Genting’s cruise ship “Global Dream” under construction at MV Werften shipyard in Wismar, Germany, on January 7, 2022. Photo: AP
Genting’s cruise ship “Global Dream” under construction at MV Werften shipyard in Wismar, Germany, on January 7, 2022. Photo: AP

Genting Hong Kong faces demand on US$2.78 billion of debt as the bankruptcy of its MV Werften shipyard in Germany triggers cross default

  • Genting Hong Kong’s MV Werften shipyard in Germany filed for insolvency on Monday as it ran out of cash during the construction of the Global Dream cruise ship
  • A €600 million (US$678 million) bailout by the German government that required Genting putting up 10 per cent of the capital fell through

Topic |   Luxury cruises
Genting’s cruise ship “Global Dream” under construction at MV Werften shipyard in Wismar, Germany, on January 7, 2022. Photo: AP
Genting’s cruise ship “Global Dream” under construction at MV Werften shipyard in Wismar, Germany, on January 7, 2022. Photo: AP
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