Asia’s Only Sailing Cruise Line Is Fully Booked — and in Trouble
- Genting Hong Kong says its Taiwan cruises are at capacity
- Operator stops payment to creditors, seeks debt restructuring
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The Hong Kong-based cruise operator that spooked creditors this week by suspending all payments is still sailing a fully booked ship despite the crippling pandemic, in what may be one bright spot for the beleaguered firm seeking to revamp debt and raise fresh capital.
About a month ago, Genting Hong Kong Ltd. restarted two- and three-day excursions around Taiwan, exclusively for residents of the island that’s seen success in containing the coronavirus outbreak. Genting is the only liner to have resumed operations in Asia among members of the industry’s trade group, according to Cruise Lines International Association.