Dream Cruise is Docking In Singapore (World Dream)

wolfberries

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booked a trip after cny. do u all think if i buy insurance now, will it be still covered after the news out already in current situation, if really cant sail?
Going for the cruise next week, would it be affected? Should I buy some travel insurance?

I just bot ntuc insurance today for my end of month DC.
 

Oftheseas

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Genting HK is a separate entity. Just 1 of Lim many many business interests. Liquidation, or chapter 11 etc is all to the interests of the company. Maybe is a good time to offload the shipyard.. Nothing wrong as a whole for rwas rwm rws, US & UK casinos. Have to see what cards they play as it goes.
they sure will make it thru... Is that lousy shipyard that is losing money.. so dump the shipyard and liquidate it and sell off other operations back to genting or new holding company
What makes you think that Genting HK will survive this ?

Did you read their financial reports last year? Do you know their cruise lines are losing more money than the yards in the past 18 months? Do you understand their previous restructuring plan in June 2021 that failed ?

No one wants to buy their 3 German shipyards. No one wants to buy their Crystal Cruise Lines. Do you know the reasons ?
 

wolfberries

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I booked DC via travel agency cos I got credits with them. I emailed them and this is what they replied:

As per checking, it will not affect Singapore dream cruise sailing. Singapore dream cruise to nowhere will operate as usual and good news is they just extended their sailing in Singapore until September 2022😊
 

ceecookie

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Short term operation should be fine but expect cost cutting with immediate effect - food, amenities and staff etc.

It is likely that star cruise and dream cruise will be put up for sale to new owner in long term.

Long term - only cruise line giants like royal Caribbean ltd and carnival plc can survive the covid outbreak with their huge financial chests. :s22:
 

WestGuy

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Depends whether Lim Kok Thay wants to transfer funds from Gentings other groups (which are doing ok) to Genting HK to save Dream Cruises.

I guess their newest ship at MV Werften, Global Dream, will never see the light of day under the Dream Cruises flag
 

Winterdews

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What makes you think that Genting HK will survive this ?

Did you read their financial reports last year? Do you know their cruise lines are losing more money than the yards in the past 18 months? Do you understand their previous restructuring plan in June 2021 that failed ?

No one wants to buy their 3 German shipyards. No one wants to buy their Crystal Cruise Lines. Do you know the reasons ?
They can let the shipyard and crystal cruise fail. But not star cruise & DC. They even specify which liquidator they want. Asian cruises still got great potential How they restructure or find their way out from here soon will know. Most hospitality MNCs also got super lousy reports during covid periods does it means SQ fail? or hertz or cwt all collapse? Whether Genting HK they survive or not is not our concern my point is rwas, DC and star cruise will still remains.
 

Oftheseas

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They can let the shipyard and crystal cruise fail. But not star cruise & DC. They even specify which liquidator they want. Asian cruises still got great potential How they restructure or find their way out from here soon will know. Most hospitality MNCs also got super lousy reports during covid periods does it means SQ fail? or hertz or cwt all collapse? Whether Genting HK they survive or not is not our concern my point is rwas, DC and star cruise will still remains.
They already suspended all their Crystal cruises till Apr/May. More disruption to follow.

All tourism related business are affected and performed badly. But good company survived because of good corporate governance and have access to credit facilities to tie them through. SIA, Royal Caribbean, Banyan Tree, etc.

But not for those companies that cook their books and have dodgy accounting. They will have a hard time disposing/pledging their assets to raise funds !
 

citrus00

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Depends whether Lim Kok Thay wants to transfer funds from Gentings other groups (which are doing ok) to Genting HK to save Dream Cruises.

I guess their newest ship at MV Werften, Global Dream, will never see the light of day under the Dream Cruises flag
Think it’s quite obvious which are his Crown Jewels and which are disposable.
Germans are willing to support with more bailout funds for the global dream but GT HK is unwilling.
 

bigherosg

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Think it’s quite obvious which are his Crown Jewels and which are disposable.
Germans are willing to support with more bailout funds for the global dream but GT HK is unwilling.
The bailout fail becos the Germans change the rules last min n wanted a stake in the company which GT HK refuse
 

citrus00

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gonna go for weekend cruise as palace suite. Let’s see if the quality still maintains from 2021.
 

saladrat

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I am a vendor of DC. Since last week when the news came out my client has not replied to my emails whether about the work or invoice... So... While i really hope for the best I am not sure when the plug will be pulled
 

Taurus66

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I am a vendor of DC. Since last week when the news came out my client has not replied to my emails whether about the work or invoice... So... While i really hope for the best I am not sure when the plug will be pulled
Sorry that I don't believe your message after reading those messages you posted in other topics.
 

vodka_supernova

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Whoa. No itineraries can be found on the dreamcruise website now. Even on RWAS website, cannot book anything. Sigh.
 

bigherosg

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Whoa. No itineraries can be found on the dreamcruise website now. Even on RWAS website, cannot book anything. Sigh.
Jus came back frm a back to back cruise tdy. Everytin seems normal onboard except with some items out of stock. Should be ok for the time being. Met bro cruz onboard, see whether he got anytin to update on sun as he doing 1 wk cruise.
 
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