The creditors of the collapsed Genting Hong Kong group have decided to permanently shut down Crystal Cruises, the group’s Los Angeles based luxury segment unit, the London based shipping daily Tradewinds reports.

Crew members of board its three ships have received a letter in which the creditors inform them about their decision, the report said. The ships would be managed by the V-Ships group that has its head office in London until a buyer has been found, the report said.

Crystal Cruises was established by the Japanese shipping giant Nippon Yusen Kabushiki Kaisha (NYK) and its commenced operations in 1990. It was sold to Genting Hong Kong bought it in 2016.