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World Dream heads to auction in Singapore

CRUISE_World_Dream_in_Singapore.jpg
World Dream is shown alongside at Singapore's Marina Bay Centre in this file photo
Former Genting Hong Kong ship World Dream is heading to auction in Singapore.

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.

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