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BUSINESS & TECH

Carnival Venture Orders First China-Built Cruise Liners

By Yang Ge
An internetional cruise ship docks in Shanghai in September. China State Shipbuilding Corp. and Italy's Fincantieri SpA will build two cruise ships for a total $1.5 billion for cruise operator Carnival Corp. & PLC, which will use the vessels to serve the Chinese market. Photo: Visual China
An internetional cruise ship docks in Shanghai in September. China State Shipbuilding Corp. and Italy's Fincantieri SpA will build two cruise ships for a total $1.5 billion for cruise operator Carnival Corp. & PLC, which will use the vessels to serve the Chinese market. Photo: Visual China

(Beijing) — Cruise operator Carnival Corp & PLC said it has ordered two new ships worth a combined $1.5 billion from a Sino-Italian ship-making venture, as it prepares to launch a separate brand to take advantage of the booming Chinese demand for leisure travel.

Carnival’s own China cruising joint venture is placing the order with another joint venture between leading local ship builder China State Shipbuilding Corp. and Italy’s Fincantieri SpA, Carnival said in a statement on Wednesday. The deal includes an option to buy four more ships in the future.

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