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Dream Cruises refloats under new brand after calling in administrators over unpaid debts

The Genting Dream has emerged from administration under a new parent brand and is planning to sail again.

Resorts World Cruises will make its ‘debut’ in Singapore on June 15, 2022 with a number of two to three-night getaways until September, and will then start sailing five-night itineraries to Malaysia, Thailand and Indonesia.

Genting Dream was previously sailing under Dream Cruises, which was owned by Genting Cruise Lines. The parent company also owned Star Cruises and the luxury brand Crystal Cruises.

Earlier this year, Genting Cruise Lines went into administration and creditors have already begun the process of selling off assets to cover money owed.

 

Just three weeks ago, scrap buyers purchased a trio of Star Cruises ships which will be recycled in India – bringing to a close one of the most enduring Asian cruise lines.

However, there is a bidding war for the luxurious Crystal Cruises, with former Silversea Cruises boss, Manfredi Lefebvre D’Ovidio eyeing off at least a slice of the newly defunct luxury line.

More than 30,000 creditors reportedly filed claims against the various entities of the line, including customers who are demanding money back from cancelled cruises, agents who are owed commissions and vendors such as fuel suppliers who haven’t been paid.

Currently, the Crystal Serenity and Crystal Symphony are in the Bahamas, the Crystal Endeavor is in Gibraltor and the line’s river ships are parked in the Netherlands.

The Resorts World Cruises brand is an extension of Resorts World, a global brand which also owns casinos in Malaysia and Las Vegas.

“We started our cruise operations 30 years in Singapore and we are excited to again launch the first Resorts World Cruises in Singapore, the first country to re-open cruising in the region. Resorts World Cruises will have its headquarters in Singapore and is committed to making Singapore the leading cruise hub in Asia,” said Tan Sri KT Lim, Executive Chairman of Resorts World Cruises.

“We also appreciate the support and trust of the Chinese leasing banks in allowing Resorts World Cruises to charter the Genting Dream.”

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