China State Shipbuilding Corporation and China Investment Corporation signed a GBP 2.6 billion luxury cruise building and operation cooperation agreement with Carnival. The three parties will set up an international cruse joint venture in Hong Kong and will order cruises from Shanghai Waigaoqiao Shipbuilding with CNY 25 billion. Design of the first luxury cruise China independently builds will complete in 2016; the cruise will come under building in 2017 and will be delivered to Carnival in 2020.

Waigaoqiao is preparing equipment and fundamental facilities for building made-in-China luxury cruises.