Carnival's cruise joint venture (JV) in China has signed a new memorandum of agreement (MoA) to order its first cruise ships to be built in the country.
Carnival’s JV will order two new cruise ships for use by Chinese travellers under the new deal, which will be built by a China-based shipbuilding JV between China State Shipbuilding (CSSC) and Italy’s Fincantieri.
Go deeper with GlobalData
The MoA also includes an option to order four additional China-built cruise ships.
The deal will also see Carnival provide onsite supervision and support during the construction of the ships, with the first expected for delivery by 2023.
Carnival will operate and manage all the cruise ships owned by its Chinese cruise JV upon delivery, with an aim to launch the first multi-ship cruise brand in China.
Carnival CEO Arnold Donald said: “We are proud to order the first China-built cruise ships and play a meaningful role in developing cruise shipbuilding capabilities for the first time in China.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“This represents another important milestone in building a sustainable and prosperous cruise industry, and demonstrates our commitment to contributing to China become a leading cruise market as part of its five-year economic development plan.”
Carnival announced its cruise JV with CSSC in 2015, and plans to launch a cruise brand in China using ships that are purchased from the company’s existing fleet.
The company previously entered an initial shipbuilding MoA in September last year, which ultimately formed the basis of the latest MoA.
Carnival currently has a portfolio of ten cruise brands, which jointly operate 102 ships.
