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» Cruise Talk   » Cruise Lines   » Who is 'Star Cruises' ?

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Author Topic: Who is 'Star Cruises' ?
Johan
First Class Passenger
Member # 4458

posted 03-06-2005 04:34 PM      Profile for Johan   Email Johan   Send New Private Message      Edit/Delete Post  Reply With Quote 
Perhaps a silly question, but, reading all those confusing posts on the "Norway" and NCL, I was wondering who is its owner.
I know it is Star Cruises, via NCL, but who is 'Star Cruises' ?

Is it, like Carnival, which, thouchg listed on stock exchanges, is very much a family affair, with strong personal influences.

Or is it totally made out of anonymous shareholders, many of them institutional like pensionfunds.

That kind of owners look, imo, much more to the bottomline, and don't let emotions or nostalgia play a role.

After all, if the reports of 'Norway' being sent to Singapore are true, NCL/Star will have three major classic liners idling away on "quays of oblivion" all over the world, and this for over many years all ready.

Something says to me that at the decision making heart of its owners, there is someone who can't decide to really put the stop on them, who is emotionally tied to the concept of a classic liner.

Or is this "psychology of the cold earth" ?

Still, who is 'Star' ?

J


Posts: 1895 | From: Antwerpen, Belgium | Registered: Feb 2004  |  IP: Logged
origo
First Class Passenger
Member # 1852

posted 03-06-2005 06:37 PM      Profile for origo     Send New Private Message      Edit/Delete Post  Reply With Quote 
The by far biggest owner is the Genting group, a Malaysian gambling company.

I don’t think they have any interest in liners. The only reason they bought Independence and United States was to get with of the only ships that could start to trade on the Hawaii route.

I´m sure you never will see them sailing again.

Even if you wanted the new SOLAS will make a renovation of Independence extremely expensive, for example all flame proof isolation has to be changed


Posts: 40 | From: Stockholm, Sweden | Registered: Mar 2001  |  IP: Logged
Waynaro
First Class Passenger
Member # 3484

posted 03-06-2005 06:59 PM      Profile for Waynaro   Email Waynaro   Send New Private Message      Edit/Delete Post  Reply With Quote 
quote:
Originally posted by Johan:

Still, who is 'Star' ?

Hi Johan. Like origo said, Star Cruises is part of the Genting group, a huge Malaysian based resort operator. Star Cruises was founded in 1993 by the Genting group using two Viking Line ferries, the ATHENA and the KALYPSO. They bought out NCL in 1999 or 2000 I believe. Below is a link to Star's and Genting's website.

Star Cruises website
Genting Group

A fleet history of Star Cruises can be found here


Posts: 6108 | From: Vallejo,CA : California Maritime Academy!!! | Registered: Nov 2002  |  IP: Logged

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