Genting Hong Kong announced on 25th April that it had completed the acquisition of Nordic Yards’ three shipyards in Wismar, Warnemunde and Stralsund, Germany for the consideration of 230.6 million Euros. The deal will give Genting Hong Kong the core expertise, manpower, fabrication capacity and covered drydocks to build a global cruise fleet for its three brands, Crystal Cruises, dream Cruises and Star Cruises.

The shipyards will begin by building four Crystal river ships scheduled for delivery in 2017 and the Crystal Endeavour, the first purpose- built polar class expedition megayacht for delivery in 2018. The newly acquired yards, together with the previously purchased Lloyd Werft shipyard in Bremerhaven, will be managed as the Lloyd Werft group.

The three newly acquired shipyards, built originally at over one billion Euros, are unique with covered dry-docks and building halls, resulting in high labour productivity and completion quality as cruise ships can be constructed regardless of weather conditions. The Wismar shipyard’s dry-dock measures 340m long and 67m wide and the Warnemunde shipyard’s drydock measures 320m long and 54m wide and are capable of building cruise ships of 200,000gt each, the prevailing size of the new generation of cruise ships currently being ordered. The Stralsund shipyard has covered shipbuilding fabrication halls and a ship lift to launch completed cruise ships and megayachts up to 270m long or about 50,000 gross tons each.