On 17th September Crystal Cruises’ parent company Genting Hong Kong, entered into an agreement to acquire Lloyd Werft shipyard in Bremerhaven, Germany, in a deal that will see the company invest €17.5 million for 70% of the new shipbuilding business and a 50% ownership of the shipyard’s land.

Under the terms of the agreement, Genting Hong Kong will complete the acquisition of Lloyd Werft subject to the fulfilment of certain final purchase conditions. Crystal Cruises’ new build programme is already centred around the shipyard who will build their Exclusive Class which are polar clas ships.