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21st of November 2018

Travel



Carnival Corporation Chinese joint venture to launch this week

Carnival Corporation has announced that its cruise joint venture with China State Shipbuilding Corporation will launch this week under the name CSSC Carnival Cruise Shipping.

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 announced an agreement to purchase two existing ships from Carnival Corporation’s Costa Group.

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 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, a leading Chinese-owned shipyard in Shanghai, with the first ship expected to be delivered in 2023.

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The agreement also gives CSSC Carnival Cruise Shipping the option to order four additional China-built cruise ships to serve growing demand from Chinese consumers.

CSSC, China’s largest shipbuilder, and leading global shipbuilder Fincantieri 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 travellers.

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 utilise 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, chief executive 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 travellers.”

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