The Global Dream II shipbuilder went bankrupt without finding a buyer for its cruise ship. Almost finished, it will therefore be demolished.
It is one of the largest cruise ships in the world: 340 meters long for 9000 seats. But the Global Dream II, whose construction is finished, will not have the leisure to sail. Failing to find a new buyer, this mastodon will be dismantled and sold mainly for its metal. The epilogue of an industrial disaster triggered by the Covid-19 crisis.
Ball too heavy
The Global Dream II is the crown jewel of German shipbuilder MV Werften, a subsidiary of Genting Hong Kong, a Chinese tourism giant. What was to be the group’s future ship for its friendly cruise customers has finally become too heavy a burden to bear.
The pandemic and the end of cruises will eventually sink Genting Hong Kong, which filed for bankruptcy last January. Its three operational vessels are delivered to competitors but two new vessels, brand new, are struggling to find buyers.
MV Werften will eventually be bought by ThyssenKrupp, which intends to transform the yards to build warships. There remains the Global Dream II, the construction of which is finished but which no one wants. It will therefore be dismantled and sold for its parts and then its metal.
What about his twin?
The ship is also an outstanding big brother, the Gobal Dream (first of the name), developed operational. Its future is still uncertain but, again, it could be gutted if it does not find a buyer.
The cruise market collapsed during the Covid-19 crisis, with several ships becoming veritable clusters on the water. This adds to the growing criticism of these polluting liners. But reservations have nevertheless started to rise again in recent weeks.