Carnival Corporation Launches Cruise Joint Venture in China

Carnival Corporation & plc (NYSE LSE: CCL;NYSE: CUK), the world s largest leisure travel company, today announced that its cruise joint venture with China State Shipbuilding Corporation (CSSC) will launch this week under the name CSSC Carnival Cruise Shipping Limited.

Release time : 2018-11-07 09:44:35

source : PR Newswire

World's largest leisure travel company and China State Shipbuilding Corporation set to formally launch cruise joint venture this week under the name CSSC Carnival Cruise Shipping Limited

New cruise company in China to purchase two existing ships from Costa Group, with the first ship expected by end of 2019 to begin serving guests as part of the JV fleet

Joint venture also finalizes previously announced agreement for world's first two new cruise ships to be built in China for the Chinese cruise market, the first of which will be delivered in 2023

Carnival Corporation & plc (NYSE/LSE: CCL;NYSE: CUK), the world's largest leisure travel company, today announced that its cruise joint venture with China State Shipbuilding Corporation (CSSC) will launch this week under the name CSSC Carnival Cruise Shipping Limited. The new China-based cruise company plans to operate its own fleet to serve Chinese cruise guests by the end of 2019.As part of today's news, CSSC Carnival Cruise Shipping Limited announced an agreement to purchase two existing ships from Carnival Corporation's Costa Group, the leading cruise operator in Europe and Asia. The first of these ships, the 85,861-ton, 2,210-passenger Costa Atlantica, is scheduled to be transferred to the new Chinese cruise line by the end of 2019. Costa Atlantica's sister ship, the 2,114-passenger Costa Mediterranea, will be transferred at a date still to be announced.Additionally, CSSC Carnival Cruise Shipping Limited announced it has signed a contract to finalize its previously announced agreement to order two new cruise ships that will be built in China and serve the Chinese cruise market. The two new cruise ships will be constructed by Shanghai Waigaoqiao Shipbuilding Co., Ltd. (SWS), a leading Chinese-owned shipyard in Shanghai, with the first ship expected to be delivered in 2023. The agreement also gives CSSC Carnival Cruise Shipping Limited the option to order four additional China-built cruise