If no serious buyer emerges in the coming weeks, the bankruptcy administrator will offer the unfinished Global Dream II to scrapyards.
is sitting in a German shipyard, waiting to be scrapped, because bankruptcy administrators cannot find a buyer, according to cruise industry magazineThe lower hull of a liner known as Global Dream II, the second global class vessel from insolvent MV Werften shipyard on Germany’s Baltic coast, is to be disposed of at scrap price,reported.
Both of the ships were commissioned by Asia-based Dream Cruises, which collapsed along with its parent company Genting Hong Kong earlier this year after the COVID-19 pandemic sapped demand for cruises.said. Sweden’s Stena, which wanted to build a cruise product in Asia, was the only interested party. It bailed out when former Genting owner Lim Kok Thay announced a new cruise brand in Singapore at the same time, the magazine said, also citing tensions in the South China Sea.
Global Dream could be towed to any location in the world by ocean-going tugs, the magazine said. If no serious buyer is found in the coming weeks, Mr Morgen will have to start a bidding process, which would allow ship brokers with contacts to maritime scrapyards to submit their bids, it said.
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