{"id":14309,"date":"2025-11-25T08:14:32","date_gmt":"2025-11-25T00:14:32","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=14309"},"modified":"2025-11-25T08:14:32","modified_gmt":"2025-11-25T00:14:32","slug":"chinas-cruise-industry-makes-waves-as-new-deal-creates-asias-largest-fleet","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=14309","title":{"rendered":"China\u2019s cruise industry makes waves as new deal creates Asia\u2019s largest fleet"},"content":{"rendered":"<p><br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/styles\/1280x720\/public\/d8\/images\/canvas\/2025\/11\/24\/d87610ed-e62e-4a44-a325-b6ab2789966d_461dcd87.jpg\" \/><\/p>\n<div id=\"\">\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">China has announced plans to consolidate the cruise operations of four central state-owned enterprises into a single entity that will reportedly operate the largest fleet in Asia, as part of a broader efficiency drive.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">China Tourism Group \u2013 one of the four companies \u2013 was designated as the operator of the venture at a signing ceremony hosted by China\u2019s state-owned enterprises watchdog on Friday, according to state broadcaster CCTV.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">After the deal goes through, the venture will operate Asia\u2019s largest cruise fleet, CCTV reported on Saturday, without disclosing its exact scale.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Huaxia International Cruise \u2013 a joint venture set up by several state-owned enterprises, with China Tourism Group as the largest shareholder \u2013 will \u201cnominally\u201d control the four companies\u2019 cruise operations, Chinese media outlet Caixin reported on Monday, citing sources familiar with the matter.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">In practice, however, each cruise brand under the four enterprises \u2013 namely, China Tourism Group, China Cosco Shipping, China Merchants Group and China State Shipbuilding Corporation \u2013 will continue to operate independently, according to Caixin.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The four companies currently have a total of five cruise ships that can together carry more than 16,000 passengers, meaning that Huaxia will surpass Japan\u2019s NYK Cruises to become Asia\u2019s largest cruise operator by capacity, Caixin reported.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3333950\/chinas-cruise-industry-makes-waves-new-deal-creates-asias-largest-fleet?utm_source=rss_feed\" target=\"_blank\" rel=\"noopener\">Read Full Article At Source <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China has announced plans to consolidate the cruise operations of four central state-owned enterprises into a single entity that will reportedly operate the largest fleet&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[4840],"tags":[4876,6292,10678,4943,45,10679,4787,1847,7117],"class_list":["post-14309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-travel-globetrotting","tag-asias","tag-chinas","tag-creates","tag-cruise","tag-deal","tag-fleet","tag-industry","tag-largest","tag-waves","wpcat-4840-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/14309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14309"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/14309\/revisions"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}