Carnival Corporation’s cruise joint venture in China has signed a new memorandum of agreement (MOA) to order the first-ever cruise ships built in China for the Chinese market. Two new cruise ships will be built by a joint venture between CSSC and Fincantieri with options for four more vessel[ds_preview]s.
The agreement updates the terms of an initial shipbuilding MOA announced in September 2016, further expanding the cooperation between Carnival Corporation and China State Shipbuilding Corporation (CSSC).
As part of the new MOA, Carnival Corporation’s cruise joint venture in China agreed to order two new cruise ships to be built by a China-based shipbuilding joint venture between CSSC, the largest shipbuilder in China, and Italy-based Fincantieri S.p.A. The MOA also gives Carnival Corporation’s cruise joint venture the option to order four additional China-built cruise ships.
The cruise company will operate and manage all cruise ships owned by the cruise joint venture as part of its plans to launch the first multi-ship cruise brand in China. The two new ships will be built with a design tailored for the cruise brand and the specific tastes of Chinese travelers. Under the agreement, Carnival Corporation will provide onsite supervision and support during ship construction. The first of these ships is expected for delivery in 2023.
The cruise joint venture – a partnership announced in 2015 with CSSC in which Carnival holds a minority interest – plans to launch a cruise brand in China using ships that are purchased from Carnival Corporation’s existing fleet. Based on the MOA, the joint venture would then add new China-built cruise ships starting in 2023 to further accelerate growth in the Chinese cruise market and serve increasing demand for cruising from Chinese and Asian travelers.
Carnival supports China to become leading cruise market
»Our cruise joint venture’s agreement to order the first-ever cruise ships built in China and specifically designed for our cruise brand to serve Chinese guests is a tremendous opportunity to grow interest and demand for cruising as part of China’s rapidly expanding tourism market,« said Michael Thamm, group CEO, Costa Group and Carnival Asia. »We are very committed to working closely with our partners to further develop the Chinese cruise industry and continue supporting China’s efforts to become one of the leading cruise markets in the world, which will remain a key driver for cruise growth across Asia for many years to come.«
»Following the five concepts of innovative, coordinated, green, open and shared development, CSSC is working closely with international partners like Carnival Corporation and Fincantieri to build the first cruise ships in China, which will significantly advance the rapid, sustainable and healthy development of the Chinese cruise industry,« said Wu Qiang, president of CSSC.
Carnival has a portfolio of 10 cruise brands in North America, Europe, Australia and Asia comprised of Carnival Cruise Line, Fathom, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises (Australia) and P&O Cruises (UK). Together, these brands operate 102 ships visiting over 700 ports around the world and totaling 226,000 lower berths with 19 new ships scheduled to be delivered between 2017 and 2022. Carnival also operates Holland America Princess Alaska Tours.