Operator may start cruise line
Source: Bloomberg News |
July 10, 2012, Tuesday
|
Print Edition
Print Edition
SHANGHAI International Port (Group) Co, operator of the world's busiest port, plans to start a cruise line to pare reliance on overseas operators and secure traffic at its passenger terminal.
Talks are currently on with cruise line operators to form a venture, Henry Hwang, general manager of unit Shanghai Port International Cruise Terminal Development Co, has revealed. An announcement could be made in the second half of the year, he said without naming any potential partners.
"All cruise liners presently are foreign companies," Hwang said. "Their investments here are mobile. If anything happens, be it political developments or weather conditions, they could leave."
Parent Shanghai International Port may hold about 50 percent in the venture, Hwang said without disclosing planned investments. Royal Caribbean Cruises Ltd and Costa Cruises are operating from its terminal, set up at 1 billion yuan (US$157 million), as rising incomes in China spurred spending on tourism.
Shanghai Port's terminal in the city center adjacent to the tourist spot of the Bund can hold four passenger liners of up to 70,000 tons each. A second facility will take larger liners of over 70,000 tons.
Talks are currently on with cruise line operators to form a venture, Henry Hwang, general manager of unit Shanghai Port International Cruise Terminal Development Co, has revealed. An announcement could be made in the second half of the year, he said without naming any potential partners.
"All cruise liners presently are foreign companies," Hwang said. "Their investments here are mobile. If anything happens, be it political developments or weather conditions, they could leave."
Parent Shanghai International Port may hold about 50 percent in the venture, Hwang said without disclosing planned investments. Royal Caribbean Cruises Ltd and Costa Cruises are operating from its terminal, set up at 1 billion yuan (US$157 million), as rising incomes in China spurred spending on tourism.
Shanghai Port's terminal in the city center adjacent to the tourist spot of the Bund can hold four passenger liners of up to 70,000 tons each. A second facility will take larger liners of over 70,000 tons.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
