GEORGE TOWN – Competitors stand to benefit from the disruption arising from Genting Hong Kong’s liquidation and the resignation of its chairman and CEO Tan Sri Lim Kok Thay, which led to Star Pisces suspending its three-day trip from here to Langkawi.
The Hong Kong company runs Genting Cruise Lines comprising Star Cruises, among others.
Penang Port Sdn Bhd chief executive officer Datuk V. Sasedharan said other cruise operators, especially those operating on the same route, will definitely take advantage of the suspension of the Genting Cruise Lines.
“We were informed about the Genting Group’s decision about the suspension of the Star Pisces holiday trip from Penang to Langkawi. Genting Cruise Lines is our major cruise operator, and its suspension will definitely affect the vendors, especially the food suppliers to the ship.
“Anyway, we are looking forward for them to quickly resolve their problems and resume their services, which will very much contribute to revive the tourism industry in the country, Star Pisces Penang-Langkawi trips instil confidence among the holiday goers that sailing is safe and there was an overwhelming support when they resumed the trip last December.”
Meanwhile, Malaysian Hotels Association’s Penang chapter chairman K. Raj Kumar said the suspension of Star Pisces operations will have a minimal effect on the hotel industry.
He said many of the travellers return to their homes after the cruise and usually do not check into local hotels.
Earlier, Lim resigned today after the company filed for liquidation of its cruise line last Tuesday in Bermuda.
A statement by the company said Lim’s resignation took effect last Friday.
He also relinquished his posts as executive director, and as a member of the remuneration committee and the nomination committee.
Meanwhile, Au Fook Yew has resigned as deputy CEO, group president, and executive director effective last Friday as well. – The Vibes, January 24, 2022
