Slashdot is powered by your submissions, so send in your scoop

 



Forgot your password?
typodupeerror
×
Transportation

World's Largest Cruise Ship To Be Scrapped Before First Voyage (gizmodo.com.au) 155

The ship that would have become the world's largest cruise liner has been scrapped before it ever had the chance to take its maiden voyage. Gizmodo reports: Global Dream II was slated to carry 9,000 passengers and was built by German-Hong Kong shipbuilding firm MV Werften to the tune of nearly $US1.4 ($2) billion, according to the Daily Mail. It was nearly finished when the company went bankrupt at the start of this year. Since that happened, no buyer has stepped up to buy the 20-deck, 341.99 m-long monstrosity. That means it's now destined for the scrap heap. The Mail says that Global Dream II also features an outdoor waterpark and a movie theatre.

The capacity of this ship blows the second largest ship, the Oasis-class Wonder of the Sea which is owned and operated by Royal Caribbean, out of the water (I love a good pun). The Wonder of the Seas has a passenger capacity of only 6,988. Pathetic. Despite the $US1.4 ($2) billion put out to build this behemoth, the ship still needs about $US230,000,000 ($319,286,000) worth of work. Apparently, it is structurally complete, but equipment and passenger facilities still need to be finished. Eagle-eyed readers will have noted the "II" in the ship's name. Yes, there is a twin Global Dream, but it hasn't been given the ax... yet. The Mail reports that right now the two ships are being stored in a German shipyard in Wismar. However, that yard will soon be used to build military vessels. That means the Global Dreams have to be out of there by the end of next year.

This discussion has been archived. No new comments can be posted.

World's Largest Cruise Ship To Be Scrapped Before First Voyage

Comments Filter:
  • The company went bankrupt but I am sure the banks that funded this ship got significant profit.

    This is an outrageous example of capitalism corruption.

    While European governments pressures ordinary people to save on gas, electricity, survive with sky-rocketing price for anything, including essential food. We have those conglomerates companies performing large scale corruption. Not just corruption in the sense of old style mafias, (although I have the feeling, they share the same background), but plain corruption with direct damages on our economy, our environment.

    How much resources, virgin materials, have been sequestrated to build such non-sense, environmentally unfriendly of a cruise ship, nobody will ever use. The disposal of it, and recycle of what can be is neither 100% recovery of resources, neither free.

    • by gnasher719 ( 869701 ) on Friday September 09, 2022 @03:32AM (#62865943)
      This is frankly idiotic. The money is gone. The company is bankrupt. They donâ(TM)t have the money to repay any bank loans. The banks are the one who are losing. And the build started ages ago, long before Russia caught the rabies.
      • Re: (Score:2, Interesting)

        by drinkypoo ( 153816 )

        What's frankly idiotic is making excuses for the excesses of capitalism, which are destroying our life support system.

        Nobody should be allowed to begin a capital project like this without setting aside enough money to cover its termination.

      • by Shimbo ( 100005 )

        This is frankly idiotic. The money is gone. The company is bankrupt. They don't have the money to repay any bank loans.

        That is overstating it. They may not have the cash but they have assets, for example, an enormous shipyard. Banks will often have secured loans and be high on the list of people to get whatever value the administrators can salvage. It may be they have overextended and take a hit, or it may not.

    • The company went bankrupt but I am sure the banks that funded this ship got significant profit. This is an outrageous example of capitalism corruption.

      When you're fabricating a story to support your position, are you aware that you're doing it?

    • by DarkOx ( 621550 )

      Yes its capitalism but its not operating in the way you think and there is nothing corrupt about it.

      Decision to build that ship, and the agreements to capitalize and finance it were all made before the pandemic I would guess. Then into the pandemic there was the constant question should we stop will this end and when will things go back to normal?

      Now we know the pandemic is endemic. Most of the public believes (probably rightly) that another pandemic could start any time. They demand be packed into a float

  • by SciCom Luke ( 2739317 ) on Friday September 09, 2022 @03:57AM (#62866003)
    ...it must really suck for all those employees who have put this ship together, never to be able to see it set sail. They have worked for nothing for years.
    • by Opportunist ( 166417 ) on Friday September 09, 2022 @04:05AM (#62866017)

      Well, I hope they got paid.

      And let's be honest, who has the satisfaction of actually seeing his work coming to fruition these days? Ever been part of a project where you poured your heart into it only to see it canceled because the new manager didn't want his predecessor's work succeed and overshadow his own delusions of grandeur?

      • who has the satisfaction of actually seeing his work coming to fruition these days?

        Well many people do.

        Ever been part of a project where you poured your heart into it only to see it canceled because the new manager didn't want his predecessor's work succeed and overshadow his own delusions of grandeur?

        Yeah, once in my career. What you're describing exists but is not the norm, and the example I have experienced is overshadowed by the many examples of projects where I've had managers come and go while the projects have continued through to execution, and in some cases were even expanded on post execution. Arseholes exist, but the majority of people aren't one.

      • And let's be honest, who has the satisfaction of actually seeing his work coming to fruition these days?

        I do. It's my favorite thing about my job... what I do not only comes to fruition but directly improves the lives of billions of people (albeit in small ways that many of them don't notice).

        Though I did spend many years building things that were never used, and it sucks.

        • Congratulations. Not many people are that lucky.

          My work is pretty much making work for other people. Guess who is the most popular person in the office. I swear, if the cafeteria is packed and at a table there's only two people and nobody is joining them, and they're also ignoring each other, you have found internal auditing and IT security.

      • Been there, done that. Also even if the project does succeed, how often is the outcome really observable nowadays. Congrats, we increased metric ABC by 2%. Everyone go have a drink on the expense account and be back tomorrow to do the same thing with metric XYZ.

    • by quenda ( 644621 )

      ...it must really suck for all those employees who have put this ship together, never to be able to see it set sail. They have worked for nothing for years.

      It is sad, but quite common in many industries, including coders.

    • What doesn't suck is that they made real wages for all their hard work. I'm sure the backers of the project took a hit but for them it's likely a rounding error in their profits, while a whole lot of workers and craftspeople made a good living. And the ship never goes to sea, so it doesn't pollute with high-sulphur fossil fuel.

    • They have worked for nothing for years.

      Not true! Cruise ships represent environmental tragedy, and this waste of resources is a smaller environmental tragedy, so they still generally accomplished their goals.

  • by WebHikerOriginal ( 605852 ) on Friday September 09, 2022 @04:09AM (#62866029)

    Someone should set up a Kickstarter campaign to sell it off as timeshare or long term retirement.
    Loads of high-income, not too old people recently (or permanently kidless) who should nowfree up their real-estate to the younger generation, and that could invest in a long term floating city.

    • by quenda ( 644621 ) on Friday September 09, 2022 @04:25AM (#62866059)

      You can be sure a *lot* of very smart people did the maths on that, and plenty more options.
      It just was not worth the finishing cost and upkeep. Don't fall for the sunk cost fallacy.

      • Don't fall for the sunk cost fallacy.

        The sunk cost fallacy doesn't completely apply to whoever bought it from the bankrupt company. They only had to offer more than the scrap value + have $200 million to finish building it.

      • They did the math and this is an actual thing! E.g. you can have a 20 year lease for million bucks or so on this cruise ship, which ought to be long enough until the end of retirement: https://www.storylines.com/the... [storylines.com]

        It might be an investment scam or something, I would never consider such a thing, but it looks like someone's trying to sell the idea at least.

    • by bradley13 ( 1118935 ) on Friday September 09, 2022 @05:16AM (#62866143) Homepage

      The thing is: living in a tiny cabin is great for a week, when you get off the ship for excursions, eat great meals in the dining area, etc, etc.. However, living in one of those tiny cabins without the entertainment and food is likely to drive you nuts. Provide the entertainment and good, and you're back to being a cruise ship, with all the associated operational costs.

      These huge cruise ships that take thousands of passengers are not luxury vacations. They are mass tourism. No high-income people are going to pay to live in cattle-class accomodations. Real luxury cruises are different.

      • However, living in one of those tiny cabins without the entertainment and food is likely to drive you nuts. ... These huge cruise ships that take thousands of passengers are not luxury vacations.

        You sound like you're talking about a cruise you've had without looking at what's on offer elsewhere. Not only are luxury cruises on mass cruise liners a thing (even on the scale of the Oasis of the Seas) but many of these massive cruise ships offer year long travel options too. Many of these ships definitely have the equivalent of a first class which is very different to the drunks kids and retirees looking out of their little round window on the lower decks.

    • by splutty ( 43475 )

      Boats are really really expensive in maintenance. There's a reason they're called "Holes in the water you dump your money in."

    • Cruise ships are incredibly high cost to operate and maintain. There's no sunk cost here. You can't kickstarter it and then ignore it.

    • Am wondering why a billionaire isn't buying it up to make it into his private yacht.

      After all the most expensive private yachts are in the multi billion dollar range.

      https://www.prestigeonline.com... [prestigeonline.com]

      If it costs another 500m to 1b to buy it and customise it to be a yacht, he / she now has something that nobody else has. A yacht capable of handling all the needs of over 10000 people (including the 1000s of crew for a cruise ship) just handling the needs of one person / family / friends.

    • Before you think about using a cruise ship as a retirement home, Google for the hilarious story of the first crypto cruise ship âoeSatoshiâ. Since a company could buy this ship for say 270 million pound (200 for finishing it, 70 because you need to pay more than the scrap value), and 9,000 passengers, you could sell it for 30,000 pound per passenger. Dirt cheap for a retirement home.

      The problem is that a cruise ship lying on anchor is not where you want to be all year, and the running cost is e
  • 9000 passengers, and that's not counting the crew. When the Titanic sank a mere 1500 or so people drowned. If a ship this size sank it could eclipse the Titanic record by a huge margin. Of course a ship this size could never sink, could it?
    • No, it's impossible because of reasons.
    • by orlanz ( 882574 )

      You know the Titanic had 2k+ people onboard? Half the ship didn't stay afloat and we no longer hold such expectations.

    • by Ksevio ( 865461 )

      Modern ships do have sufficient life boats for everyone aboard and better communications than the Titanic did

    • by tlhIngan ( 30335 )

      9000 passengers, and that's not counting the crew. When the Titanic sank a mere 1500 or so people drowned. If a ship this size sank it could eclipse the Titanic record by a huge margin. Of course a ship this size could never sink, could it?

      Except we have had over a century's worth of safety improvements since then.

      First, there was a hugely complex formula used to compute how many lifeboats need to be on a ship back then. It was based on the number of first class, second class and third class people. These d

  • Seem like the proper venue for an exclusive screening of "Batgirl"
  • by TigerPlish ( 174064 ) on Friday September 09, 2022 @08:59AM (#62866507)

    What, When, Where, Who, Why.

    What none of these articles makes clear is that the failed entity isn't just the shipyard, it's Genting Hong Kong, who owns (owned?)

    o Star Cruises
    o Crystal Cruises
    o Dream Crusies (The actual owners of this ocean-going carbuncle)
    o Resorts World Manila
    o MVWerften (the shipyard that knotted this carbuncle together)

    All info sourced from wiki. In less than 5 minutes.

    Christ on a crutch, journalism is truly well and dead. "Think what we want you to think!!" instead of "Here's the facts, make of them what you will."

    I'll note it is rare for the shipping / cruise lines to own their own shipyard. The very reason I had to look this up is because typically a line will pay for a ship, to be built by some shipyard. Every article linked intimated it was the shipyard that went bust. NONE made the connection that the entire enterprise went bust. None even mentioned the owner of the ships.

    And people wonder why things are the way they are. Could shit manipulative "activist" journalism have anything to do with it?

    Naah. Easier to manipulate the people instead of giving them the information and letting them make up their own minds.

    • "Think what we want you to think!!" instead of "Here's the facts, make of them what you will."

      This should be emphasized more in the real world.

    • I think the shipyard was sold to ThyssenKrupp wo will need to from Dec 2023 to build new ships for the German navy (needed now in case Russia gets more stupid ideas). Now the reason why it was sold may be lack of money.
  • homless housing (Score:4, Interesting)

    by awwshit ( 6214476 ) on Friday September 09, 2022 @09:55AM (#62866639)

    Run it over to Los Angeles. Use it as homeless housing. California should really buy it, burns up the budget for homeless housing and solves the NIMBY issues with homeless housing. Should be available at bargain prices.

  • 1. Crowd fund it
    2. Turn into a museum
    3. Use it as a cargo ship

    Don't scrap it for God's sake! Most of the stuff that went into it is unrecoverable. :(

  • It's another blatant waste of money, the ship could also be transformed into something more usefull like a large hospitalship or refugeecamp, UN could use it to put in use when another disaster strikes, which happens more then often these days, and will happen even more. This would also be a great test site for learning how to live in a floating city when the waterlevel raises more and more.
  • maybe al-qaeda or russia will buy both of them and wedge them in the suez and panama canals

The most exciting phrase to hear in science, the one that heralds new discoveries, is not "Eureka!" (I found it!) but "That's funny ..." -- Isaac Asimov

Working...