With two cruise ships set to be developed between Fincantieri and China State Shipbuilding Corporation on the Carnival Vista platform, the two companies today signed a letter of intent aimed at “creating a cruise ship industrial park” in Shanghai.

The signing took place at the Baoshan District, during a workshop for the “One Belt, One Road” initiative. The agreement was signed by Fabrizio Ferri, CEO of Fincantieri China, Chen Qi, Vice President of CSSC, and Su Ping, District Vice Director, and it follows the sealing which took place in February in Beijing in the presence of the Italian President, Sergio Mattarella, and the Chinese President, Xi Jinping.

“According to the understanding signed today, the three parties, whenever it is technically and economically feasible, will engage for the creation of a hub, mainly dedicated to cruise activities, as well as shipbuilding and maritime, within the development of these segments, set out by China,” said a statement from Fincantieri.

In detail, the district will provide financing, tax commercial and administrative benefits, land for necessary development and other resources.

Fincantieri and CSSC will promote the park in their supply chain network, and in the industry as a whole.