Billionaire Lim Kok Thay Launching Singapore Cruise Liner After Winding Down Hong Kong Operations

Billionaire Lim Kok Thay Launching Singapore Cruise Liner After Winding Down Hong Kong Operations

The Genting Dream cruise ship operated by Genting Hong Kong Ltd., a unit of Genting Bhd., sits ... [+] berthed at the Marina Bay Cruise Center in Singapore, on December 14, 2018. Malaysian billionaire Lim Kok Thay is launching a brand-new cruise line from Singapore just four months after winding down Genting Hong Kong (formerly Star Cruises) as the cruise ship operator ran out of cash during the Covid-19 pandemic which upended the tourism industry. Lim relaunched his cruise line business less than two months after stepping down as chairman and CEO of Genting Hong Kong in late January as the company filed for liquidation. In early March, he incorporated Resorts World Cruises in Singapore to run cruise operations out of the Southeast Asian financial hub. The sole shareholder of Resorts World Cruises is Genting Malaysia Bhd. in which Lim is the chairman, according to regulatory filings. Resorts World Cruises will initially operate one ship, Genting Dream, which will provide cruise to nowhere services from Singapore next month, Bloomberg quoted Michael Goh, the company's president and head of international sales, in a media briefing. Goh was the former president of Dream Cruises, among the companies that went into liquidation after