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In Focus: China

China Merchants counting on cruise

China Merchants models.jpg
China Merchants Industry Cruise Shipbuilding showcasing cruise ship projects at Marintec: model of Shanghai Style Cruise's 37,000gt cruise ship with Yangtze river cruise model in background
China Merchants Industry Holdings has had ‘a significant year for cruise in 2019’ general manager Xianfu Hu said at Marintec China taking place this week in Shanghai.

The 145 year old company which covers numerous industry and trading areas counts cruise as one of its ‘strategic units’ Hu commented.

In September, its China Merchants Industry Cruise Shipbuilding arm(CMICS)  delivered polar expedition ship Greg Mortimer, the first of 7 plus three option cruise ships for SunStone, at the Haimen shipyard in Nantong. ‘On the same day as the handover of the first cruise ship built in China we also broke the ground for a Cruise Industrial Park in Haimen to create a local supply chain,’ said Hu.

Financial incentives

The free zone will contain a customised factory area, cabin unit production, cruise material and technology experiment testing centre, bonded warehouse and exhibition centre for suppliers to showcase products and services. The CMICS is offering financial incentives for companies to set up in the zone. The first phase will be finished end of 2020.

Laminam to join Industrial Park

At the show, Italy’s Laminam a manufacturer of large scale ceramic slabs signed a LOI to set up a factory at the Industrial Park, one of six companies currently signed up.

Haimen Shipyard is also expanding its facilities adding a roofed indoor building dock.  

Cruiseship orderbook

China Merchants’ cruise orderbook consists of 7 plus 3 expedition vessels; 1 plus three 37,000gt ships for Style Cruises, four 149.99mtr long luxury river cruise ships for the Yangtze.

China Merchants Shekou signed an MoU with Viking Cruises in April to form  a jv focused on building a cruise line dedicated to carrying Chinese passengers worldwide. CMICS is partnering with the jv to design and build new ocean cruise ships and negotiations are continuing.

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