Meyer Group forms Meyer Wismar to complete Global Dream
MEYER Group will complete the build of the cruise ship under construction at the former MV Werften in Wismar for Disney Cruise Line. (more…)
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Disney Cruise Line Announces Acquisition of Ship with Plans to Visit New Markets. Announces acquisition of partially completed Global Dream
Disney announced the acquisition of a partially completed ship that will bring the magic of a Disney Cruise Line vacation to new global destinations. (more…)
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Disney Negotiating to Buy Genting’s Largest Cruise Ship “Global Dream”
The team overseeing the resolution of the bankruptcy of Genting Hong Kong confirmed that a court in Bermuda has ordered the liquidation of the company’s remaining assets to proceed. (more…)
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Disney Could Be Interested in 9,000-Passenger Global Dream Cruise Ship
After much uncertainty over the last months about what would happen with the largest cruise ship by passenger volume in history, there seems to be a buyer for Global Dream after all. (more…)
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From record-setter to rubbish: World’s biggest cruise ship to be scrapped without sailing a single voyage
An unnamed cruise vessel of nearly record proportions that has been under construction in Germany for an Asia-focused cruise line will be scrapped before sailing a single voyage, according to German shipping magazine anBord. (more…)
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Second Genting Newbuild To Be Sold for Scrap
According to news reports, the unfinished hull of Genting Cruise Lines’ second Global Class newbuild will be sold for scrap. The 208,000-ton vessel was in early stages of construction at one of MV Werften’s facilities in Warnemunde, Germany, when the shipbuilding complex declared bankruptcy earlier this year. (cruiseindustrynews.com)
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Genting’s Cruise Ship Ambitions Reborn through Resorts World Cruises
Genting Hong Kong had to make a quick exit from the cruise ship business earlier this year over financial troubles. Now, Genting Group, its parent company and the operator of casinos around the world, apparently isn’t ready to give up its dreams. (more…)
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Genting’s Global Dream, the unfinished world’s biggest cruise ship, is up for sale
The sale of Genting Hong Kong’s unfinished mega-liner Global Dream has already lured plenty of potential buyers, including billionaire ex-Genting boss Lim Kook Thay. (more…)
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‘Global Dream’ turns into nightmare for German port town
The unfinished “Global Dream” rests quietly in a dock as the Covid-19 pandemic has turned the cruise ship into a nightmare for the shipyard in Wismar along Germany’s windswept Baltic coast. (thelocal.de)
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German court denies Genting Hong Kong’s bid for US$88 million in funding
A German court has ruled against Genting Hong Kong as the cruise ship operator looks to access US$88 million in funding from the State of Mecklenburg Vorpommern. (asgam.com)
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Genting Hong Kong may file for liquidation as funding dries up
Genting Hong Kong Ltd may file for provisional liquidation as soon as Tuesday after it wasn’t able to secure funds to help it stay afloat following an insolvency of its German shipbuilding subsidiary. (freemalaysiatoday.com)
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Genting Hong Kong expects court ruling on 17 January
Genting Hong Kong, whose MV Werften cruise ship building unit filed for insolvency earlier this week, expects a court in Germany to publish its ruling on a dispute over funding to be published on 17 January. (cruisebusiness.com)
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Cruise Ship Builder MV Werften Files for Bankruptcy
MV Werften filed for bankruptcy protection on Jan. 10 according to German media reports. The shipbuilder, owned by Genting, has not paid December salaries to approximately 2,000 employees. (cruiseindustrynews.com)
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Questions Over Future of MV Werften
Shares of Genting Group were halted on the stock market on Friday as news reports out of Germany signaled problems for Genting-owned MV Werften. The yard recently completed the Crystal Endeavor with the huge Global Dream for Dream Cruises set to be delivered later this year, with a sister ship following in 2023. (cruiseindustrynews.com)
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Genting Hong Kong subsidiary teetering on insolvency amid protracted talks on German aid
Cruise ship operator Genting Hong Kong Ltd’s indirect wholly-owned subsidiary MV Werften Holdings Ltd (MVWH) is reported to be teetering on insolvency as it finds itself in protracted negotiations with the German federal and state governments over long-promised financial assistance. (theedgemarkets.com)
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ALMACO completes crew accommodation areas and guest public areas for “Crystal Endeavor” at MV Werften shipyard
ALMACO completed the areas onboard “Crystal Endeavor” on time prior to the vessel delivery. The steel-to-steel installation included interior and background outfitting. (more…)
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MV Werften Announce New Supervisory Board, Additional Management Directors And Carsten Haake As Ceo
After the successful conclusion of the negotiations on the bridging loan (WSF), together with the representatives of the federal government, the state and the shareholder, and the first partial repayment of 193 million euros by the shipyard in June of this year, the shipyard group is currently focused on completion of the first Global Class ship, the “Global Dream” in 2022 and complete financing for the completion of the second Global Class ship in 2024. (more…)
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Crystal Endeavor Departs Stralsund, Germany And Sails to Iceland for Inaugural Voyages
Today, (July 10, 2021), “Crystal Endeavor”, the first “Made in Germany” Polar Class 6 (PC6) luxury expedition yacht, cruised out of MV WERFTEN shipyard in Stralsund where she was designed and built accompanied by the sound of Crystal’s beloved sail away song “What a Wonderful World” by Louis Armstrong. (more…)
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Genting Hong Kong to build, manage cruise ships for global hotel brands
Genting Hong Kong has revealed plans to build and manage a new line of cruise ships on behalf of international hotel brands. Speaking at a naming ceremony for the recently completed Crystal Endeavour at the company’s MV Werften shipyards in Germany on Saturday, Genting Hong Kong President and CEO Colin Au said the Universal-class ships will be “designed like airplanes, where function is more important than form, simplifying the design and production process and reducing costs, while allowing for customization by hotel and other brands.” (asgam.com)
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Crystal Expedition Cruises Names Manuela Schwesig, Prime Minister of Mecklenburg-Western Pomerania in Germany as Godmother of Crystal Endeavor
Today, June 25, 2021, Crystal Expedition Cruises announced Manuela Schwesig, Prime Minister of Mecklenburg-Western Pomerania, as the Godmother for new luxury expedition yacht Crystal Endeavor. (more…)
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