Global Travel Media » Blog Archive Global Travel Media was correct again – Ocean Builders floating community on Pacific Dawn collapses - no surprise to us - with Pacific Dawn to be to be scrapped | Global Travel Media

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Global Travel Media was correct again – Ocean Builders floating community on Pacific Dawn collapses – no surprise to us – with Pacific Dawn to be to be scrapped

December 22, 2020 Cruise News, Headline News No Comments

The operator of the proposed Ocean Builders Satoshi floating Community on the former P&O Australia’s Pacific Dawn now claim that they were unable to obtain insurance for the concept of a community living aboard a former cruise ship, with the organizers of the project saying they have sold the former P&O cruise ship, the Pacific Dawn, for scrap.

It is very interesting that this issue appears now as Global Travel Media has written about Pacific Dawn’s acquisition by Ocean Builder a few time as below, casting what now appear to be justified doubt on the project.

Oct 15 – https://eglobaltravelmedia.com.au/is-australias-much-loved-pacific-dawn-really-sold-and-going-crypto-you-have-to-check-out-this-buyers-colourful-tale/

Nov 3 – https://eglobaltravelmedia.com.au/former-po-australia-pacific-jewel-to-be-scrapped-and-pacific-dawns-future-appears-uncertain

Nov 25 – https://eglobaltravelmedia.com.au/is-pacific-dawns-new-satoshi-crypto-life-a-reality

The announcement of the collapse of the projects was sent to potential investors, Ocean Builder’s CEO Grant Romundt writing,  “We will not be able to proceed because of archaic big insurance companies that cannot adapt to innovative new ideas,” adding “no protection and indemnity insurance company will insure the Satoshi.”  “Without insurance it cannot have a crew, which means the ship would lose its class rating and flag and any possibility of running any of the onboard businesses.”

He added, “Assuming it would be easy to get insurance to use the ship as a stationary residential cruise ship was incorrect.”

Beyond their size, the two ships were notable for their unique external style that was developed by famed Italian architect Renzo Piano. Responsible for many famous designs, including the Pompidou Center in Paris, Piano gave the ships a curved shape and a domed lounge above the bridge that was said to be inspired by a dolphin swimming through the water.

As the Regal Princess, she sailed for Princess Cruises till 2007 when she went to P&O Cruises Australia as the Pacific Dawn, cruising in the South Pacific

operating alongside her sister ship which joined her sailing from Australia starting in 2009 as the Pacific Jewel.

In an odd twist of fate, the sister ships will end their careers at the same time both on the beaches of Alang, India, with the Pacific Jewel in 2019 becoming Karnika, sailing for the start-up company Jalesh Cruises in India, with Jalesh going of business earlier this fall and Karnika recently arriving in India to be scrapped as pictured.

A report by John Alwyn-Jones

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