Huge 9,000-person ship to sell for £900m or be scrapped before it sets sail

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The giant 9,000-person, fully-built cruise ship set to be scrapped before it ever set sail has been given a valuation of £900 million – and just one year to save it.

Earlier this year, we reported how the Global Dream ship had been sitting inside a a German shipyard alongside its sister ship Global Dream II.

The latter was waiting to have some of its fixtures as well as its engines ripped out and sold – as it had already been decided that it would not be worth selling whole.

READ MORE: Giant 9,000-person cruise ship sent to scrap heap – before it's ever set sail

But the Global Dream ship is still clinging on for dear life.

It was built by MV Wefrten, according to German cruise-industry magazine An Bord, and accommodates more passengers than any other cruise ship.

The ship was owned by Genting Hong Kong, but they filled for bankruptcy at the start of this year.

The first Global Dream ship is also unfinished in the same dock, but time is running out to find a buyer for the pair as the shipyard is going to make only submarines from 2024.

Images of Global Dreams ship shows a modern cruise-liner with a water park on the top deck, a huge posh cinema inside and enough bedrooms for 9,000 passengers across 20 decks.

The exterior of the ship was covered in elaborate art, including a multi-coloured astronaut flying using a jet pack, with a rocket ship behind him.

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The pair of ships would have weight around 208,000 tons each, making them jointly sixth largest cruise ships by size, behind the Royal Caribbean's five Oasis-class ships.

But to purchase and finish building the Global Dreams ship you would need to part with the best part of £1 billion, according to MW Werften's administrator Chrisoph Morgen.

He told German newspaper Die Welt that, while it is structurally complete, it still needs some equipment and passenger facilities completing.

The ship has so far cost around £1.2 billion to build, which is just shy of its £1.4 billion budget.

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For those fans of cruise ships, fear not – there are apparently suitors vying to buy it.

According to cruise experts TradeWinds, Stena is looking to buy the ship in the hopes that it will give its Chinese cruise business a boost.

TradeWinds explained: “The Global Dream would have no problems finding a buyer in a strong cruise market.

“Faced with the tight deadline to get the Global Dream out of its building dock by the end of 2023, recycling the ship in Turkey is a last resort that Morgen hopes to avoid.”

The future of the huge ship hangs in the balance…

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