China State Shipbuilding Corp (CSSC) has cemented its entry into the cruiseship market in partnership with Carnival Corp and Fincantieri with the signing of contracts for two newbuildings.
The project is valued at around $1.5bn and could mushroom to $4.5bn if options are exercised for four more vessels.
CSSC subsidiary Shanghai Waigaoqiao Shipbuilding Co (SWS) will construct the ships, the first of their kind built in China for the local market.
