Plan to Build First Made-in-China Cruise Ship Sails Ahead

(Beijing) – One of China's biggest shipbuilders, China State Shipbuilding Corp., launched a joint venture with a top Italian shipyard to build the first-ever luxury cruise liner to be made in China, as the country's plans to enter the global cruise market gains traction.

An agreement signed between CSSC and Fincantieri SpA in Shanghai on July 4 said that the Chinese shipbuilder, through one of its subsidiaries, will own 60 percent of the joint venture that will be based in Hong Kong.