Genting Hong Kong, the Hong Kong listed parent company of Crystal Cruises, Dream Cruise and Star Cruises, said it had sold two ships and bareboat chartered them back in deals worth more than $1.2 billion.

The 2017 built Genting Dream of 150,695 gross tons has been sold for $900 million and taken back on a 12 year bareboat charter.

Crystal Endeavor that is under construction at MV Werften in Germany was sold for $388 million and bareboat chartered back. The 19,500 gross ton ship is scheduled for delivery later this year.