In a trading update, Genting said new ship deliveries – including those of Endeavour and Dream Cruises’ Global Dream – would be pushed back "by about a year".
Confirmation came ahead of Genting issuing a first-half profit warning; it expects to post an operating loss in excess of $300 million for the six months to 30 June, and a consolidated net loss of $600 million.
This compares to an operating loss of $38.3 million during H1 2019 and a consolidated net loss of $56.5 million.
Genting said the losses owed to the suspension of its entire cruise business and of shipbuilding operations at Germany’s MV Werften shipyards, owned by Genting.
