Global Dream II was constructed by a German-Hong Kong shipbuilding corporation. The company went bankrupt at the beginning of the year and has not been able to find a buyer. The ship will be sold for scrap before it has even set sail.
The massive 1,122-foot liner will soon be auctioned for scrap to generate revenue.
The world’s largest cruise ship, capable of carrying 9,000 passengers and constructed at a cost of £1.2 billion, will be demolished before ever setting sail.
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Global Dream II was nearly completed when the German-Hong Kong shipbuilding business MV Werften declared bankruptcy at the beginning of the year.
Since then, no buyer has been found, and the 20-deck megaship will be auctioned for scrap.
The world’s largest cruise ship, which could transport 9,000 guests and cost £1.2 billion to construct, will be demolished before ever setting sail.
The 1,122-foot-long Global Dream II features a movie theater and an outdoor waterpark, and would have the world’s greatest passenger capacity of any cruise ship.
Global Dream II was nearly completed when the German-Hong Kong shipbuilding company MV Werften declared bankruptcy.
Its sister line, Global Dream, is also available but has not yet been scheduled for cancellation.
The 1,122-foot-long Global Dream II would have the greatest passenger capacity of any cruise ship in the world, and would feature a cinema and an outdoor waterpark.
The largest ship in terms of size is Royal Caribbean International’s Oasis-class Wonder of the Seas, which measures a remarkable 1,188 feet and has a passenger capacity of 6,988.
Despite the enormous construction costs, the ship is still $200 million over budget.
Global Dream and Global Dream II are stored at a shipyard in Wismar, Germany.
The massive 20-deck warship will be auctioned for scrap because no buyer has been identified.
At 2019, a towing unit navigates the enormous core ship of a cruise ship in Wismar.
The sale of the shipyard to Thyssenkrupp’s navy division for the construction of military vessels requires the removal of the two enormous cruise ships by the end of 2023.
While Global Dream II is structurally solid, passenger amenities and equipment require completion.
There is yet a ray of optimism that a buyer might be found, with Stena possibly interested in purchasing it for the Chinese cruise industry.
According to analysts at TradeWinds, the Global Dream would have little trouble finding a buyer in the robust cruise market.
Carsten Haake, CEO of MV Werften, stands in front of the nearly completed cruise ship earlier this year.
There is yet a ray of optimism that a buyer might be found, with Stena possibly interested in purchasing it for the Chinese cruise industry.
“Faced with a tight deadline to pull the Global Dream out of its construction port by the end of 2023, Morgen hopes to avoid scrapping the ship in Turkey.”
In 2016, Genting, led by the Malaysian entrepreneur Tan Sri Lim Kok Thay, purchased MV Werften.
The pandemic has affected the worldwide travel industry, particularly cruise operators, and has halted cruise ship construction at shipyards.
MV Werften employs approximately 2,000 people in the northern German state of Mecklenburg-Vorpommern.