Thursday, April 11, 2024

One Year Later, Heres What Happened to Genting Cruise Lines Ships

global dream cruise ship

The onboard retail shops cover an area of ~18000 ft2 (1680 m2) and sell ultra-premium merchandise in the categories Food & Gifts, Beauty & Fragrance, Fashion & Accessories, Watches & Jewelry, with product introductions, brand-firsts and unique promotions. With GT 204,000 tons and max passenger capacity 9500, Global Dream is one of the largest passenger liners in the world. For comparison, the ever-largest (Royal Caribbean's Oasis-Class) have GT tonnage 228,000 tons. The brand already has two more new vessels on order for delivery in 2024 and 2025.

DCL's upcoming island destination called "Disney Lookout Cay at Lighthouse Point"

As you can see in the concept art above, the exterior will be adorned in the iconic, Mickey Mouse-inspired colors of the fleet, complete with signature red funnels. Still, the ship will not be sold in a rush despite it sitting unfinished in a German shipyard that has filed for insolvency, according to Christoph Morgen, the German court-appointed provisional insolvency administrator for MV Werften, the shipbuilding unit owned by Genting. On March 8, 2018, MV Werften actually conducted two steel-cutting ceremonies - one at the Wismar Shipyard and another at the Warnemunde-Rostock Shipyard. The construction process involves around 600 companies (subcontractors / equipment producers and suppliers). The steel-cut ceremonies were attended by Tan Sri Lim Kok Thay (GHK's CEO and Chairman). Both the size of the vessel and its projected passenger count are far bigger than what is typical for a Disney ship.

Disney Cruise Line drops name updates for new ship, Bahamas destination - Orlando Sentinel

Disney Cruise Line drops name updates for new ship, Bahamas destination.

Posted: Sun, 10 Sep 2023 07:00:00 GMT [source]

Disney Renames Global Dream Disney Adventure

“These ships are not only the largest cruise ships to be built in Germany; they are also the most technologically advanced with artificial intelligence. The Global Class ships will follow the embrace of Asians of artificial intelligence in their daily lives, with facial and voice recognition for most services onboard and robots to perform mundane tasks, allowing the crew to focus on service delivery”, he added. Global Dream II and its sister ship Global Dream – which is not being scrapped for now – would have been the world’s largest cruise ships by passenger capacity when complete. Construction will be completed at the former MV Werften shipyard in Wismar, Germany, under the management of Meyer Werft, the Papenburg-based company that built the Disney Dream, Disney Fantasy and Disney Wish. The ship’s previous owner filed for bankruptcy before completing the vessel, enabling Disney Cruise Line to secure it at a favorable price and within the capital expenditure guidance The Walt Disney Company provided on its recent earnings call.

Meyer Group forms Meyer Wismar to complete Disney's ship Global Dream

With facial recognition, there will be minimal queuing for boarding, disembarkation and payments; contextual marketing to even out demand on ship facilities and other artificial intelligent systems. The keel laying ceremony for the Global-Class flagship took place at MV WERFTEN’s Rostock shipyard on September 11, 2018. The video of the ceremony is embedded below, but at the time of publication can only be watched on YouTube.

Mr Morgen declined to give a price for how much it will cost to complete the ship but said he wants interested buyers to bid for the whole value of the completed vessel and not simply “completion costs plus a little on top". Its powerplant is based on Wartsila 32 methanol engines as opposed to the popular dual-fuel engines running on either LNG or conventional marine diesel fuels (LFO-Light Fuel Oil, HFO-Heavy Fuel Oil, or biofuel). MS Global Dream has a huge duty-free shopping mall (DFS-T Gallery at Sea) operated via partnership between Genting Cruise Lines, DFS and Starboard Cruise Services. DFS Group (1960-founded, Hong Kong China-based travel retailer) and Starboard Cruise Services (1958-founded premier cruise retailer) are both subsidiaries of LVMH (1987-founded, Paris France-headquartered multinational).

Who Will Disney's Converted Global Dream Cruise Ship Be For?

The administrator Christoph Morgen reportedly told a press conference on Friday that the ship needed to be moved out of MV Werften’s Wismar shipyard by the end of the year because the yard had been sold to Thyssenkrupp’s naval unit, which plans to build military vessels there. Disney expects that its new ship will accommodate approximately 6,000 passengers with around 2,300 crew members. The 342-metre liner, about as long as a football field and designed to carry 9,500 passengers, was heralded as ushering in a new era of mega ships that could tap Asia’s growing cruising market. The newbuilds were planned for assembly at 3 different MV Werften-owned shipyards. GHK's total investment in this shipbuilding project was ~EUR 3,1 billion (~USD 3,44 billion).

The vessel's original shipbuilder halted construction earlier this year after declaring bankruptcy.

A sixth ship -- Disney Treasure -- is currently under construction and is expected to join the fleet in 2024. “MV Werften planned to finish construction of the vessel, repay all debt, repay the state and have some equity value left,” said Morgen. Most of the interested parties are cruise ship companies or operators backed by private equity, he said. Some serious investors have already signed non-disclosure agreements to engage in talks.

Disney Cruise Line acquires the unfinished Global Dream cruise ship, a 208,000 gross ton vessel expected to set sail in 2025. Weighing in at about 208,000 gross tons, the ship is expected to be the first to run on green methanol, an emerging fuel source with lower emission levels than liquefied natural gas. Demand for cruise ships has collapsed since the start of the coronavirus pandemic.

global dream cruise ship

Cruises

On July 31, 2018, the shipbuilder MV WERFTEN Wismar GmbH contracted Almaco Group to install the new ship's staterooms (pre-fabricated cabin modules) and other equipment. By this deal, Almaco will install all the Wismar Shipyard-produced staterooms (all passenger and crew cabins), various crew-only areas, hallways and staircases. Almaco will manufacture and supply all the ship's suite cabins, which will be installed at the Warnemunde-Rostock Shipyard. Space Cruiser has 300 m (985 ft) long track and 3 Spike carts (with positive locking devices and powerful electric motors).

Global Dream II was also in the process of being built by MV Werften when the company declared bankruptcy. Earlier this year, the project was scrapped entirely, despite having already cost $1.4 billion, according to Jalopnik. Nearly a quarter of a billion dollars would be required to complete construction, which might explain why no one has attempted to salvage the project.

He is optimistic a deal will be struck before or by summer, when the shipyard in Wismar, Germany that is building the mega Global Dream runs out of money. Once that happens, it will be harder for the shipyard to return to normal operations, he said. MV Werften’s provisional insolvency in early January was a critical turning point for the company, which became the world’s biggest cruise operator to seek court assistance to protect its assets during the Covid-19 pandemic when it filed a wind-up petition days later. The vessel's waste and water management system was provided by Evac (the world's leading company building integrated waste-wastewater-water management systems). The company's Complete Cleantech Solution package includes a vacuum collection system, wastewater treatment plant, dry and wet waste treatment plant, freshwater desalination plants (based on reverse osmosis). The freshwater generation plants have capacity to produce 3000+ m3 of freshwater per day.

Global Dream II, which was designed to hold more than 9,000 passengers, had almost been completed at a shipyard on Germany’s Baltic coast. However, the shipbuilder MV Werften filed for bankruptcy in January 2022 and the administrators cannot find a buyer for Global Dream II. The Global class is a class of cruise ships constructed by the German shipbuilder MV Werften for Genting Hong Kong.

In order to expand the Disney Cruise Line vacation experience to new international locations, Disney has been negotiating to acquire a mega cruise ship that was only about 75% complete when the original company went bankrupt. The cruise ship then known as the Global Dream will be finished in Wismar, Germany, by Disney and the prestigious Meyer Werft shipbuilding business. On January 9, 2017, MV WERFTEN signed a contract with ABB for the delivery of Azipods (power-propulsion units), automation systems and the marine software for all 5 new Genting ships ordered for the brands Crystal and Star. The three Crystal vessels are from the Crystal Endeavor series superyachts (Polar Class 6) - the first purpose-built ships for the contemporary Chinese market regarding onboard amenities and services (food, culture events, shows, enrichment programs, shopping, tours/excursions. The building of cruise ships is a new challenge and the great chance to prove that shipbuilding in Mecklenburg-Western Pomerania has a future,” said the Prime Minister of Mecklenburg- Western Pomerania, Manuela Schwesig.

It will be renamed, likely in line with the other Disney Cruise Line ship names (such as Disney Magic, Disney Wish, and Disney Dream). Currently in a shipyard in Italy, the 2003-built vessel is set to resume service this year, offering a series of worldwide itineraries. The purchase also ensures the continued employment of hundreds of workers who were formerly employed by the MV Werften shipyard, which is where the vessel was under construction before being paused. We finally know the outcome of the much talked about Global Dream cruise ship, which had a very unclear future for many months. Disney Cruise Line has now confirmed that it has purchased the vessel, which will join the Disney fleet in 2025.

The cruise line has also revealed that Disney Adventure will feature innovative Disney experiences along with the entertainment, dining and guest service features found throughout Disney Cruise Line's fleet. Overall gross tonnage -- actually a measurement of space, not weight -- is set at roughly 208,000. By passenger volume, this makes the ship slightly smaller in size compared to Royal Caribbean's existing Oasis-class ships like Wonder of the Seas or the upcoming Icon of the Seas and even MSC Cruises’ new megaship, MSC World Europa. Under construction since 2018 and delayed due to the pandemic, the ship -- initially dubbed Global Dream -- was previously set to launch for Dream Cruises, catering mostly to Asian travelers, in 2022. However, Genting Hong Kong, the line's parent company, went bankrupt in early 2022, causing the unfinished ship to be put up for sale. After the completion of the Disney Wish, two more ships were expected to join the fleet.

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