Chinese Investor Produces Cruise Ship in Germany

November 2019

342 meters long and 46 meters wide with space for 9500 passengers and 2200 crewmembers and a price tag of more than one billion euros. Those are the dimensions of the luxury ocean liner “Global 2” series, with which the Chinese company Genting Hong Kong wants to service the growing Asian demand for cruise vacations.

To produce such vessels of such enormous size, Genting bought failing shipyards in the northeastern German cities of Wismar, Stralsund and Rostock-Warnemünde and formed a subsidiary called MV-Werften. The Chinese parent company says it has spent 230 million euros in modernizing these facilities and has already invested 840 million in the region.

Construction work on the huge cruise ships has created around 3000 jobs in the region and provides work for some 600 companies, half of them from Germany. Parts of the megaliner are being built in all three locations, and final assembly takes place in Wismar.

The first of the global class ships, “Global Dream,” is scheduled to make its maiden voyage in 2021.

Cruise ship of the “Global Class” in Wismar © MV-Werften