The two parties will work together to foster an integrated cruise industry chain including ship operation, research and design, and a new international cruise industrial park in Shanghai.
RMB50bn investment planned
CSSC Cruise Technology Development plans to invest RMB50bn to develop the cruise business and build a fleet consisting of around eight to 10 Chinese-funded cruise ships by 2030.
Yang Guobing, chairman of CSSC Cruise Technology Development, said the company aims to become China's leading cruise ship operator, and will work closely with Shanghai to support the city’s cruise business development.
CSSC Carnival Cruise Shipping Ltd.
CSSC has been accelerating its development in cruise shipbuilding in recent years. The company formed the Hong Kong-based joint venture CSSC Carnival Cruise Shipping Ltd. with Carnival Corp. & plc in 2015.
Fincantieri joint venture
In 2016, it established a joint venture with the world's top cruise shipbuilder, Fincantieri, to strengthen its cruise ship design and construction capability.
In 2017, CSSC and Carnival Corp. announced plans to build two cruise ships (133,500gt each) at Shanghai Waigaoqiao Shipbuilding for the joint venture. The first delivery is scheduled in 2023.