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The world’s largest cruise ship, costing £1.2 billion, is to be scrapped before it sets sail

World’s largest cruise ship to be scrapped before first voyage as owners go bankrupt: A $1.6 billion ship has been built with 20 decks and a WATER PARK

  • Global Dream II was built by the German-Hong Kong shipbuilding company MV Werften
  • It went bankrupt at the beginning of the year shortly before the end of construction and could not find a buyer
  • The 1,122-foot mammoth ship with a water park and cinema is now set to be scrapped to raise funds

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The world’s largest cruise ship, which could carry 9,000 passengers and cost £1.2 billion to build, is due to be scrapped before it even sets sail.

Built by Hong Kong-German shipbuilding film company MV Werften, Global Dream II was almost complete when the company went bankrupt earlier this year.

Since then, no buyer has been found and the huge 20-deck ship is now set to be scrapped.

The world's largest cruise ship, which could carry 9,000 passengers and cost £1.2 billion to build, is due to be scrapped before it even sets sail

The world’s largest cruise ship, which could carry 9,000 passengers and cost £1.2 billion to build, is due to be scrapped before it even sets sail

The 1,122-foot Global Dream II includes a movie theater and outdoor water park and would have the largest passenger capacity of any cruise ship in the world

The 1,122-foot Global Dream II includes a movie theater and outdoor water park and would have the largest passenger capacity of any cruise ship in the world

Built by Hong Kong-German shipbuilding film MV Werften, Global Dream II was almost complete when the company went bankrupt

Built by Hong Kong-German shipbuilding film MV Werften, Global Dream II was almost complete when the company went bankrupt

The proposed ship was to have a huge water park on the deck where guests could frolic on slides on the ocean

The proposed ship was to have a huge water park on the deck where guests could frolic on slides on the ocean

The sister line Global Dream is also on the market, but is not scheduled to be discontinued just yet.

The 1,122-foot Global Dream II includes a movie theater and outdoor water park and would have the largest passenger capacity of any cruise ship in the world.

The largest ship by size is the Oasis-class Wonder of the Seas, owned and operated by Royal Caribbean International. She measures a staggering 1,188 feet and can accommodate 6,988 passengers.

Despite the huge construction costs, the ship is still £200m under budget.

Global Dream and Global Dream II are stored at a German shipyard in Wismar.

No buyer was found and the huge 20-deck ship is now set to be scrapped

No buyer was found and the huge 20-deck ship is now set to be scrapped

A towing unit navigates the huge central ship of the cruise ship in Wismar in 2019

A towing unit navigates the huge central ship of the cruise ship in Wismar in 2019

Despite the huge construction costs for the mammoth project, the ship is still £200million short of its budget

Despite the huge construction costs for the mammoth project, the ship is still £200million short of its budget

The pandemic has hit the global travel industry, including cruise lines, leading to production halts at shipyards building cruise ships

The pandemic has hit the global travel industry, including cruise lines, leading to production halts at shipyards building cruise ships

The yard was sold to Thyssenkrupp’s naval unit to build military ships, meaning the two mammoth cruise ships must be removed by the end of 2023.

While Global Dream II is structurally sound, equipment and passenger facilities need to be completed.

There remains a glimmer of hope that a buyer can be found, with Stena potentially hoping to buy it for the Chinese cruise market.

Industry expert TradeWinds said: “The Global Dream would have no trouble finding a buyer in a strong cruise market.

At the beginning of the year, CEO of the shipbuilder MV Werften Carsten Haake stands in front of the nearly completed cruise ship

At the beginning of the year, CEO of the shipbuilder MV Werften Carsten Haake stands in front of the nearly completed cruise ship

There remains a glimmer of hope that a buyer can be found, with Stena potentially hoping to buy it for the Chinese cruise market

There remains a glimmer of hope that a buyer can be found, with Stena potentially hoping to buy it for the Chinese cruise market

MV Werften currently employs around 2,000 people in the northern German state of Mecklenburg-West Pomerania

MV Werften currently employs around 2,000 people in the northern German state of Mecklenburg-West Pomerania

“Given the tight deadline Global Dream has for hauling it off the building dock by the end of 2023, recycling the ship in Turkey is a last resort Tomorrow hopes to avoid.”

Genting, led by Malaysian tycoon Tan Sri Lim Kok Thay, bought MV Werften in 2016.

The pandemic has hit the global travel industry, including cruise lines, leading to production halts at shipyards building cruise ships.

MV Werften currently employs around 2,000 people in the northern German state of Mecklenburg-West Pomerania.

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https://www.dailymail.co.uk/news/article-11167999/Worlds-biggest-cruise-ship-costing-1-2BILLION-sold-scrap-set-sail.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 The world’s largest cruise ship, costing £1.2 billion, is to be scrapped before it sets sail

Bradford Betz

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