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The unfinished Global Dream rests quietly in a dock as the Covid-19 pandemic has turned the cruise ship into a nightmare for the shipyard in Wismar along Germanys windswept Baltic coast. Destined to have become one of the worlds largest liners, the Global Dream will be lucky to ever set sail a ..
Cruise ship operator Genting Hong Kong Ltd's indirect wholly-owned subsidiary MV Werften Holdings Ltd (MVWH) is reported to be teetering on insolvency as it finds itself in protracted negotiations with the German federal and state governments over long-promised financial assistance to mitigate the impact of Covid-19-driven movement restrictions which had stifled the global tourism sector’s growth, The Maritime Executive reported, quoting MVWH managing director Carsten Haake and a spokesperson for labour unions in Germany.
Genting Hong Kongs Germany shipbuilder MV Werften is reportedly teetering on insolvency as the compa...
Genting Hong Kongs Germany shipbuilder MV Werften is reportedly teetering on insolvency as the compa...