‘Breakthrough’: Chinese shipyard set to take lucrative orders from Nordic cruise operator

Shanghai Waigaoqiao, a subsidiary of China State Shipbuilding Corporation (CSSC), has secured potential orders from a Nordic cruise operator, marking the entry of Chinese shipyards into the lucrative cruise ship construction sector amid the dominance of European firms. The memorandum of understanding (MOU) was signed by Shanghai Waigaoqiao and Nor Cruises from Norway on Wednesday at SMM Hamburg, a trade fair on shipbuilding, machinery and marine technology in Germany. The deal involved two...