Carnival signs shipbuilding MoU in China

Carnival Corporation has signed a Memorandum of Understanding (MoU) to look at building ships and the cruise market in China.

The cruise giant has signed the MoU with the China State Shipbuilding Corporation (CSSC) to look at a possible joint venture that would also include Italy’s Fincantieri to build ships in China.

Under the concept Carnival would provide the ship design and lend its shipbuilding experience.

“This is really a breakthrough day for all of us at Carnival, as well as our friends at the CSSC and all Chinese travellers who are increasingly turning to cruises for their vacation experiences,” said Arnold Donald, CEO of Carnival Corporation. “This landmark agreement enables us to work closely with our partners at the CSSC to fully explore the possibility of forming a joint venture to further develop China into a leading cruise market, supporting local economic development and bringing vacation enjoyment to millions. We look forward to getting to work and lending the expertise of many talented people across Carnival Corporation.”

The Chinese Ministry of Transport has estimated there will be 4.5 million cruise passengers in China by 2020.

Next year Carnival Corporation will have four ships in China: Costa Serena, Costa Atlantica, Costa Victoria and Sapphire Princess.

sourced:traveldailymedia.com