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Genting Hong Kong
Genting Hong Kong Limited ( zh, 雲頂香港有限公司) was a holding company that operated cruise and resort businesses. It was headquartered in (海洋中心), Tsim Sha Tsui, Hong Kong and listed on the Hong Kong Stock Exchange (). It was part of the Genting Group, whose chairman Lim Kok Thay was also the chairman and majority shareholder of Genting Hong Kong with 69% ownership of April 2020. It also owned the cruise lines Crystal Cruises, Dream Cruises and Star Cruises (collectively Genting Cruise Lines), Resorts World Manila, and the MV Werften and Lloyd Werft shipyards. On 19 January 2022, the company filed for bankruptcy in the Bermuda Islands. After reviewing it's financial conditions, the company filed for liquidation on 18 January 2022. The motion for liquidation was approved by Bermuda's Supreme Court on 7 October 2022. History Genting Hong Kong was originally a subsidiary of Genting Group with a 17.8% stake owned by Genting Berhad. In 10 November 1993, Genting est ...
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Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called ''publicly traded companies''. Public limited companies will also have a separate legal identity. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public limited companies (mostly nationalis ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by ...
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Breakaway-class Cruise Ship
The ''Breakaway'' class is a class of cruise ships owned and operated by Norwegian Cruise Line and Dream Cruises Genting Hong Kong Limited ( zh, 雲頂香港有限公司) was a holding company that operated cruise and resort businesses. It was headquartered in (海洋中心), Tsim Sha Tsui, Hong Kong and listed on the Hong Kong Stock Exchange (). It was p .... This class is an original design, and has two sub-classes. Although most ships of the class have subtle changes between one another, they all have the same general design. The first ship of the class, , launched in 2013. Ships References External links {{Breakaway class Cruise ship classes Norwegian Cruise Line ...
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Genting Dream
''Genting Dream'' is a cruise ship of ''Resorts World Cruises''. The ship has a length of , a width of , a size of , and a top speed of over . The construction of ''Genting Dream'', the first ship of the cruise brand, Dream Cruises, was completed on 12 October 2016, and the vessel sailed from Papenburg, Germany the next day. The ship was originally designed and ordered for Star Cruises, but she was transferred to Dream Cruises during construction. After the liquidation of Dream Cruises parent company, Genting Hong Kong, the vessel was chartered to Resorts World Cruises. History ''Genting Dream'' was ordered as ''Genting World'' in October 2013 for Star Cruises. Construction began on 9 February 2015. In November 2015, she was transferred to sister brand Dream Cruises and on 19 August 2016 she was floated out of dry dock. ''Genting Dream'' was christened in November 2016 in Guangzhou Guangzhou (, ; ; or ; ), also known as Canton () and alternatively romanized as Kwongc ...
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Gross Tonnage
Gross tonnage (GT, G.T. or gt) is a nonlinear measure of a ship's overall internal volume. Gross tonnage is different from gross register tonnage. Neither gross tonnage nor gross register tonnage should be confused with measures of mass or weight such as deadweight tonnage or displacement. Gross tonnage, along with net tonnage, was defined by the ''International Convention on Tonnage Measurement of Ships, 1969'', adopted by the International Maritime Organization (IMO) in 1969, and came into force on 18 July 1982. These two measurements replaced gross register tonnage (GRT) and net register tonnage (NRT). Gross tonnage is calculated based on "the moulded volume of all enclosed spaces of the ship" and is used to determine things such as a ship's manning regulations, safety rules, registration fees, and port dues, whereas the older gross register tonnage is a measure of the volume of only certain enclosed spaces. History The International Convention on Tonnage Measurement o ...
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Guangzhou
Guangzhou (, ; ; or ; ), also known as Canton () and alternatively romanized as Kwongchow or Kwangchow, is the capital and largest city of Guangdong province in southern China. Located on the Pearl River about north-northwest of Hong Kong and north of Macau, Guangzhou has a history of over 2,200 years and was a major terminus of the maritime Silk Road; it continues to serve as a major port and transportation hub as well as being one of China's three largest cities. For a long time, the only Chinese port accessible to most foreign traders, Guangzhou was captured by the British during the First Opium War. No longer enjoying a monopoly after the war, it lost trade to other ports such as Hong Kong and Shanghai, but continued to serve as a major transshipment port. Due to a high urban population and large volumes of port traffic, Guangzhou is classified as a Large-Port Megacity, the largest type of port-city in the world. Due to worldwide travel restrictions at the beginning ...
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Cruise Line
A cruise line is a company that operates cruise ships that operate on ocean or rivers and which markets cruises to the public. Cruise lines are distinct from passenger lines which are primarily concerned with transportation of passengers. Though cruise packages provided by cruise lines vary, there are some features most have in common, such as accommodation, all meals and entertainment. They may include alcohol and shore excursions, sometimes on additional payment. Among cruise lines, some are direct descendants of the traditional passenger lines, while others were founded since the 1960s specifically for cruising. The business has been extremely volatile; the ships are massive capital expenditures with very high operating costs, and a slight dip in bookings can easily put a company out of business. Cruise lines frequently sell, renovate, or simply rename their ships just to keep up with travel trends. A wave of failures and consolidations in the 1990s has led to many companies b ...
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Cruise Ship
Cruise ships are large passenger ships used mainly for vacationing. Unlike ocean liners, which are used for transport, cruise ships typically embark on round-trip voyages to various ports-of-call, where passengers may go on tours known as "shore excursions". On "cruises to nowhere" or "nowhere voyages", cruise ships make two- to three-night round trips without visiting any ports of call.Compare: Modern cruise ships tend to have less hull strength, speed, and agility compared to ocean liners. However, they have added amenities to cater to water tourists, with recent vessels being described as "balcony-laden floating condominiums". As of December 2018, there were 314 cruise ships operating worldwide, with a combined capacity of 537,000 passengers. Cruising has become a major part of the tourism industry, with an estimated market of $29.4 billion per year, and over 19 million passengers carried worldwide annually . The industry's rapid growth saw nine or more ne ...
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Tan Sri
The Malay language has a complex system of styles, titles and honorifics which are used extensively in Brunei, Indonesia, Malaysia, Singapore, and the southern Philippines. Brunei, Malaysia, Singapore and several provinces in Indonesia regularly award honorary and life titles. What follows in this article is specific to the Malaysian system. References to Brunei and Indonesia are given when pertinent. In Malaysia, all non-hereditary titles can be granted to both men and women. Every title has a form which can be used by the wife of the title holder. This form is not used by the husband of a titled woman; such a woman will bear a title which is the same as a titled man. Former use Singapore, whose Malay royalty was abolished by the British colonial government in 1891, has adopted civic titles for its leaders. The Philippines historically used Malay titles during its pre-Hispanic period (especially under Bruneian influence), as evidenced by the titles of historical figur ...
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The Straits Times
''The Straits Times'' is an English-language daily broadsheet newspaper based in Singapore and currently owned by SPH Media Trust (previously Singapore Press Holdings). ''The Sunday Times'' is its Sunday edition. The newspaper was established on 15 July 1845 as ''The Straits Times and Singapore Journal of Commerce''. ''The Straits Times'' is considered a newspaper of record for Singapore. The print and digital editions of ''The Straits Times'' and ''The Sunday Times'' have a daily average circulation of 364,134 and 364,849 respectively in 2017, as audited by Audit Bureau of Circulations Singapore. Myanmar and Brunei editions are published, with newsprint circulations of 5,000 and 2,500 respectively. History The original conception for ''The Straits Times'' has been debated by historians of Singapore. Prior to 1845, the only English-language newspaper in Singapore was ''The'' ''Singapore Free Press'', founded by William Napier in 1835. Marterus Thaddeus Apcar, an Armenian ...
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COVID-19 Pandemic
The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identified in an outbreak in the Chinese city of Wuhan in December 2019. Attempts to contain it there failed, allowing the virus to spread to other areas of Asia and later worldwide. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern on 30 January 2020, and a pandemic on 11 March 2020. As of , the pandemic had caused more than cases and confirmed deaths, making it one of the deadliest in history. COVID-19 symptoms range from undetectable to deadly, but most commonly include fever, dry cough, and fatigue. Severe illness is more likely in elderly patients and those with certain underlying medical conditions. COVID-19 transmits when people breathe in air contaminated by droplets ...
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Volkswerft
Volkswerft (german: Volkswerft Stralsund GmbH) is a shipyard in the Hanseatic city of Stralsund on the Strelasund. It is part of the German Hegemann-group. The Volkswerft was founded in 1948 as ''Ingenieurbau Ges.m.b.H.''. On April 25 the first trawler was delivered and on June 15, 1948 the '' VEB Volkswerft Stralsund'' was registered. From 1948 till 1953 the shipyard produced 196 ships, all of them to be used for reparation payments to the Soviet Union. In the following years, the Volkswerft produced trawlers for the Soviet and other fleets. In October 1957, the first ship built for a fleet not pertaining to the Eastern Bloc was delivered to Iceland. In 1973, Lloyd's of London saw the Volkswerft as number one in the production of trawlers worldwide. After 1990, the Volkswerft was privatized two times, first as ''Volkswerft Stralsund GmbH'' becoming part of the Vulkan-Gruppe ( Bremen) in 1993. In 1998 it became part of the Maersk group, Maersk having paid 25 million DM to the ...
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