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Blog Coverage First Ever Made in China Cruise Ships for Carnival's Chinese Joint Venture
Upcoming AWS Coverage on Six Flags Entertainment Post-Earnings Results LONDON, UK / AC...
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[{"type":"text","content":"Blog Coverage First Ever Made in China Cruise Ships for Carnival's Chinese Joint VentureUpcoming AWS Coverage on Six Flags Entertainment Post-Earnings Results\n\nLONDON, UK / ACCESSWIRE / February 23, 2017 / Active Wall St. blog coverage looks at the headline from Carnival PLC (NYSE: CUK) as the Global leisure travel Company announced on February 22, 2017, that its Chinese joint venture had signed a Memorandum of Agreement (MOA) for the ordering of cruise ships which would be built in China and aimed at the Chinese market. For the first time in the world, a cruise ship built in China would join a multi-ship fleet of a cruise Company. Register with us now for your free membership and blog access at:\nhttp://www.activewallst.com/register/\nOne of Carnival PLC's competitors within the General Entertainment space, Six Flags Entertainment Corp. (NYSE: SIX), reported on February 22, 2017, its Q4 and full year 2016 financial performance. AWS will be initiating a research report on Six Flags Entertainment in the coming days. \nToday, AWS is promoting its blog coverage on CUK; touching on SIX. Get all of our free blog coverage and more by clicking on the link below:\nhttp://www.activewallst.com/register/ \nMemorandum of Agreement\nThe MOA is between Carnival's Chinese joint venture and Chinese shipbuilding Company China State Shipbuilding Corporation (CSSC). The current agreement is an extension of the MOA announced earlier in September 2016 by these two organizations and spells out the updated terms and conditions. Carnival's Chinese joint venture is the partnership between Carnival and CSSC which was signed in 2015. Carnival holds a minority interest in this partnership.\nThe Chinese government sees great potential in the cruise ship market in China and has put in place a five-year economic development plan for pushing growth in this segment. To support the Chinese government's plan, the MOA was formalized via an official signing ceremony held at Great Hall of the People in Beijing, China. The ceremony was attended by Chinese President Xi Jinping and Italian President Sergio Mattarella. Carnival's officials on behalf of its Chinese joint venture signed the MOA with officials of CSSC and Fincantieri on behalf of their shipbuilding joint venture.\nAs per the MOA, Carnival's Chinese joint venture has ordered two cruise ships initially fro...