Carnival's Chinese joint venture to order first China-built cruise ships
Carnival's cruise joint venture in China has signed a new memorandum of agreement to order the first-ever cruise ships built in China for the Chinese market. The agreement updates the terms of an initial shipbuilding MOA announced in September 2016 between Carnival and China State Shipbuilding Corporation. The MOA was formalized during an official signing ceremony in Beijing, attended by Chinese President Xi Jinping and Italian President Sergio Mattarella. Carnival's cruise joint venture in China agreed to order two new cruise ships to be built by a China-based shipbuilding joint venture between CSSC and Italy-based Fincantieri S.p.A. The MOA also gives Carnival Corporation's cruise joint venture the option to order four additional China-built cruise ships. Carnival will operate and manage all cruise ships owned by the cruise joint venture as part of its plans to launch the first multi-ship cruise brand in China. Carnival will provide onsite supervision and support during ship construction. The first of these ships is expected for delivery in 2023. Carnival's cruise joint venture plans to launch a cruise brand in China using ships that are purchased from Carnival's existing fleet.