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Genting HK set to invest €100m in German shipyard

11 Jul 2016
Genting Hong Kong Lt has announced it will invest €100 million in its German shipyard, MV Werften to focus on building new large ships. 

The shipyard will deliver four luxury Crystal River ships in 2017 which is the first of a series of 20,000 gross ton Crystal Endeavour Class polar expedition yachts in 2018. 

“To make MV Werften into one of the world’s most modern and efficient cruise shipyards, we will invest 100 million euros in a thin plate laser welding line, a cabin module factory, a new covered section block building hall, the modernization of manufacturing control systems and new executive and employee offices and facilities,” said Genting Group chairman and chief executive, Tan Sri Lim Kok Thay. 

“We have hired and are still hiring more people with cruise shipbuilding experience who, with the current workforce, will make MV Werften one of the most efficient and innovative cruise shipbuilders in Europe,” he added. 

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