
The world’s largest cruise ship is finally being dismantled shortly before it leaves for its maiden voyage. The reason of that “Global Dream 2”, which may have cost $1.4 billion, with high expectations but never got a chance to make its maiden voyage, eventually scrapped. In particular, according to her daily mailThe cruise ship was designed to carry 9,000 passengers and was built by the German and Hong Kong company MV Werften. This unfortunate turn of events is due to the fact that shortly before the final touch was applied, Dream Cruises, which ordered a cruise ship under construction, went bankrupt due to reduced revenue due to the pandemic. After Dream Cruises went bankrupt, no one was interested in buying a huge 20-deck ship.
The cruise liner Global Dream II was designed to carry 9,000 passengers.
The luxury cruise ship “Global Dream II” had an open-air water park and a cinema, and its capacity far exceeds the second largest cruise ship. This is the “Wonder of the Seas” owned by Royal Caribbean and capable of carrying 6,988 passengers. Although the construction took a lot of capital, about 1.4 billion dollars, the cruise ship still needs additions worth 230 million dollars. The ship is almost ready, but it will be necessary to add equipment and space for passengers. As number (II) of the Global Dream testifies, there is another ship of similar size, which, however, has not yet met the same fate.
According to the Daily Mail, the two ships are now at the German shipyard Wismar, but should be handed over by the end of next year. This will happen because this shipyard will be used for the construction of warships. Despite the lack of interest in buying this major cruise ship, analysts believe there is hope for a potential buyer, especially in the Chinese cruise market. Analysts at TradeWinds say the Global Dream will have no problem finding a buyer in the strong cruise market. Faced with a tight deadline to leave the shipyard by the end of 2023, scrapping the ship in Turkey is the last resort that Morgen (the shipyard operator) hopes to avoid.”
Source: Kathimerini

Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.