Genting Hong Kong, the listed leisure industry company that owns Crystal Cruises and Star cruises, has acquired controlling stake in Lloyd Werft the German cruise ship refurbishment specialist that Genting has chosen to build Crystal’s new ships.
Getting will pay a total of €17.5 million for a 50% stake in Lloyd Werft Investitions- und Wervaltungs GmbH that owns the shipyard’s facilities and site and a 70% stake in Lloyd Werft Bremerhaven AG that operates the shipyard.The sellers are BLG Logistics and the Ehlerding family.
Crystal Cruises will build three 100,000 gross ton top end of the market deep sea cruise vessels and two river yachts at the Bremerhaven based shipyard. The berths at the yard, which currently employs 350 staff and 50 trainees, will be rebuilt at a cost of at €45 million that will be carried out by the State of Bremen.
