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SWS TO BUILD CRUISESHIPS FOR FINCANTIERI AND CSSC CARNIVAL CRUISE JV

Tuesday, November 6, 2018 

Italian shipbuilder Fincantieri has confirmed that China’s Shanghai Waigaoqiao Shipbuilding (SWS) will build two cruiseships (plus options for an additional four) for CSSC Carnival Cruise Shipping, the joint venture set up by Fincantieri and CSSC Cruise Technology Development.

Fincantieri and CSSC Cruise Technology Development (CCTD) will grant a technology license of the ship model platform and provide a series of technical services to SWS, including project management activities, supply chain management and sales of fundamental systems and components of the ship.

The design will be tailored for the specific tastes of the Chinese travellers and for CSSC Carnival Cruise Shipping Limited, the new Chinese cruise brand of the joint venture between Carnival Corporation and CSSC, which will also operate the units. The first delivery is expected in 2023.

Commenting the constitution of the joint venture between Carnival Corporation and CSSC, Arnold Donald, CEO of Carnival Corporation, said: “The official launch of our cruise joint venture in China is a significant milestone in the strategic development of a strong and sustainable cruise industry in China. Together with our partners, we are excited about our ability to launch a new cruise line in China based on existing ships and new China-built cruise ships tailored for Chinese travellers.”

 Michael Thamm, Group CEO, Costa Group and Carnival Asia, added: “The new cruise joint venture complements our existing presence in the market and strengthens our commitment to help China build a holistic ecosystem and become a leading global cruise market.”

“It is a strategic decision for CSSC to enter into the cruise industry in partnership with Carnival Corporation and Fincantieri,” said Lei Fanpei, Chairman of CSSC. “Through the partnership with leading international enterprises, we will build a whole industrial chain including the cruise ship design and building, operations and supply chain, jointly promote policy environment improvements and create an ecosystem that will nurture the sustainable growth of the cruise industry. Our cooperation continues to receive great support from the Chinese government at both the central and local levels. We wish to continue our win-win partnership from today on, to ensure the delivery of the first large cruise ship to be built in China by 2023.”

Giuseppe Bono, CEO of Fincantieri, stated: “This further achievement represents the best proof that the supervision of a strategic and high-potential market such as the Chinese one progresses with great determination and in unison to two champions such as Carnival Corporation and CSSC and it demonstrates the huge importance of the operation”. Bono then concluded: “Claiming that China represents an opportunity is now reductive: it is a reality that cannot be feared, but, on the contrary, that has to be assisted. It is this great country itself which is asking for this, recognising our leadership in this sector.”

China’s 142 million outbound travellers spent an estimated $258 billion travelling abroad in 2017, according to the United Nations World Tourism Organisation (UNWTO). By comparison, the Chinese cruise industry served only about 2.5 million cruise passengers last year, representing less than two percent of China’s outbound global travellers.

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