Genting Hong Kong is a luxury cruise ship operator who recently announced a plan to invest a large sum of money to upgrade their shipyards, including creating new ships for their fleet. The group plans on spending over EUR 100 million on MV Werften, a shipyard located in Germany.
The focus of the investment will be to build new ships, which should be completed by 2019 and more completed the following year. As part of Malaysia’s Genting, Genting Hong Kong has a heavy focus on cruise passengers of China so the new ships will be created to handle the growing Chinese market.
MV Werften has three shipyards, all of which will be run by Genting HK. Back in September, Genting Hong Kong acquired Lloyd Weft, which will now be used to repair, convert and overall build mega yachts for the luxury cruise group.
Tan Sri Lim Kok Thay, is the Chairman and Chief Executive for Genting Group, who stated that 100 million Euros will be invested in MV Werften to make the shipyard one of the most modern and efficient in the world. The large investment will be used to create a thin plate laser welding line and a cabin module factory. A new section block building hall will be created and have covering as well as new offices for employees as well as executives will be created. The group also plans on modernizing the manufacturing control systems used at the shipyard.
Genting has already been working on creating new ships, having ordered ten new vessels from the Lloyd Werft Group back in May. This order will include Star Cruises receiving two new mega cruise ships and Crystal Cruises having eight vessels added.