Carnival sign MoU with CMG

Agreement set to expand company's presence in China market
Carnival sign MoU with CMG

Carnival Corporation has signed a memorandum of understanding with China Merchants Group to explore two joint ventures that will boost the growth of the cruise industry in China.

The two JVs include the development of turnaround and transit ports around China, specifically the Prince Bay Cruise Terminal which is already being built in Shenzen. It also specifies the development of China's first-ever dometic cruise line and exploring the sourcing of news ships built in China, as well as existing ones.

Alan Buckelew, COO of Carnival Corporation said: "The MoU we signed today signifies a great opportunity to take the next step in the future of Chinese cruising, while addressing some key needs for both the cruise industry and its passengers in China.

"With CMG's amazing track record, reach and influence in the market, 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."

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by Tom Holmes

Marine Trader Editor

Tom Holmes is the Editor of Marine Trader and readmt.com, the official publications of the International Marine Purchasing Association (IMPA). To discuss news, features or contributing to Marine Trader please get in touch.

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