Making China's first luxury liner

When domestic shipbuilders are struggling to make ends meet due to industry downturn, Waigaoqiao Shipbuilding Co Ltd has decided to build China's first luxury cruise liner. In doing so, it has announced itself on the global cruise market.

China CSSC Holdings Ltd, a listed arm of China State Shipbuilding Corp, said in a statement on April 16 that its subsidiary Waigaoqiao Shipbuilding is about to set up a cruise liner development company in Shanghai along with Guangzhou Shipyard International Co Ltd and two ship design institutes.

The new company will undertake research, design and development of cruise liners and related facilities, it said.