An unfinished mega-ocean liner that purported to be one of the world’s largest cruise ships 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 instant shipping from the bankrupt MV Werften shipyard on Germany’s Baltic coast, will have to be removed in exchange for scrap metal, An Bord reported, bringing up insolvency. The machines and much of the equipment, which had already been delivered, will have to be sold, Morgen was quoted as saying by the German magazine at a news conference on Friday.
Morgen is now focusing on its sister ship, Global Dream, which is fit to be at the Wismar dock in northern Germany, the magazine said. MV Werften’s Wismar shipyard was sold to Thyssenkrupp AG’s Kiel-based naval unit, which plans to build army ships there from 2024 amid rising tensions following Russia’s invasion of Ukraine. Thyssenkrupp Marine Systems wants the giant pier to be available until the end of 2023, he said.
The two ships were first 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 have collapsed, An Bord said. Sweden’s Stena AB, which was looking to build a cruise product in Asia, was the only interested party but rescued it 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.
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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 shipyards to submit their bids, he said. German cruise shipbuilder Meyer Werft could end up with Global Dream, after which the liner would be protected due to a lack of existing customers, Ostsee-Zeitung reported this week.
(With the exception of the title, this story was not edited by NDTV staff and is published from a syndicated feed. )
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