On a day when Portugal's Mystic Invest signed for €165m in financing from China's ICBC Leasing—which covers sale-lease deals for three expedition cruise ship newbuilds at WestSea Viana—principal Mário Ferreira told Seatrade Cruise News his company is opening a US office to promote expedition and cultural sailings under the Mystic Cruises brand.

Norwegian Cruise Line Holdings shares surged 4% in early trading Thursday after the company reported record third quarter earnings, raised guidance and set a bullish tone for the Caribbean, Alaska and Europe.

Fast-growing MSC Cruises has much to offer the Caribbean, particularly access to a broad market of European travelers—up to 50% who return for land vacations, executive chairman Pierfrancesco Vago said in his keynote address to the FCCA Conference & Trade Show in San Juan on Tuesday.

Costa Atlantica and Costa Mediterranea are going to be transferred into CSSC Carnival Cruise Shipping Ltd. to start this new China cruise brand, a joint venture between Carnival Corp. and China State Shipbuilding Corp. (CSSC).

It's official: The contracts have been signed for the first two cruise ships to be built in China to operate for the new Chinese cruise brand CSSC Carnival Cruise Shipping Ltd. This seals agreements announced in February 2017.

For the second year in a row, a French delegation composed of cruise-club executives from three French Atlantic ports (Valérie Conan of Le Havre Cruise Club, Laurence Bouchardie from Bordeaux Cruise Club and Guillaume Henry at Cherbourg Cruise Club) and a representative from the Mediterranean region promoting 12 ports (Anne-Marie Blum from Var Provence Cruise Club) attended the recent Seatrade Cruise Asia Pacific held in Baoshan, Shanghai.

Pullmantur Cruceros will operate four cruises from Malaga next month on two ships, accounting for a total of around 5,000 boarding guests.

After a decade of expotential expansion, internationally and locally-based cruise executives are calling for more practical actions to further boost and stabilize the growth of cruising in China.

Though Asian-sourced cruise numbers hit another record in 2017, topping 4m, China—accounting for 59% of all Asian passengers, or 2.4m—experienced a slower growth rate due to regulatory issues and some reductions in ship deployment.

Following the recent end of the SkySea Cruise Line joint venture and Norwegian Cruise Line’s decision to move its built-for-China ship, Norwegian Joy, to Alaska in spring 2019, there are concerns China’s cruise industry is on the decline after a decade of double-digit growth. However, the central government authorities and major cruise lines gave a differing and more bullish view during Seatrade Cruise Asia Pacific on Wednesday.

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