Carnival Corporation, the world’s largest cruise company, has announced that it has signed a memorandum of understanding with the China State Shipbuilding Corporation to explore the possibility of a joint venture aimed at accelerating the development and growth of the Chinese cruise industry, expected to be one of the largest cruise markets in the world with 4.5 million passengers by 2020, according to the Chinese Ministry of Transport.
Signed at the Ninth China Cruise Shipping and International Cruise Expo in Tianjin earlier this week, the memorandum of understanding outlines the framework for exploration of a partnership between Carnival Corporation and the China State Shipbuilding Corporation that includes the possibility of forming a shipbuilding joint venture that could become a three-way arrangement involving Fincantieri of Italy, the world’s largest cruise ship building company, in support of the Chinese government’s plans to grow the cruising industry in China and meet escalating demand for cruises from Chinese travelers.
As part of the possible shipbuilding joint venture, Carnival Corporation would work closely with CSSC and Fincantieri to help define the first-ever, world-class cruise ship built in China. Under the joint venture concept, Carnival Corporation would provide its ship design and shipbuilding expertise to create the vision, definition and overall specifications for the China-built cruise ship.
In the past year, the Chinese Ministry of Transport has expressed its strong desire to transform China into a leading global cruise market, including investments in infrastructure and developing a strong domestic cruise presence to help spur growth in cruising as a key component of the expanding tourism industry in China.
(Photo of Sapphire Princess, which sails from China, courtesy of Carnival Cruises)

Click Here to Continue Post

The post Growing the Cruise Industry in China appeared first on Cruise Currents .

About The Author

Leave a Reply

Your email address will not be published.

Leave a Reply

Comments