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Giant Cruise Ship’s Maiden Voyage May Be to a Scrapyard

A shipbuilder in front of the stern of the "Global Dream" cruise ship under construction, in Wismar.

A shipbuilder in front of the stern of the "Global Dream" cruise ship under construction, in Wismar.

Photographer: Jens Büttner/picture alliance/Getty Images

An unfinished mega-liner that was to be one of the world’s biggest cruise ships by capacity is sitting in a German shipyard, waiting to be scrapped, because bankruptcy administrators can’t find a buyer, according to cruise industry magazine An Bord.

The lower hull of a liner known as Global Dream II, the second global class vessel from insolvent MV Werften shipyard on Germany’s Baltic coast, is to be disposed of at scrap price, An Bord reported, citing insolvency administrator Christoph Morgen. Machinery and much of the equipment, which had already been delivered, are to be sold, the German magazine cited Morgen as saying at a press conference on Friday.