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A massive unfinished cruise ship is likely to be sold for scrap!

The cruise ship “Global Dream” currently under construction, is in the building dock at MV Werften

While its maker declared a bankruptcy and currently no one wants to buy it, according to a report by German cruise-industry magazine An Bord.

Attempts are now being made to sell some of the fixtures and engines from Global Dream II, which was half-built by insolvent German shipbuilder MV Werften, insolvency administrator Christoph Morgen said at a press conference

After that, the vessel’s half-finished keel, will be sold for scrap, Morgen said, to An Bord.

*Usas tweet on dream cruise fiasco

MV Werften is owned by holding company Genting Hong Kong, both of which filed for bankruptcy in January.

The shipmaker was building the vessel for a series of global-class ships for Dream Cruises

Global Dream,

the other vessel in the series, is also incomplete and is currently sitting at the MV Werften dock in Wismar, northern Germany, An Bord reported.

  • Global Dream is around 80% finished, Morgen told German radio station NDR

The ship was designed for service in Asia, and a new owner would have to spend a significant amount of money redesigning its cabin, deck, and drive concept if they wanted to deploy it elsewhere in the world, An Bord said.

Swedish holding company Stena AB, which owns a ferry line, was interested in buying Global Dream but dropped out over uncertainty in the Asian cruise market, including China’s strict restrictions on travel, according to reports.

If no serious offers are made in weeks to come,

Global Dream will be sold in an auction where it could ultimately be bought for scrap, An Bord argues.

Work on Global Dream started in March 2018 and the vessel was set to debut in early 2021 as one of the world’s biggest cruise ships.

The 1,122-foot ship was intended to fit more than 9,000 passengers across 2,500 cabins as well as 2,200 crew.


source:An Bord/Maritime news
Image:Global Dream Crusie inc