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

ships to serve growing demand from Chinese consumers.

CSSC, China's largest shipbuilder, and leading global shipbuilder Fincantieri S.p.A. have established a separate joint venture to grant a technology license of the ship model platform and to provide technical and project service support to SWS throughout the shipbuilding process. The two new ships will be built with a design tailored for the new joint venture and the specific tastes of Chinese travelers. As the largest cruise company in the world with over 100 ships in its fleet and 22 ships on order through 2025, Carnival Corporation will utilize its deep industry expertise to provide onsite supervision and support during ship construction.

"The official launch of our cruise joint venture in China is a significant milestone in the strategic development of a strong and sustainable cruise industry in China," said Arnold Donald, CEO of Carnival Corporation. "Together with our partners, we are excited about our ability to launch a new cruise line in China based on existing ships and new China-built cruise ships tailored for Chinese travelers."

"The new cruise joint venture complements our existing presence in the market and strengthens our commitment to help China build a holistic ecosystem and become a leading global cruise market," added Michael Thamm, group CEO, Costa Group and Carnival Asia. "We look forward to working with CSSC to further increase demand for cruising by generating broad awareness of why going on a cruise is an extraordinary holiday and exceptional value."

"It is a strategic decision for CSSC to enter into the cruise industry in partnership with Carnival Corporation and Fincantieri," said Lei Fanpei, chairman of CSSC. "Through the partnership with leading international enterprises, we will build a whole industrial chain including the cruise ship design and building, operations and supply chain, jointly promote industrial