Fincantieri to Create a Cruise Ship Industrial Park

By ,   June 1, 2017 ,   Cruise Industry

Fincantieri signed an LOI (letter of intent) with Shanghai City’s district of Baoshan and with CSSC (China State Shipbuilding Corporation), China’s largest shipbuilding conglomerate, aimed at the creation a cruise ship industrial park.

The signing took place at Baoshan District, during a workshop about “One Belt, One Road” initiative, between the CEO of Fincantieri China, Fabrizio Ferri, Vice President of CSSC, Chen Qi, and District Vice Director, Su Ping. It follows the sealing that took place in February in Beijing.

Beijing cruise port

In that occasion Giuseppe Bono, Fincantieri CEO, signed a binding agreement with Carnival Corporation and CSSC for the building of 2 cruise ships, with an option for additional 4, the first of the kind ever built in China for its market.

According to the understanding signed yesterday, the 3 parties, whenever it' s economically and technically feasible, will engage for the creation of a hub, dedicated mainly to cruise activities, shipbuilding and maritime, within these segments' development, set out by China.

The specialization of the entire Baoshan region is among the purposes of the impressive government programme. The district is the largest commercial and cruise port in China, today representing country's most developed region in cruise sector.

It can benefit from preferential economic policies of “China Cruise Tourism Development Experimental Zone” and “Shanghai Free Trade Zone”, which will accelerate the transformation  of the district from “cruise port” into “cruise city”.