IN BRIEF (Page 8)

Carnival plans cruise brand

Carnival Corp, the world's largest cruise operator, has formed a new joint venture in China to launch a multi-ship domestic cruise brand aimed at the Chinese market. The new brand is part of the Miami, United States-based company's partnership with China State Shipbuilding Corp and sovereign wealth fund China Investment Corp. The new venture is expected to accelerate the development and growth of the cruise industry in China, which is forecast to become the largest cruise market in the world, Carnival said.

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