Accord for luxury cruise liners to be built locally

Rising middle class is a huge potential market for leisure activity offering exponential growth

With the rapid growth of the Chinese market for cruises, the first large luxury cruise ship to be built in China is entering the implementation stage and it is expected to be delivered in 2022.

China State Shipbuilding Corp, China Investment Capital Corp, Carnival Corp & PLC, Fincantieri S P A (Fincantieri), CSSC Cruise Technology Development Co Ltd and Shanghai Waigaoqiao Shipbuilding Co Ltd, jointly signed a memorandum of agreement on Friday in Tianjin.