Genting Hong Kong is also the parent company of based Crystal Cruises as well as Dream Cruises and Star Cruises headquartered in Asia. Reports say that Genting Hong Kong's financial troubles started in 2020 when the pandemic forced the suspension of global cruise operations and later led to stopping work at the company's shipyard MV Werften. The company was able to restart Dream Cruises in Asia in 2020 and 2021 and Crystal in mid-2021 and the German state provided bridge loans to resume work at the shipyard, with an agreement announced in June 2021 for a larger rescue loan from Germany's Federal Economic Stabilization Fund (WSF). The fund required 20% participation from Genting and in late 2021 renewed negotiations over the package after a report indicated Genting's declining financial strength and the potential inability to repay the loans.