Upmarket cruise line Crystal Cruises is now in the full control of Asian investment powerhouse Genting Hong Kong after the deal to buy the line from NYK Japan (CW 03 Mar) was formally settled. The total transaction price for the currently two-ship line closed at US$550 million. Promptly upon closure...
Upmarket cruise line Crystal
Cruises is now in the full control
of Asian investment powerhouse
Genting Hong Kong after the deal
to buy the line from NYK Japan
(CW 03 Mar) was formally settled.
The total transaction price for
the currently two-ship line closed
at US$550 million.
Promptly upon closure of
the deal, Genting Hong Kong
implemented a hierarchical
restructure which saw president
& coo Edie Rodriguez promoted
to chief executive officer and
president of Crystal Cruises.
Further promotions saw Genting
Group executive chairman Tan Sri
Lim Kok Thay imposed as Crystal
Cruises chairman, relieving
Nobuyoshi Kuzuya who returns to
an executive position at NYK.
Long-time Crystal Cruises
executive vice-president Thomas
Mazloum will assume Rodriguez’
former post as chief operating
officer for the line.
During the handover, Rodriguez
praised the outgoing owners,
expressing her gratefulness for
their support and leadership.
“We look forward to ushering in
a new era of luxury cruising with
Genting Hong Kong’s support.”
She added that Crystal Cruises
will now eagerly anticipate the
forthcoming arrival of a third
ship, due for delivery in 2018.
