Dream Cruises' World Dream to cease operations

[Voodooman]

4 hours ago, inlinesix said:

If the cruise owner goes into liquidation, a ticket refund will be ranked together with other liabilities.

Since ticket refund is unsecured, it is likely to be at the bottom.

If that boat is sold, there might be chance that there will be a refund.

Don't think the market for cruise ship is very hot now.  I will be surprised if the ship is not mortgaged. 

[Windwaver]

21 hours ago, Watwheels said:

It seems like some ppl made quite a lot of bookings. If you are one of them. Good luck. I hope you get your deposit s back.

https://www.asiaone.com/singapore/man-fears-losing-6000-deposit-dream-cruises-world-dream-stops-sailing

A man who had plans to sail with Dream Cruises' World Dream now fears losing $6,000 in deposit after the ship ceased operations on Wednesday (March 2).

Speaking to Shin Min Daily News, the 40-year-old said that he had arranged to take his mother and friends on a cruise to nowhere for four days and three nights. The group of 10 were set to depart on March 20, but those plans have gone up in smoke.

I almost booked a trip to celebrate my wife's birthday but she scolded me and want an Ang Bao instead.

Always listen to your wife .

[Windwaver]

6 hours ago, Thaiyotakamli said:

And i doubt ppl will get back their refund unless their real parent company go pay off 

 

maybe they sell the ships but still need pay back the loan and creditors too. Whats left for passengers…

They are last on the list, you say leh? 

[Ody_2004]

An lah An Lah! Bo tai chi ah! Ah Lim to the rescue!

https://www.ggrasia.com/new-lim-cruise-biz-only-months-after-gen-hk-in-liquidation/

[Voodooman]

1 hour ago, Ody_2004 said:

An lah An Lah! Bo tai chi ah! Ah Lim to the rescue!

https://www.ggrasia.com/new-lim-cruise-biz-only-months-after-gen-hk-in-liquidation/

Looks like he might next try to buy some of these cruise vessels (supposed to head for scrapyards) from liquidators at bargain basement prices to restart his cruise business. 

Very shrewd businessman. 

[Ody_2004]

12 minutes ago, Voodooman said:

Looks like he might next try to buy some of these cruise vessels (supposed to head for scrapyards) from liquidators at bargain basement prices to restart his cruise business. 

Very shrewd businessman. 

indeed..

Don think he keen in Crystal as not really a casino mkt.. was watching this just yesterday..