It’s now official; Genting HK, parent company of Crystal Cruises, has bought Germany’s hugely prolific Lloyd Werft shipyard in a 17.5 million Euro deal that gives the company something like fifty percent of the land area, and a full seventy per cent of any new build business.
The deal is the precursor to the construction by Lloyd Werft of a trio of new, 100,000 ton ice strengthened cruise ships for Crystal itself.
In recent years, the yard has been instrumental in either building, refitting or lengthening some six cruise ships for Norwegian Cruise Line. Set up as far back as 1857, the yard has a whole slew of building and refitting work to its credit.
Among other things, Lloyd Werft carried out regular refits and periodic overhauls of both the QE2 and the SS. Canberra. And, over the winter of 1979-80, the yard also carried through the ground breaking conversion of the SS. France into the SS. Norway- the first true mega cruise ship.
The acquisition of Lloyd Werft allows obvious synergies in respect of constructing vessels for both Crystal and Norwegian Cruise Line, it’s part partner under the Genting banner.
As ever, stay tuned for updates.