CSSC, Fincantieri to Build Five Cruise Ships

Illustration; Image Courtesy: Fincantieri

A joint venture between China’s shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) and the Italian shipbuilder Fincantieri plans to invest some USD 3.7 billion to build five cruise ships, according to local media.

The first vessel from the batch, which will be able to carry up to 5,000 passengers, is scheduled for delivery in 2021.

The announcement follows the establishment of the joint venture last week, when the two companies signed an agreement aimed at developing and supporting the growth of the Chinese cruise industry.

The parties earlier said that the new cruise ships will be built at one of CSSC’s shipyards, the SWS facility.

Namely, the joint venture company will design and sell cruise ships intended and customized for the Chinese and Asian markets.

China estimates that it could become the world’s second largest cruise market after the US, reaching some 4.5 million passengers by 2020 and 8-10 million passengers by 2030, with a double-digit growth per year.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Aug 2017 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Shipping2030 Asia

This year Shipping2030 Asia will take place with Global Liner Shipping conference, offering attendees unique access to networking with the container shipping industry…

read more >

Indonesia Marine & Offshore Expo (IMOX) 2017

Indonesia Marine & Offshore Expo (IMOX) 2017, Batamis an international maritime and offshore industrial event that brings an international…

read more >

Salvage & Wreck Asia

Could your business be affected by shipwreck? Are you a salvage professional or a wreck removal expert? …

read more >

DSM17

Donsö Shipping Meet 2017 is an all inclusive exhibition. Meals, electricity, meeting schedule and banquette dinner is included…

read more >