Disney Cruise Line will acquire the unfinished Global Dream cruise ship that was being built at the former MV Werften, which filed for insolvency earlier this year.
Disney says it will work with German shipbuilder Meyer Werft to finish construction on the cruise ship.
The ship is expected to set sail in 2025 under a new name.
The 208,000 gross ton ship will be among one of the first in the industry to be powered by green methanol. Disney Cruise Line said it expects the passenger capacity to be approximately 6,000 with around 2,300 crew members.
Construction will be completed at the former MV Werften shipyard in Wismar, under the management of Meyer Werft, the Papenburg-based company that built the Disney Dream, Disney Fantasy and Disney Wish.
The ship was originally ordered by Asia-based Dream Cruises, which collapsed earlier this year along with its parent company Genting Hong Kong after the Covid-19 pandemic sapped demand for cruises.
The Wismar shipyard was acquired by Thyssenkrupp Marine Systems in October.
Disney Cruise Line said it was able to acquire the ship at favorable price and the project going forward will secure employment for hundreds of former MV Werften employees, as well as provide opportunities for numerous maritime industry suppliers in the region.
Disney Cruise Line in June christened the Meyer Werft-built newbuild Disney Wish, Disney’s first new cruise ship in a decade. Disney Wish is the first of three LNG-powered newbuildings on order for Disney Cruise Line and is the fifth ship in the company’s fleet.
Sign up for our newsletter