Carnival Corp. took another leap forward to ensure its dominance in the Chinese cruise market.
The Miami-based company (NYSE: CCL) announced that it formed a joint venture with China State Shipbuilding Corp. and China Investment Corp. to form the new brand. Details about the cruise line's name, fleet and sail date will be announced later. Both new and existing ships will be purchased for the new brand.
Officials announced the agreement at a signing ceremony at the Mansion House in London on Wednesday…
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