China’s cruise industry ambitions look set to step up a gear with a tie-up between a state-owned shipbuilder and the country’s sovereign wealth fund.
China State Shipbuilding Corp and China Investment Corp are said to have signed an agreement to set up a joint venture that will invest in cruise ship building, the Shanghai Securities News is quoted as saying.
However, crude industry expects told TradeWinds Friday that they predict that the joint venture will see little success.
While
