Gaming investor Genting Hong Kong has announced an agreement with Finnish marine turnkey company Almaco to supply turnkey works for its under-construction fleet of cruise ships due for completion in 2021.
Under the terms of the agreement, signed by Genting Hong Kong’ wholly-owned German subsidiary MV Werften Wismar GmbH (MVWW), Almaco will provide a range of services for the fleet including cabins, wet units, public spaces, galleys, provision stores, refrigeration machinery and complete living quarters.
The total cost of the works will be HK$759.2 million, to be paid in instalments as certain delivery points are met.
In a filing to the Hong Kong Stock Exchange on Tuesday, Genting Hong Kong said, “To fulfill the group’s cruise ship fleet expansion strategy, it is necessary for MVWW to procure the required equipment for the building of new vessels by contracting with premium-class suppliers that are more likely to guarantee the supply of high-quality, high-tech systems within an agreed delivery timeframe.
“MVWW selected Almaco based on Almaco’s experience as a supplier of turnkey works for the global marine industry as well as its reputation as a supplier with the technical knowledge to design and construct systems complying with the requirements and within the time constraints for the vessels.”
Genting Hong Kong, which is also a joint venture partner in Travellers International Hotel Group – owner of Resorts World Manila – has sold off most of its stake in Norwegian Cruise Line Holdings over the past 12 months in order to invest more heavily in construction of its own casino cruise ships.
The company launched its newest cruise ship, World Dream, in Hong Kong in November 2017.
RelatedPosts
