Crystal Cruises Suspends Operations – NY Morning Star

Crystal Cruises has suspended its operations after experiences that its father or mother firm, Genting Hong Kong, has run out of money.

The cruise line introduced late Wednesday that it was pausing sailings by way of April 29, 2022, for its three ships, Crystal Serenity, Crystal Symphony and Crystal Endeavor.

River cruises, which have been paused for the winter however deliberate to restart in March, are actually on maintain by way of Could.

“This was a particularly troublesome choice however a prudent one given the present enterprise surroundings and up to date developments with our father or mother firm, Genting Hong Kong,” mentioned Crystal Cruises president Jack Anderson.

“Crystal has been synonymous with luxurious cruising for greater than 30 years, and we look ahead to welcoming again our valued friends once we resume operations,” he continued. “We want to thank our friends and journey advisors for his or her unimaginable assist throughout these ongoing difficult occasions.”

Passengers ought to obtain a full refund of the cruise fare paid processed to the unique type of cost.

For individuals who booked with a future cruise credit score, the total worth of the cruise will likely be returned to their Crystal Society account.

Earlier experiences famous that Crystal’s father or mother firm had been struggling after being hammered in the course of the pandemic. Final week, Genting Hong Kong’s MV Werften shipyard in Germany filed for insolvency. Including to its woes, the father or mother of Crystal, Star Cruises and Dream Cruises filed a petition in a Bermuda courtroom that can see provisional liquidators appointed.

In a press release previous to the announcement that Crystal would droop operations, the corporate mentioned: “Sure enterprise actions of the group, together with however not restricted to the operations of cruise strains by Dream Cruises Holding Restricted, shall proceed to be able to protect and defend the core property and preserve the worth of the group, nevertheless it’s anticipated that almost all of the group’s current operations will stop.”