Fincantieri agreement, CSSC and Carnival for the construction of two ulterior cruise ships in China and four as an option



The navalmeccanica company Italian Fincantieri, that Chinese Lowers Is Shipbuilding Corporation (CSSC) and the crocieristico group American Carnival Corporation has signed a binding memorandum of agreement for the construction of two cruise ships, that they will be realized in China, and ulterior four as an option.

Emphasizing that they will be the first units of this genre never realized in China for the Chinese market, Fincantieri has explained that the parts have signed the MoA on behalf of joint venture between Fincantieri and CSSC Cruise Technology Development Co., Ltd (CCTD), of joint venture between Carnival Corporation and CSSC, and of the yard of Shanghai Waigaoqiao Shipbuilding Co., Ltd (SWS).

The agreement, subject to some conditions, has a value of about 1,5 billion dollars for the first two ships and 23rd September updates to the understandings announced between the parts, CIC Capital, CCTD and SWS, finalized to the development and the increase of the Chinese crocieristica industry, understandings that - we remember - the four previewed today initially options for the construction of ulterior two announced ships rather than ( on 23 September 2016).

The new ships will be constructed near the yard of SWS, site of group CSSC. Their design purposely will second be personalized the specific tastes of the Chinese customers for the new Chinese crocieristico brand of joint venture between Carnival Corporation, CSSC and CIC Capital, than it will take care also to operate the units. The first delivery is previewed for 2023.

The agreement has been undersigned to Beijing today in the margin of 4° the Business Forum Italy-China to the presence of the Italian President of the Republic, Sergio Mattarella, and that of the Chinese Popular Republic, XI Jinping. They have signed the managing director of Fincantieri, Giuseppe Bono, Michael Thamm, CEO of Carnival Asia and the group Coast, and Wu Qiang CSSC president.

"To look to the total scene - Bono has commented - it means to try to increase own borders, to place the bases in order to grow the perspectives of transactions ulteriorly and to approach also the markets more complexes. Without a similar engagement not there is a possibility to remain competitive in the mean and long period. Therefore we are convinced that the agreement today represents an example of industrial collaboration able to not only restate our leadership in the crocieristico field, but also to create a vituous system between the two Countries".

"We are proud - Arnold Donald has declared, CEO of Carnival Corporation - of being able to order the first cruise ships to realize in China and to aim at to a role of leader in the development of the shipbuilding abilities to this field in China, that important milestone in the construction of an industry of sustainable field represents another and prospers. This operation demonstrates moreover to our engagement in helping China to become one of the first markets cruise, as expected from its five-year plan of economic development".