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Genting Group to outline 'participation' in Lloyd Werft

Lloyd Werft Bremerhaven
Lloyd Werft announced Malaysia's Genting Group will sign a contract today providing for 'a Genting participation' in the Bremerhaven company.

This follows the July news of Genting Hong Kong's plans to build three ocean-going and two river cruise vessels for Crystal Cruises. 

At the time, there was speculation in the German media that Genting would be taking a stake in the shipyard.

Lloyd Werft on Thursday said successful negotiations with the Genting Group had taken place and information about repercussions of the agreement for the companies concerned, their employees and the Bremerhaven region would be provided late this afternoon at a media briefing in Bremen Town Hall to mark a contract signing.

Attending the briefing will be Mayor Carsten Sieling, Lord Mayor Melf Grantz and Minister for Economic Affairs and Ports Martin Günthner along with Tan Sri KT Lim, chairman of the Genting Group, and Dieter Petram, majority partner of Lloyd Werft Bremerhaven.