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  1. Ho sells ship to firm with 'cruise empire' dreams

    Posted Mar 02nd 2012, 12:00am

    ... which Ho called the Asia Star, for US$65 million, said company spokesman Cai Yuanyou. The Finland-made ship, originally named the Radisson Diamond, was run by Asia Cruises and remains stationed in Hong Kong. It has 12 decks, 170 guest rooms and can hold 400 people. The new Wenzhou owners renamed the ship China Star. The ship will begin offering a two-day cruise in the coming month, ...

  2. PLAIN sailing

    Posted Sep 14th 2011, 12:00am

    ... Michael Taylor Cruises of four to six nights are proving increasingly popular in the MICE sector. One attraction of short-haul itineraries is that no air travel is required. Cruises also ... northern Europe and the Mediterranean. 'The MICE market has potential to grow as cruises are gradually being recognised by corporate clients as a new travel option,' says Gillian Lam, ...

  3. Star Cruises net loss for quarter doubles on increasing costs

    Posted May 16th 2007, 12:00am by Staff Reporter

    ... Neil Gough Star Cruises, Asia's largest cruise line, said its net loss more than doubled in the first quarter to US$79.4 million, from US$35 million a year earlier, on rising costs. ... as well as an unlucky streak in the casinos on the company's gaming ships in Asia. Star Cruises' US and European subsidiary, NCL Group, said net revenue yield fell 5.3 per cent due ...

  4. Star Cruises charts 40pc capacity increase

    Posted Aug 20th 2007, 12:00am by Sandy Li

    ... Sandy Li Star Cruises, the biggest cruise line operator in Asia, plans to expand passenger capacity by more than 40 per cent in the region by 2010 with a focus on Greater China, after ... and Europe, to US private equity fund Apollo Management for US$1 billion. After the sale, Star Cruises still holds a 50 per cent stake in NCL, which carries a US$2.4 billion debt. Mr Chua said ...

  5. Star Cruises rating downgraded after orders for new ships

    Posted Sep 09th 2006, 12:00am by Staff Reporter

    ... Neil Gough Moody's cites firm's weak earnings and financial profile after it buys two new vessels for HK$14.7b with option for a third Star Cruises, the world's ... with a HK$6.98 billion option for a third. Standard & Poor's put the firm on negative watch. Star Cruises is increasingly taking on debt to renew its fleet with larger, more luxurious vessels ...

  6. Star Cruises dives to US$68.9m loss

    Posted Aug 16th 2006, 12:00am by Staff Reporter

    ... Neil Gough Firm's revenue grows 21pc but takes a hit on fuel costs and accounting losses Star Cruises, the world's third-largest cruise liner behind Carnival and Royal Caribbean, ... routes. While best known locally for its casino cruises in the waters of the South China Sea, Star Cruises, a unit of Malaysia's Genting group, relies on the massive North American leisure ...

  7. Net loss grows at cruise line

    Posted Feb 23rd 2007, 12:00am by Staff Reporter

    ... Staff reporter Star Cruises, the world's third-largest cruise operator, said fourth-quarter net loss widened by almost six times because of an impairment loss and higher interest ... compared with a profit of US$12.6 million a year earlier. Star Cruises, which runs cruise lines under brands such as NCL and SuperStar, booked an impairment of US$30.6 million arising from 'a ...

  8. Star Cruises, Stanley Ho team up on HK$4.7b casino hotel in Macau

    Posted Jan 24th 2007, 12:00am by Staff Reporter

    ... Neil Gough Shares in Star Cruises, the world's third-largest cruise line, rose as much as 64.43 per cent yesterday and trading volume surged almost 8,000 per cent after the company unveiled plans for a HK$4.7 billion casino hotel in Macau as part of a partnership with gaming magnate Stanley Ho Hung-sun. Star Cruises yesterday said it would team up with Singapore-listed sister ...

  9. Star Cruises-Genting venture seeks S$3.38b for resort

    Posted Dec 20th 2006, 12:00am by Toh Han Shih

    ... Toh Han Shih A joint venture between Star Cruises and Genting International will seek at least S$3.38 billion (HK$17 billion) in debt from third parties to finance their planned S$5.2 ... financing to the resort in three phases, on December 20, January 3 and January 30 next year, the statement by Hong Kong-listed Star Cruises said. Of the S$1.82 billion financing, Star Cruises ...

  10. Star Cruises to gain HK$410m from sale of Singapore holding

    Posted Mar 29th 2007, 12:00am by Staff Reporter

    ... Neil Gough Star Cruises will book a gain of about HK$410 million from the sale of its stake in a Singapore casino resort project to sister firm Genting International. The Hong Kong-listed ... Star Cruises' capital contribution to the Singapore partnership to date. The deal, which was announced earlier this month, was spurred by Singapore regulators' concern over granting ...




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