Carnival eyes new Chinese cruise line

• Carnival (NYSE:CCL) has signed a memorandum of understanding with China Merchants Group to explore the creation China’s first domestic line, and will also collaborate on port development in the country.
• Considered the biggest growth market for the industry, cruise line operators are rushing to China.
• Carnival alone expects to run four ships carrying 500K passengers annually in the region this year, more than doubling capacity since 2013.
• Previously: Carnival has big plans for China business (Jan. 21 2015)