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The Global Dream is Over For Now For Dream Cruises Mega-Ship

The ship is being built at Genting Hong Kong's shipyards now in bankruptcy.

When Genting Hong Kong announced that they planned to fold up the company, the statement read that it was hoping to have Dream Cruises continue operating. Genting Hong Kong is the parent company of Crystal Cruises, which has already suspended operations, Star Cruises and Dream Cruises.

Both the Dream Cruises and Star Cruises websites are no longer accepting bookings, so it would seem both are also victims of Genting Hong Kong's severe financial problems.

Another possible casualty will be Dream Cruise's new mega-ship called the Global Dream. The ship is currently under construction at the Genting Hong-owned MV Werften shipyards in Germany. One week ago, Genting Hong put both those shipyards under bankruptcy protection.

Travel Weekly is reporting that the German Government had hoped to keep the yards open, but the billionaire owner of Genting Hong Lim Kok Thay, was not interested in helping out.

According to Travel Weekly, The German Government had earlier said it was willing to discuss a 600 million euro ($678 million) bailout plan to protect 1,900 jobs at MV Werften. German officials made it clear that they wanted Genting, which Malaysian billionaire Lim Kok Thay, to contribute at least 10% to the rescue effort.

Habeck called it "bitter news" for those employees in the economically depressed state of Mecklenburg-Western Pomerania.

The ship, when completed, would have been the world's largest class cruise ship at an impressive 204,000 gross tons and a maximum passenger capacity of 9,500 or 5,000 at double occupancy across a total of 2,503 cabins.

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