More info here: https://www.maritime-executive.com/article/genting-s-german-shipyards-file-for-bankruptcy Seems to me, on the surface anyway, that Genting is being a bit short sighted by refusing...
Seems to me, on the surface anyway, that Genting is being a bit short sighted by refusing to come up with another €15M to secure a €600M government loan to keep operations going. So now they'll move to insolvency to be bought for pennies on the dollar with two €1.5B ships to the firm that is willing to put up the cash.
More info here: https://www.maritime-executive.com/article/genting-s-german-shipyards-file-for-bankruptcy
Seems to me, on the surface anyway, that Genting is being a bit short sighted by refusing to come up with another €15M to secure a €600M government loan to keep operations going. So now they'll move to insolvency to be bought for pennies on the dollar with two €1.5B ships to the firm that is willing to put up the cash.