|Carnival Corporation & plc and its partners formalized the joint venture |
agreement at a signing ceremony held today at the Mansion House in
Julian Bray writes: It was interesting to see that UK prime Minister David Cameron is taking credit for the deal whereby Carnival Corporation & plc forms joint venture in China to launch domestic Chinese cruise Brand. Goldman, Sachs & Co. acted as financial advisor for
Below are the announcements as issued during the week. Rather than Number 10 brokering the deal; Goldman, Sachs & Co. would seem to have been manipulating the financial purse strings. Still why shoot down a good story?
THE BBCs' Laura Kuensberg managed to get the one allowed press question in ( back in the day there would have been a mass press walkout at such obviously stage managed restrictions )
“Why do you think members of the British public should be pleased to do more business with a country that is not democratic, is not transparent and has a deeply, deeply troubling attitude towards human rights?”
Chinese President Xi responded : “China attaches great importance to the protection of human rights. We combine the universal value of human rights with China’s reality and we have found a part of human rights development suited to China’s national conditions. With regard to protection of human rights, looking round the world we know that there is always room for improvement. All countries need to continuously improve and strengthen human rights protection to meet the need of the time and the people. On the issue of human rights, I think the people of our respective countries are in the best position to tell, and China is ready to, on the basis of equality and mutual respect, increase exchanges and cooperation with the UK and other countries in the area of human rights.” err that's all right then? Any British businessman/woman thinking of doing business inside the Country, just needs to have eyes wide open !
New joint venture focused on creating the first world-class, multi-ship domestic Chinese cruise brand to help meet rising consumer demand for cruise vacations in China.
Chinese President Xi Jinping attends signing ceremony in London between Carnival Corporation & plc and Chinese partners to formalize joint venture focused on accelerating growth of Chinese cruise market
Under the structure of the new joint venture,
The CIC, currently one of the world's largest sovereign wealth funds with over
"This cruising joint venture is a significant step forward for the cruise industry in
Today's joint venture announcement builds on recent news from
The company announced in July that its existing brands already sailing in
The expansion of
In addition to expanding its industry-leading presence in
In a separate announcement in early October,
Together, these brands will operate 100 ships in 2015 totalling 219,000 lower berths with 17 new ships scheduled to be delivered between 2016 and 2022.
Additional information can be found on www.carnival.com, www.hollandamerica.com, www.princess.com, www.seabourn.com, www.aida.de, www.costacruise.com, www.cunard.com, www.pocruises.com.au, www.pocruises.com and www.fathom.org.
Carnival Corp. CCL, -0.41% will add two cruise brands, Carnival Cruise Line and AIDA Cruises, to the Chinese market in 2017. The new additions will join Costa Cruises and Princess Cruises, giving Carnival four cruise brands in the Chinese market. Carnival has 10 total brands, and is the first to have four in China. Costa Cruises and Princess Cruises will each add a new ship to its fleet in 2016 for a total of six ships, a 58% increase in capacity.
Carnival Cruise Line and AIDA Cruises will each add one ship. Carnival is also exploring joint ventures with China State Shipbuilding Corp. and China Merchants Group.
China is expected to become the world's largest cruise market, Carnival said in a release. Carnival stock is up 11.1% for the year so far. The S&P is down 2% for the same period.
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