Dream Cruises, a premium Asian cruise line, ceased operations in early 2022 following the massive financial collapse of its parent company, Genting Hong Kong. The primary cause was a "liquidity crunch" triggered by the COVID-19 pandemic, which halted the global cruise industry for nearly two years. While other major lines secured billions in private lending, Genting Hong Kong struggled due to its heavy debt load and the insolvency of its German shipbuilding subsidiary, MV Werften, which was building the "Global Dream"—the world's largest cruise ship at the time. When the German government and Genting failed to agree on a rescue package, it triggered a cross-default on $2.8 billion of debt. Although Dream Cruises attempted to continue operations independently under provisional liquidation, the lack of fresh funding eventually forced the permanent suspension of its ships, including the Genting Dream and World Dream. In 2026, the legacy lives on through Resorts World Cruises, a new brand launched by the same billionaire founder, Tan Sri Lim Kok Thay, which now operates several of the former Dream Cruises vessels.