autotranslation:

There is no future for the second newbuilding of the Global class from MV shipyards. The keel of the newbuild, laid in the dock of the Warnemünde shipyard of MV Werften in December 2019, is only complete in the lower hull area. However, the machines and many systems were already on site.

As insolvency administrator Christoph Morgen announced at a press conference on Friday, attempts are now being made to resell some of the systems and engines. The half-finished fuselage is then to be sold at scrap prices.

The focus of the insolvency administrator is now fully on the Global Dream , which is now floating in the dock in Wismar. The shipyard in Wismar was sold to ThyssenKrupp Marine Systems in Kiel on Thursday. TKMS wants to build submarines, corvettes and frigates there from 2024.

The large building dock should then be free by the end of 2023. All plans to complete the Global Dream at the Wismar site fell through. There were numerous interested parties, but 21 weeks after the start of the insolvency proceedings, the insolvency administrator has not received a plan with any prospects.

The only real interested party was Stena AB from Sweden. Along with the three other Genting ships in Asia, Stena AB wanted to build a cruise product. At the end of May, however, Stena dropped out when former Genting owner Lim Kok Thay announced the founding of a new cruise brand in Singapore in May and at the same time China did not announce the end of the strict travel restrictions. Regular cruise traffic is therefore unthinkable in large parts of Asia in the foreseeable future.

At the same time, conflicts are developing between the neighboring countries around the South China Sea.

However , the Global Dream was designed precisely for this cruise area. Before being used in Europe or North America, the cabin, deck and drive concept would have to be fundamentally redesigned, which would also entail significant investments.

The Global Dream is now ready to the point where it could be towed anywhere in the world as an attachment to a deep-sea tugboat. In any case, if a buyer pays the desired amount, which should also cover the guarantees from the state of Mecklenburg-Western Pomerania.

If no buyer with a serious offer can be found in the coming weeks, the insolvency administrator will have to opt for a sale in a bidding process. Then shipbrokers with contact to shipbreaking yards can also submit their bids. The ship's scrap value has risen to due to the rise in scrap prices. FB