HONG KONG (Bloomberg) — Star Cruises Limited, Asia's biggest cruise operator, said it has called off the $218 million sale of its Norwegian Dream cruise ship after the buyer Louis Limited failed to take delivery of the vessel within the deadline.

Star Cruises is getting legal advice to enforce its rights against Louis, the cruise operator said in a statement to Hong Kong's stock exchange yesterday. The agreement to sell the ship lapsed on Monday. Louis officials weren't immediately available for comment.

Louis, the largest publicly traded cruise line and hotel operator in Cyprus and Greece, had agreed to buy two cruise ships from Star Cruises for $380 million in April.

The sale of the other vessel, Norwegian Majesty, was completed on July 29.

The failure to sell the Norwegian Dream "will not have a material adverse impact on the business or financial position of the group as a whole," said Star Cruises, which is controlled by Malaysia's Genting Bhd.

n Norwegian Dream and Norwegian Majesty are regular visitors to Bermuda.