by Peter Newall
Today the Carnival Corporation announced that it had formed a joint venture in China to “launch the first world-class, multi-ship domestic cruise brand in the Chinese market. Carnival Corporation & plc is partnering with China State Shipbuilding Corporation (CSSC) and China Investment Corporation (CIC) on the new venture aimed at accelerating the development and growth of the overall cruise industry in China, which is expected to eventually become the largest cruise market in the world.”
The joint venture deal was formalised at a signing ceremony held today at the Mansion House in London with British Prime Minister David Cameron and Chinese President Xi Jinping in attendance. As part of the deal “CSSC, the largest shipbuilder in China, plan to purchase and operate cruise ships as part of what is expected to be the first multi-ship fleet sailing for a domestic Chinese cruise brand. Specific fleet details will be announced at a later date, but potential plans could include the purchase of both new and existing cruise ships to homeport in China.”
Artist rendering by Lorraine Turner of Carnival’s first ship the MARDI GRAS contrasted with the CARNIVAL MAGIC . Courtesy of Carnival Corp. & plc.
From the first sailing of MARDI GRAS ex EMPRESS OF CANADA on March 11, 1972, Carnival’s growth has been amazing. It is now the major player not only in the US but also Germany, Italy, the UK, Australia and now the biggest market of all, China.
A well-known shipping writer, cruise journalist and cruise ship lecturer,
Peter Newall is a former British Airways executive who has, in the past 57
years, visited and travelled on many famous ships. As well as numerous
articles he has written nine highly acclaimed books including the
definitive histories of Union-Castle, Orient and Cunard Line. He also owns
the Newall Dunn Collection, the extensive collection of historic merchant
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