Genting Hong Kong selling Global Dream - the world’s largest-capacity cruise ship

   February 21, 2022 ,   Cruise Industry

GHK-Genting Hong Kong, the bankrupt parent company that shuttered Crystal Cruises after two vessels (Serenity and Symphony) were seized for unpaid fuel bills, is looking to sell what is being billed as the world’s largest ship by passenger capacity.

Global Dream, which is still under construction in a German shipyard, is expected to become a 9,500-guest mega-liner when she is finished.

Due to the bankruptcy, the shipbuilding arm of Genting, MV Werften, was placed into insolvency by a German court. It's been assigned to an administrator, Christoph Morgen, who is responsible for selling Global Dream.

According to Morgen, there was a “significant number” of companies looking to buy not only Global Dream but some who would like to buy its operator Dream Cruises too.

Global Dream reportedly cost ~US$2 billion but is said to need a half-billion to be completed.

Morgen said there were "potential buyers looking at an entry package to enter the Asian cruise ship market by buying Dream Cruises as a business plus vessels currently operated by Dream Cruises.” 

For now, the largest cruise ship in the world will debut in March when Royal Caribbean’s Wonder of the Seas makes her maiden voyage.