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Cruise News - Maritime News

Carnival Group announced that its joint venture with China State Shipbuilding Corporation - "CSSC Carnival Cruise Shipping Limited." will formally establish this week.

With the official signing of the Waigaoqiao Shipbuilding Luxury Cruise Construction Contract, the construction of the first domestic large-scale luxury cruise ship of CSSC Group also officially entered the countdown.

On the evening of November 5, China Ship announced that the company’s controlling subsidiary, Waigaoqiao Shipbuilding Co., Ltd., planned to sign two large cruise shipbuilding contracts with CSSC Carriage Cruises Co., Ltd. and CSIC Cruises Technology Development Co., Ltd. on the 6th, plus 4 With the option, the price of each cruise ship is 770 million US dollars, and the total contract price is 1.54 billion US dollars.

If all six orders take effect, the total contract value will reach 4.62 billion US dollars, a total of about 32 billion yuan, which also created the largest order record in the history of China's shipbuilding industry.


The two large cruise ships in this contract are 135,500 metric tons of Vista, with a total length of 323.6 meters and a width of 37.2 meters. The maximum passenger capacity is 5,246 and the total room is 2,125. It is classified by Lloyd's Register. And the Chinese classification society, flying the Panama flag.

The two vessels are scheduled to be delivered on September 30, 2023 and December 2024, respectively. Among them, CSSC Carnival is the contract buyer, Waigaoqiao Shipbuilding and CSSC are the contractual joint sellers.

The contract pricing is based on the cruise construction market, which is mainly concentrated in the European region. The mother ship of this project is the Costa Cruises built by the Italian Fincanini Group for the Carnival Group. The price of this project is based on the price of the new cruise ship market in Europe.  

China Ship Cruises was established in May 2016 with a registered capital of 1.32 billion yuan, of which CSSC invested 800 million yuan and held 60.6%; Waigaoqiao Shipbuilding contributed 460 million yuan and held 34.8%; Guangchuan International Co., Ltd. The China Ship and Ocean Engineering Design and Research Institute and the Shanghai Ship Research and Design Institute respectively invested 20 million yuan, each holding 1.5%.

CSIC Cruises is the business platform platform for the development of the cruise industry of CSSC and the overall responsibility unit for the development of the cruise industry. CSSC is committed to the construction of the first domestic large-scale luxury cruise ship and promotes the design of cruise ships with the China Cruise Line as a platform. The layout of the entire industrial chain, such as manufacturing, investment operations, and industrial chain construction.

China Ship Carnival Cruises Co., Ltd. invested US$330 million from China Ship Cruises, accounting for 60% of the shares. Carnival (UK) Co., Ltd. invested US$220 million, accounting for 40% of the shares. Registered address: Room 3806, Central Plaza, 18 Harbour Road, Wanchai, Hong Kong. Business Scope: Purchasing, owning and/or renting cruises directly or through subsidiaries (joint ventures) to develop and operate cruise routes.

The construction of luxury cruise ships is known as the "Pearl" in the crown of shipbuilding. At present, the world cruise manufacturing industry is basically monopolized by Germany, Italy, Finland and France, and China has a clear gap in the construction of luxury cruise ships.

CSSC has been planning the cruise manufacturing industry since 2014. In October 2014, CSSC and the American Carnival Group signed a memorandum of understanding. The two sides set up a joint venture in China and designed and built China's first luxury cruise ship at the shipyard of CSSC

Costa Atlantica

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