An unfinished mega-ocean liner that was intended to be one of the world’s largest cruise ships in terms of capacity sits in a German shipyard, waiting to be scrapped, as bankruptcy directors can’t find a buyer, according to cruise industry magazine An Bord.
The lower hull of an ocean liner known as Global Dream II, the world-class shipment of the moment from the bankrupt MV Werften shipyard on Germany’s Baltic coast, will be scrapped in exchange for scrap, An Bord reported. The machinery and much more of the equipment, which had already been delivered, will have to be sold, the German magazine quoted insolvency administrator Christoph Morgen as saying at a press conference on Friday.
The sister ship of the Global Dream II has already been construida. PA
Morgen is now focusing on its sister ship, Global Dream, which is in a position to be at the Wismar pier in northern Germany, the magazine said. MV Werften’s Wismar shipyard was sold to Kiel-based Thyssenkrupp naval unit, which plans to build the army ships there from 2024 amid rising tensions following Russia’s invasion of Ukraine. Thyssenkrupp Marine Systems needs the giant dock to be available until the end of next year, he said.
Both ships were ordered through Asia-based Dream Cruises, which collapsed with its parent company Genting Hong Kong earlier this year after the COVID-19 pandemic undermined demand for cruise ships.
Plans to complete the Global Dream at the Wismar site collapsed, An Bord said. Swede Stena, who was looking to build a cruise product in Asia, was the only one interested. It was rescued when former Genting owner Lim Kok Thay announced a new cruise logo in Singapore as China maintained strict restrictions, the magazine said, also sparking tensions in the South China Sea.
Global Dream can be towed anywhere in the world via ocean tugs, according to the magazine. If no serious customer is discovered in the coming weeks, Morgen will have to launch a bidding process, which would allow shipping agents with contacts with him to say that German cruise ship builder Meyer Werft could take down Global Dream, after which the ocean liner would be protected due to a lack of existing customers. Ostsee-Zeitung reported this week.
Bloomberg
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