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Aegean Paradise -- Cruise / Casino Ship @ New Century Tours Corporation Pte Ltd

HorLee

Alfrescian
Loyal

Bye now! ——"Singapore New Century Cruises"​

2023-06-22 06:41


New Century Group (00234.HK) announced that on April 28, 2023, the seller, New Century Maritime Limited (an indirect non-wholly owned subsidiary of the company), entered into the agreement with the buyer, Mr. Peng Bingyi.

Accordingly, the seller agreed to sell the entire issued share capital of the target company Kingston Maritime Limited and the sale loan at a consideration of S$ 7.65 million (approximately RMB 39.59 million), and the completion was implemented immediately after signing the agreement.

The target company is mainly engaged in cruise ship investment, and its main asset is the cruise ship Aegean Paradise, which was built in 1990 and has a capacity of 1,600 passengers. It has provided ocean travel services in Indonesia, Malaysia and Singapore. On July 24, 2015 More than 22 million U.S. dollars (about 150 million yuan) were purchased.

After carefully considering the impact of the Target Company on the financial performance of the Group, the Directors believe that the Disposal can reduce the Group's losses and realize its investment in the Target Company. The Disposal will also allow the Group to simplify its operations and provide an opportunity for the Group's capital to be deployed in other major businesses.

Upon Completion, the Group has terminated the business of cruise ship leasing services and no longer owns any cruise ships , and will focus on the Group's remaining principal business.

https://min.news/en/economy/3ec07cf8b04e22fbdf90c4836592ec7c.html

Investor Buyer Mr Peng Bingyi got a bargain fire sale .

Fatty Chairman bought AP at USD 22 Million and sold to Mr Peng at usd 7,65 million.



https://min.news/en/economy/3ec07cf8b04e22fbdf90c4836592ec7c.html


-----------------------------------------------------------------------------------------------------------------

Bye now! ——"Singapore New Century Cruises"

New Century Group (00234.HK) announced that on April 28, 2023, the seller, New Century Maritime Limited (an indirect non-wholly owned subsidiary of the company), entered into the agreement with the buyer, Mr. Peng Bingyi.

Accordingly, the seller agreed to sell the entire issued share capital of the target company Kingston Maritime Limited and the sale loan at a consideration of S$ 7.65 million (approximately RMB 39.59 million), and the completion was implemented immediately after signing the agreement.

The target company is mainly engaged in cruise ship investment, and its main asset is the cruise ship Aegean Paradise, which was built in 1990 and has a capacity of 1,600 passengers. It has provided ocean travel services in Indonesia, Malaysia and Singapore. On July 24, 2015 More than 22 million U.S. dollars (about 150 million yuan) were purchased.

After carefully considering the impact of the Target Company on the financial performance of the Group, the Directors believe that the Disposal can reduce the Group's losses and realize its investment in the Target Company. The Disposal will also allow the Group to simplify its operations and provide an opportunity for the Group's capital to be deployed in other major businesses.

Upon Completion, the Group has terminated the business of cruise ship leasing services and no longer owns any cruise ships , and will focus on the Group's remaining principal business.

Since 2019, the global outbreak of the coronavirus pandemic has seriously affected the operation of the Group's cruise ships. Since the governments of Singapore and Malaysia have implemented border closures, travel restrictions and mandatory quarantine measures since mid-March 2020, the cruise ship has suspended its cruise operations.

During the period of suspension of operations, New Century Group was not only unable to collect rental fees and had no income. Even from mid-March 2020, the group will need to pay a special subsidy of 5,000 Singapore dollars per day (equivalent to about 29,000 Hong Kong dollars per day) for the maintenance of cruise ships, resulting in losses.

In 2021, we have a feeling that the remaining Aegean Paradise will definitely not be kept, and then it is a matter of time. Sure enough, with the sale of the last ship of New Century Cruises, the "Asian Cruises" recruiting trump card channel "Singapore Cruises", which was once hyped by domestic sea travel agencies/schools, also disappeared in the cruise line just like "Hong Kong Cruises". In the long river of history...

----------------------------------------------------------------------------------------------------------
 

swissbank

Alfrescian
Loyal
Investor Buyer Mr Peng Bingyi got a bargain fire sale .

Fatty Chairman bought AP at USD 22 Million and sold to Mr Peng at usd 7,65 million.



https://min.news/en/economy/3ec07cf8b04e22fbdf90c4836592ec7c.html


-----------------------------------------------------------------------------------------------------------------

Bye now! ——"Singapore New Century Cruises"

New Century Group (00234.HK) announced that on April 28, 2023, the seller, New Century Maritime Limited (an indirect non-wholly owned subsidiary of the company), entered into the agreement with the buyer, Mr. Peng Bingyi.

Accordingly, the seller agreed to sell the entire issued share capital of the target company Kingston Maritime Limited and the sale loan at a consideration of S$ 7.65 million (approximately RMB 39.59 million), and the completion was implemented immediately after signing the agreement.

The target company is mainly engaged in cruise ship investment, and its main asset is the cruise ship Aegean Paradise, which was built in 1990 and has a capacity of 1,600 passengers. It has provided ocean travel services in Indonesia, Malaysia and Singapore. On July 24, 2015 More than 22 million U.S. dollars (about 150 million yuan) were purchased.

After carefully considering the impact of the Target Company on the financial performance of the Group, the Directors believe that the Disposal can reduce the Group's losses and realize its investment in the Target Company. The Disposal will also allow the Group to simplify its operations and provide an opportunity for the Group's capital to be deployed in other major businesses.

Upon Completion, the Group has terminated the business of cruise ship leasing services and no longer owns any cruise ships , and will focus on the Group's remaining principal business.

Since 2019, the global outbreak of the coronavirus pandemic has seriously affected the operation of the Group's cruise ships. Since the governments of Singapore and Malaysia have implemented border closures, travel restrictions and mandatory quarantine measures since mid-March 2020, the cruise ship has suspended its cruise operations.

During the period of suspension of operations, New Century Group was not only unable to collect rental fees and had no income. Even from mid-March 2020, the group will need to pay a special subsidy of 5,000 Singapore dollars per day (equivalent to about 29,000 Hong Kong dollars per day) for the maintenance of cruise ships, resulting in losses.

In 2021, we have a feeling that the remaining Aegean Paradise will definitely not be kept, and then it is a matter of time. Sure enough, with the sale of the last ship of New Century Cruises, the "Asian Cruises" recruiting trump card channel "Singapore Cruises", which was once hyped by domestic sea travel agencies/schools, also disappeared in the cruise line just like "Hong Kong Cruises". In the long river of history...

----------------------------------------------------------------------------------------------------------
HorLee,
Why Mr Peng Bingyi no buy New Century Building at New Industrial Road and Serangoon Gdn house?
 

justl00king

Alfrescian (Inf)
Asset
Hear say from reliable sources ,
a Casino Cruise ship is starting
business . Staffs at Tanah Merah Cruise Centre are gearing up and on
Standby for upcoming increased
in passengers traffic.
This one no sound no picture.
ah kong ah ma already hand very itchy
want faster go donate some cpf money
any update when start? :biggrin:
 

justl00king

Alfrescian (Inf)
Asset
genting can't compare to cruise , cruise can go evening or night then come back noon , genting 707 bus one way road already need 7 to 8 hours , sit until backside pain still haven't reach.
Also got cruise hotel coach return package, if dont want take coach got 3 kaki to share can book pte transport back around 350- 400 sgd per pax only 100 each for return trip. Go gamble dont sweat the small money comfort priority, last few months Genting got transport subsidy rm300 per week every Monday, means go weekend collect one time next Monday collect again total rm600 song song to Genting.

https://www.wtstravel.com.sg/resorts-world-cruises/
https://www.rwgenting.com/en/edm/aug-sep-23-travel-subsidy-promo--pen-msia.html
 
Last edited:

SallyTan

Alfrescian
Loyal
Just normal.
Like at Mbs.
Hand over membership card
To Pit mgr before gaming.
inhouse online tablet and
ship jackpot machines
all award pts.
Go to kiosk to see pts update.
Next booking sure got free cabin.
 

HorLee

Alfrescian
Loyal

Tanah Merah Ferry Terminal’s $20m revamp​

to include new automated check-in kiosks, immigration lanes​


The terminal will undergo upgrading in stages from January 2024 to December 2024,
with no changes to ferry services and schedules. PHOTOS: LIM YAOHUI, SINGAPORE CRUISE CENTRE




The terminal will undergo upgrading in stages from January to December, with no changes to ferry services and schedules. PHOTOS: LIM YAOHUI, SINGAPORE CRUIS
rrferrytm0202.jpg


The terminal will undergo upgrading in stages from January to December 2024,
with no changes to ferry services and schedules. PHOTOS: LIM YAOHUI, SINGAPORE CRUISE CENTRE


rrtmftlobbycheckin0202.jpg_8.JPEG

With the revamp, passengers will be able to check in by themselves at the self-service kiosks, drop their bags off at the machines and clear immigration via an automated lane. PHOTO: SINGAPORE CRUISE CENTRE



Esther Loi
UPDATED

FEB 02, 2024, 08:34 PM

FacebookTelegram

SINGAPORE - Tanah Merah Ferry Terminal will undergo a $20 million upgrade to modernise its facilities and increase its passenger capacity, through automation as well as better use of space.

Built in 1995, the terminal will undergo upgrading in stages from January to December, with no changes to ferry services and schedules, said operator Singapore Cruise Centre (SCC) in a statement on Feb 2.

The terminal last underwent a major renovation in 2007.

SCC chief executive Jacqueline Tan noted that the revamp will expand the terminal’s capacity by 20 per cent to more than three million passengers, from the current 2.7 million.

The new features, which will be ready in January 2025, include the installation of 20 self-service check-in kiosks, four unmanned bag-drop machines, and more automated immigration clearance gates similar to the ones at Changi Airport, said SCC.

These will speed up departure procedures for passengers, added the operator.

At present, passengers have to buy tickets or exchange their online tickets for physical boarding passes and check in at ferry operator counters, which are manned by workers.

They would then need to check in their bags at staffed bag-drop counters before clearing immigration.

The terminal now has three manned bag-drop counters, as well as a mix of automated immigration clearance lanes and staffed immigration counters.

With the revamp, passengers will be able to check in by themselves at the self-service kiosks, drop their bags off at machines and clear immigration via automated lanes. However, manned options will still be available for passengers who prefer to speak directly to staff.


In addition, the redesign of the departure hall will increase its size and capacity by about 70 per cent, allowing it to hold around 200 more passengers.

Through optimising the available space, an unoccupied field between the arrival and departure halls will be converted into an outdoor play area for families with young children to gather after they clear immigration, added SCC.

The departure area will also be home to two lounges for business-class passengers, up from the single lounge it now has.

There will be revamped ferry operator counters, where passengers can buy tickets, collect boarding passes and check in, along with more food and beverage outlets near the terminal’s entrance and in the departure area.

Throughout the terminal, the toilets will also be revamped, with interim container toilets made available to passengers from March to October when works are under way.

Hybrid cooling systems – a combination of fan ventilation and air-conditioning – will also be added to make the terminal more energy-efficient. These will complement the terminal’s solar panels that power a third of its daytime power needs, SCC said.

Renovation in the passenger areas will be done in phases from March, and take place only from 9.30pm to 6am daily to minimise disturbance to ferry passengers.

Areas will be hoarded off in stages for construction to be done, said SCC.

For instance, each ferry operator counter will take turns to undergo renovation and continue serving passengers in a makeshift spot.

The existing boarding turnstiles, where passengers scan their boarding passes in the departure hall to enter the berths, and automated immigration clearance gates will also be upgraded.

This is the first phase of renovation work the terminal will undergo, added SCC, as part of its strategy to capture the post-pandemic travel rebound.

It noted that a few hundred passengers use the ferry terminal monthly as a transfer point for flights at Changi Airport.

The operator said it also has plans to automate the boarding process at the terminal’s ferry berths, though details are not available yet.


Some 1.3 million passengers used Tanah Merah Ferry Terminal in 2023 on their way to and from Batam and Bintan in Indonesia, and Desaru in Malaysia, according to SCC.

The terminal handled more than two million passengers every year before the pandemic.

Four ferry operators – Batam Fast, Bintan Resort Ferries, Majestic Fast Ferry and Sindo Ferry – call at the terminal.

Passengers The Straits Times interviewed welcomed the upgrade.

Real estate analyst Faradina Rahman, 27, who heads to Batam at least once or twice a year via the ferry terminal, said the automated check-in and bag-drop kiosks would be much faster than the current manned counters.

Describing the check-in situation as “crowded and slow” on Saturday mornings, she added that she had been stuck in a 20-minute queue at a ferry operator counter and caught her ferry only in the nick of time.

Ms Faradina hopes the new features would ease the queues on weekends.

Assistant engineer Muhammad Asdali, 41, agreed that the automated processes would be a good improvement.

He welcomed the move to have a mixture of automated and manned check-in kiosks, as employees could help passengers if the automated kiosks run into problems.

Tanah Merah Ferry Terminal is among three ferry terminals SCC operates. The others are the international cruise and regional ferry terminal at HarbourFront

yaohui-elferry31-4619_4.jpg

Passengers boarding a ferry at Tanah Merah Ferry Terminal. ST PHOTO: LIM YAOHUI
 

ahboy123

Alfrescian
Loyal
Screenshot_20240227-150558_Facebook.jpg

Closing soon ,Ringgit down down down , sooner send India scrap. Ah Ma Ah Kong die heart fan wait until see God liao u still nge nge in Penang.
 

ahboy123

Alfrescian
Loyal
Now already 2nd half 2024, one gambling cruise also don't want come singapore, why why why? Long long time also so many gambling cruise also can run , now nobody dare to bring in one cruise also.
 
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