Cruise operator joining up with CMG
Print Edition
US cruise operator Carnival Corp signed a memorandum of understanding with China Merchants Group yesterday to explore the possibility of two joint ventures to tap into the country’s cruise industry.
They would focus on ship-owning and port and destination development. One venture would source new ships designed and built in China, while the other would aim to develop turnaround and transit ports in and around China.
“The memorandum we signed addresses some key needs for both the cruise industry and its passengers in China. We are working with a strategic partner that can help us explore immediate ways to impact cruise growth in China, including the possibility of a new Chinese cruise brand and new destinations,” said Alan Buckelew, Carnival Corp’s chief operating officer.
CMG, China’s oldest state enterprise founded in 1872, focuses on transport, infrastructure and real estate development, while Carnival Corp currently serves the Chinese market with its Costa Cruises and Princess Cruises brands.
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