History
Star Pisces at Ocean Terminal, Hong Kong harbour
Star Cruises was founded as an associate of the Genting
Group of Malaysia,[1]
incorporated in Bermuda on 10 November 1993 with its corporate
headquarters in Hong Kong.[2]
The company's first ships were two cruiseferries
acquired from the bankrupted estate of Swedish Rederi AB Slite. In the following years the company purchased
several other used ships. In 1998 Star
Cruises took delivery of its first new build, SuperStar Leo, followed by sister ship SuperStar Virgo in 1999.
In the year 2000,
Star Cruises acquired 100 % of Norwegian Cruise Line (including its
subsidiaries Orient Lines and Norwegian Capricorn Line) and
became the first global cruise line. Norwegian Capricorn Line operations
were soon merged into those of Star Cruises. Before the purchase of
NCL, Star Cruises had several new builds either planned or under
construction, but most of these joined the NCL fleet instead of that of
Star Cruises. In August 2007 Star announced that in exchange for $ 1bn
(US) that 50% ownership of NCL would pass to a large US Private Equity
group - Apollo Management LP.
Early in 2008 Orient Lines as a brand ceased to exist with the sale
of Orient's sole ship MS Marco
Polo to Greek interests.
In 2001
Star Cruises founded a new sister company Cruise Ferries which began operating
one ship, Wasa Queen, on short cruises from Hong Kong to Xiamen;
then on overnight gambling cruises from Hong Kong, and from July 2007
similar overnight gambling cruises from Port Klang (Kuala Lumpur)
Malaysia. This operation has ceased functioning with the sale of its
only ship Wasa Queen, which is now renamed Arberia.
With the operations of Norwegian Cruise Line having proven more
profitable than those of Star Cruises itself, since 2006 the trend
has been that new ships are built for NCL, and the old ships they
replace are then transferred to the Star Cruises fleet in Asia. |