World’s Largest Cruise Ship Has No Buyer, First Voyage Could Be Scrapped


Plans to complete the Global Dream at the Wismar site have collapsed.

An unfinished mega-liner that was meant to be one of the world’s largest cruise ships by capacity sits in a German shipyard, waiting to be scrapped as bankruptcy administrators fail to find a buyer, according to cruise industry magazine An Bord.

The lower hull of an ocean liner known as Global Dream II, the second world-class vessel from insolvent shipyard MV Werften on Germany’s Baltic coast, is to be disposed of at the cost of scrap metal, An Bord reported, citing the insolvency administrator Christoph Morgen. The machines and much of the equipment, which had already been delivered, are to be sold, the German magazine quoted Morgen as saying at a press conference on Friday.

Morgen’s focus is now on her sister ship, the Global Dream, which is ready to float to the dock in Wismar, northern Germany, the magazine said. MV Werften’s Wismar shipyard has been sold to the Kiel-based naval unit of Thyssenkrupp AG, which plans to build military vessels there from 2024 amid rising tensions following the invasion of Ukraine by Russia. Thyssenkrupp Marine Systems wants the large dock to be available by the end of 2023, he said.

Both ships were originally ordered by Asia-based Dream Cruises, which collapsed with parent company Genting Hong Kong earlier this year after the Covid-19 pandemic sapped demand for cruises.

Plans to complete the Global Dream at the Wismar site have collapsed, An Bord said. Sweden’s Stena AB, which wanted to build a cruise product in Asia, was the only interested party, but bailed out when former Genting owner Lim Kok Thay announced a new cruise brand in Singapore at the same time the China maintained strict travel restrictions, the magazine said. , also citing tensions in the South China Sea.

Global Dream could be towed anywhere in the world by ocean tugs, according to the magazine. If no serious buyer is found in the coming weeks, Morgen will have to launch a tendering process, which would allow ship brokers with contacts with shipyard scrapyards to submit their offers, he said. he declares. German cruise shipbuilder Meyer Werft could help complete Global Dream, after which the liner would be mothballed due to the current lack of buyers, Ostsee-Zeitung reported this week.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)


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