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According to the cruise industry publication An Bord, bankruptcy administrators are unable to find a buyer for an incomplete mega-liner that was intended to be among the largest cruise ships in the world by capacity. It is now waiting to be demolished in a German shipyard.
The insolvency administrator Christoph Morgen says that the bottom hull of the liner – Global Dream II will be sold for scrap. Further, machinery and much of the equipment that had already been delivered would also be sold. Morgen’s focus is now on the sister ship, Global Dream, which is ready to float in the dock in Wismar, northern Germany. It is about 80% completed, Morgen told the German radio station NDR. Plans to complete the Global Dream at the Wismar site, however, have fallen through, says An Bord.
Despite numerous parties showing interest in buying and finishing Global Dream, the insolvency administrator never received a proper offer. Morgen will have to start a bid process, which would let ship brokers with connections to maritime scrap yards submit their proposals, if no serious bidder is found in the forthcoming weeks. As per Ostsee-Zeitung, German cruise ship manufacturer Meyer Werft could assist in completing Global Dream, after which the liner would be dismantled owing to the current derth of buyers.
