China to build first homemade luxury cruise in Shanghai
09/28/2016|3:18:52 PM|China Daily

China's largest shipbuilder China State Shipbuilding Corp (CSSC), China Investment Corp, cruise operator Carnival Corporation, Italian cruise shipbuilding giant Fincantieri and Shanghai Waigaoqiao Shipbuilding jointly signed the letter of intent for the 2+2 133,500 ton Vista class luxury cruise vessels on September 23.

The first batch of homemade luxury cruise vessels will be built at the shipyard of Shanghai Waigaoqiao Shipbuilding and the first delivery is expected in 2022, the China News Service reports.

The agreement covers two cruise vessels to be built for a cruise brand owned and operated by a joint venture between Carnival Corp, CSSC and China Investment Corp, with an option for an additional two ships.

Chinese cruise tourists reached 1.11 million in 2015, up 50 percent year-on-year. Last year was the first time their number surpassed the 1-million mark, according to the 2015 China Cruise Industry Development Report.

Some 4.5 million Chinese consumers are expected to embark on cruise travel by 2020, making China the world's second largest cruise market after the US. The number of Chinese cruise travelers is expected to reach 10 million by 2030.

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