State Shipbuilder to Produce $4.6 Billion of Cruise Ships

TRENDING: U.S. Tightens Export Controls to Cover Subsidiaries of Blacklisted Firms; DeepSeek Unveils New Model With Sparse Attention, Slashes API Costs; Tech Brief (Sept. 30): U.S. Widens Export Blacklist

LATEST: Tech Brief (Sept. 30): U.S. Widens Export Blacklist; U.S. Tightens Export Controls to Cover Subsidiaries of Blacklisted Firms; DeepSeek Unveils New Model With Sparse Attention, Slashes API Costs; Tech Brief (Sept. 29): Meituan’s Food-Delivery Platform Keeta Launches in Dubai; Chinese Chipmaker Moore Threads Gets Fast Track Approval to $1.1 Billion IPO; Chinese Drone Maker XAG Files for Hong Kong IPO After First Annual Profit; GPT Weekly: Nvidia to Invest $100 Billion in OpenAI; Tech Brief (Sept. 26): Trump Approves TikTok Deal; Xiaomi Ups the Stakes in Premium Market With iPhone-Style 17 Series; Yangtze Memory’s Parent Restructures to Pave Way for IPO Amid Sanctions Pressures; Tech Brief (Sept. 25): Alibaba Launches AI Models; Alibaba Bets Big on ‘AI + Cloud’ With New Models, Nvidia Deal; GlobalFoundries Boosts U.S. Investment, Adds China Fabs to Meet Auto Chip Demand; Tech Brief (Sept. 24): Mercedes-Benz, ByteDance Partner on In-Car AI; Tech Brief (Sept. 23): Nvidia Plans $100 Billion Investment in OpenAI for AI Data Centers; Tech Brief (Sept. 22): Trump Says Murdoch Family May Be Involved in TikTok Deal; GPT Weekly: CoreWeave Secures $6.3 Billion Nvidia Order; Huawei Unveils Three-Year AI Chip Roadmap as Nvidia Faces Setbacks in China; Tencent Cloud Shuns Price War in Intensifying AI Race; China’s Regulator Ramps Up Push to Curb Food Delivery Subsidy War

By Caixin Global / Nov 08, 2018 05:21 PM / Economy

China State Shipbuilding Corp. (CSSC) said it signed a shipbuilding agreement that could be worth as much as $4.62 billion with U.S. cruise operator Carnival Corp. and Italian shipbuilder Fincantieri.

The agreement includes a formal contract of $1.54 billion for two cruise ships to be delivered in 2023 and 2024. The agreement also includes options for an additional four vessels. If all are delivered, it would be the largest ever shipbuilding contract for a Chinese shipbuilder.

According to the agreement, the new cruise ships will be operated by CSSC Carnival Cruise Shipping Ltd., a joint venture between CSSC and Carnival Corp.

Share this article

Open WeChat and scan the QR code