World’s Biggest Cruise Ship Has No Buyer, 1st Voyage May Be To Scrapyard

The largest cruise ship in the world has no buyer, the maiden voyage could be to scrap

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

An unfinished mega-liner that would become one of the world’s largest cruise ships in capacity is lying in a German shipyard waiting to be scrapped as bankruptcy administrators can’t find a buyer, according to cruise industry magazine An Bord.

The lower hull of a liner known as Global Dream II, the second world-class ship of the insolvent MV Werften shipyard on Germany’s Baltic coast, is to be removed for scrap price, An Bord reported, citing trustee Christoph Morgen. Machines and a large part of the equipment, which had already been delivered, must be sold, the German magazine Morgen was quoted as saying during a press conference on Friday.

Tomorrow’s focus is now on her sister ship, Global Dream, which is ready to float at the dock in Wismar, northern Germany, the magazine said. The MV Weften shipyard in Wismar was sold to Thyssenkrupp AG’s naval unit in Kiel, which plans to build military ships there from 2024 amid mounting tensions following Russia’s invasion of Ukraine. Thyssenkrupp Marine Systems wants the large dock to be available by the end of 2023.

Both ships were initially commissioned by Asia-based Dream Cruises, which collapsed along 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. Swedish Stena AB, which wanted to build a cruise product in Asia, was the only interested party, but got out when former Genting owner Lim Kok Thay announced a new cruise brand in Singapore at the same time as China enforced strict travel restrictions, the magazine said. , also referring to tensions in the South China Sea.

Global Dream could be towed to any location in the world by ocean tugs, the magazine said. If no serious buyer is found in the coming weeks, Morgen should start a bidding process, allowing ship brokers with contacts at maritime scrap yards to submit their bids. German cruise ship builder Meyer Werft could help complete Global Dream, after which the liner would be put on hold due to the current lack of buyers, Ostsee-Zeitung reported this week.

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

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