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- Cruises can be retired after sailing for several decades or experiencing a catastrophic failure.
- The ships can still be valuable for its materials or be retrofitted to serve another purpose.
- In some cases, ships are outright abandoned because the costs to retrieve them are too high.
Cruise ships, it turns out, are expensive pieces of equipment to build.
According to The Points Guy, modern cruise ships can cost between $500 million to $900 million.