Always wanted to own a giant cruise ship? Here's your chance
Call it the ultimate holiday gift for the cruising fanatic, whether that be you, your spouse or a good friend.
In a relatively unusual occurrence, one of the world's newest and largest cruise ships, the 150,695-ton World Dream, will be auctioned off to the highest bidder at a sheriff's sale on Dec. 21 — and anyone can bid.
That means that — with a high-enough bid — you could be in possession of one of the world's most state-of-the-art cruise vessels in time to visit it for the holiday week between Christmas and New Year's Day.
Not that you could do much with it — at least not initially. The 18-deck-high ship, currently anchored off Singapore, is designed to operate with a crew of nearly 2,000 people, none of which would come with the purchase.
Originally built at a cost of nearly $1 billion for the now-defunct, Asia-based line Dream Cruises, the five-year-old vessel is being sold "as is, where is," according to the office of the sheriff of Singapore, which is conducting the auction. That means that it won't come with crew or formal instructions on how to operate it.
Plus, you better be ready to pick it up.
World Dream has been under arrest in Singapore since Dream Cruises and its parent company, Genting Hong Kong, went out of business earlier this year.
The vessel auction is being conducted by the sheriff of Singapore by court order to raise money to pay off the company's debts.
According to a notice of the sale on a Singapore government website, anyone who puts down a $50,000 deposit can bid on the vessel. If you don't win the bidding, you get the $50,000 back.
Before you put in a bid for just a few dollars, hoping for a bargain, know that there's a caveat to what you'll end up paying: In addition to the winning bid, whoever buys the vessel will also have to pay for the unconsumed fuel remaining in the ship's fuel tanks, which is worth $1,175,887, according to the sheriff's office.
If history is any guide, an existing cruise line or ferry company looking to add to its fleet, or a company planning to get into the cruise or ferry business, will likely buy the vessel.
Just two weeks ago, Disney Cruise Line purchased another cruise vessel that was under construction for Dream Cruises when the latter line went out of business — the 208,000-ton Global Dream. In that case, the ship was being sold by a liquidator for the shipyard building it. The shipyard, Germany's MV Werften, also was owned by Genting Hong Kong and went out of business at the same time as its parent company and Dream Cruises.
Disney plans to overhaul Global Dream, which is three-quarters finished, to give it Disney-themed features before putting it into operation in 2025.
Related: Disney soon will own one of the world's biggest cruise ships
An auction for one of the world's newest and biggest cruise ships is relatively rare. Constructed by the Meyer Werft shipyard in Papenburg, Germany — known for its work on vessels operated by Norwegian Cruise Line, Disney Cruise Line, Celebrity Cruises and several other major lines — World Dream was one of the most advanced cruise ships in the world when it debuted in 2017.
Built specifically to cater to the Asian market, the ship features 35 restaurants and bars, showrooms, a decktop water park with six water slides, multiple pools, a ropes course, a rock-climbing wall and a miniature golf course.
Designed to hold up to 5,000 passengers, World Dream is now the 36th biggest cruise ship in the world, though it ranked higher when it was initially unveiled. It's roughly the same size as Norwegian's Breakaway-class vessels (Norwegian Breakaway and Norwegian Getaway), which also were built at the Meyer Werft shipyard in Germany.
For anyone serious about making a go of it, bids for the vessel are due by 3 p.m. Singapore time on Dec. 21; bids must be in a sealed envelope marked "Tender for WORLD DREAM" and sent to the sheriff's office in Singapore. A local banker's draft for the $50,000 deposit made out to The Sheriff Of Singapore must be included in the envelope.
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There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)Pros
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- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
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- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
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- Annual Fee is $325.
- Terms Apply.
Rewards Rate
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
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You may be eligible for as high as 100,000 Membership Rewards® Points after spending $6,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.As High As 100,000 points. Find Out Your Offer.Annual Fee
$325Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.Excellent to Good
Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)Pros
- 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
- Solid welcome bonus
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.