Bosses of Crystal Cruises owner quit as liquidators appointed

The chief executive of Crystal Cruises owner Genting Hong Kong has quit along with his deputy.

The resignations followed the company last week filing to be wound up after its German shipbuilding arm fell into insolvency due to the pandemic.

Provisional liquidators were appointed by a Bermuda court last week.

They have been authorised “to exercise the powers to manage the business affairs of the company,” Genting said.

The court approval for liquidators led to the resignation of chairman and chief executive Lim Kok Thay and president and deputy chief executive Au Fook Yew.

The company, which also ran Asian brands Dream Cruises and Star Cruises, “will use its best endeavours to identify suitable candidates to fill the casual vacancies on the board as soon as practicable”.

The developments came as it was reported that Crystal ship Crystal Symphony diverted to the Bahamas to avoid a US arrest warrant over unpaid fuel bills.

The vessel had been due to return to Florida on Saturday after a two-week Caribbean cruise but altered course after a US judge granted an arrest warrant for the ship over a $1.2 million fuel bill.

Passengers were being transferred on a ferry to Fort Lauderdale on Sunday.

Musician Elio Pace told The Independent he had just finished a rehearsal on Friday when when he was informed an arrest warrant had been issued for the ship under admiralty law.

Marine fuel supplier Peninsula Far East filed a lawsuit in a Florida court claiming it was owed $4.6 million by the company, including $1.2 million from Crystal Symphony.

A judge issued the arrest warrant on Thursday, and the ship changed course for the Bahamas the next day.

This followed the luxury line’s president Jack Anderson announcing that Crystal would suspend ocean cruise operations until April 29 and river cruises until the end of May, “given the current business environment and recent developments with our parent company, Genting Hong Kong”.

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