Sponsored By

World Dream heads to auction in SingaporeWorld Dream heads to auction in Singapore

Former Genting Hong Kong ship World Dream is heading to auction in Singapore.

Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

November 29, 2022

1 Min Read
Credit: Seatrade Cruise News

This follows its arrest there by Germany's KfW IPEX-Bank in March.

Bids due Dec. 21

The High Court of Singapore ordered a sale by sealed tender, with bids due Dec. 21 at the Sheriff of Singapore's Office.

The 2017-built ship had sailed for Dream Cruises until Genting HK's demise. It measures 150,695gt with capacity for 5,000 passengers.

The Sheriff's Office did not set a reserve price and reserved the right not to accept the highest or any bid.

Genting Dream's sister

World Dream is the sister of 2016's Genting Dream, currently sailing for Resorts World Cruises on lease from a consortium of Chinese banks that acquired the ship for $900m in 2020.

One industry source estimated a cash bid for World Dream would need to be near $400m and said less than that could possibly result in KfW itself purchasing the ship in the hope of better prospects.

About the Author

Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She has been the cruise columnist for AFAR.com, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

The latest cruise news, analysis and more straight to your inbox
Get the free newsletter read by industry experts

You May Also Like