The team overseeing the resolution of the bankruptcy of Genting Hong Kong confirmed that a court in Bermuda has ordered the liquidation of the company’s remaining assets to proceed. This comes as reports from Germany indicate that media giant Disney has emerged as the frontrunner in the negotiations to acquire the incomplete cruise ship Global Dream. Efforts are also underway for the sale of the company’s remaining cruise ships and its hotel assets.

German lawyer Christoph Morgen reports that negotiations are proceeding for the sale of the Global Dream, a 208,000 gross ton cruise ship that was 75 percent complete when MV Werften ceased operations at the beginning of 2022. The German media outlet NDR is now reporting that Disney has emerged as the frontrunner in the negotiations for the cruise ship with speculation that Disney Cruise Line might use the vessel in Asia. The cruise ship, which measures 1,122 feet in length, is designed to accommodate approximately 9,500 passengers and more than 2,000 crew. Morgen has only confirmed that they are speaking with several bidders and hope to conclude a deal shortly.

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