service. MV Werften, the German shipbuilder that was constructing the vessel, is owned by the holding company Genting Hong Kong. A group of friendly guys complained to me about the buffet food in the first class Palace side of the ship, which was off limits to those of us back in steerage. A beer, some easy conversation, quick laughs, new friends, simple. The firm, which has offered "seacations . Arrive Recommerce hopes to help retailers resell returned products, helping them save money and keep merchandise out of the dump. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Its bad. My cold heart warmed. Genting Hong Kong is a leading corporation, principally engaged in the business of cruise and cruise related operations along with leisure, entertainment and hospitality activities. With the exception of a small cigar lounge, there were no doors or walls in Bar City. It was headquartered in Ocean Centre [ zh; zh-yue] (), Tsim Sha Tsui, Hong Kong [1] and listed on the Hong Kong Stock Exchange ( SEHK : 678 ). 2008-2023 Sovereign Wealth Fund Institute. SWFI is a minority-owned organization. Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. The bigger concern was getting caught up in a citywide contact-tracing dragnet that sent undefined close contacts of infected persons to Pennys Bay, the citys purpose-built quarantine facility which exists as a kind of medium-security medical prison on the far end of Lantau Islands Fantasy Road, just past its only neighbor, Hong Kong Disney. Annual growth percentages for latest two years in local currency USD. We use cookies to ensure the best possible use of our website, for web analytics and to tailor content to your interests. What they could not see is that by the time my cruise set sail, every person in those pictures would have had in their pocket a US quarter-sized gray dot called Tracey, which tracked our movements around the ship via bluetooth. It was fine too. It debuted in November 2016.[34]. Modest crowds formed around Key Master. Global Wealth Conferences - SWFI Event Series, This is How COVID Crippled Genting Hong Kong. No affiliation or endorsement, express or implied, is provided by their use. And in a city where, thanks to COVID-zero travel policies, going almost anywhere else meant facing a mandatory quarantine of up to 21 days, sealed in a hotel room under threat of arrest, just beyond sight of land may as well have been Nassau or Dubrovnik or the fjords of Norway. Nothing? It was part of the Genting Group, whose chairman Lim Kok Thay was also the chairman and majority shareholder of Genting Hong Kong with 69% ownership of April 2020. Please enter a valid email and try again. Genting Hong Kong was originally a subsidiary of Genting Group [], We'll deliver the most current and interesting sovereign wealth and financial news straight to your inbox. A lovely hex value for a sky, but no gem. 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