Another Chinese Cruise Line? Ctrip Acquiring Tonnage?

Ctrip may be entering the cruise industry as soon as this coming 2014/2015 cruise season in Asia, according to sources and a Chinese media report.

Ctrip is a major online Chinese travel agency which says it sells 10 percent of all cruise tickets going to Chinese passengers.

Now, they may be hot on the heels of local rivals HNA Cruises and Bohai Ferry in entering the business themselves.

A source familiar with the company told Cruise Industry News that Ctrip was in the market for a medium sized vessel, at roughly the 2,000 passenger size.

The Shanghai-based company is listed on the NASDAQ and reported a gross profit of $660 million last year. It is set to report 2014 second quarter results on July 30, which could be used as an announcement point to an entry into the cruise line side of the business.

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