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Chinese shipbuilders tap rising cruise demand, rattling European rivals

China State Shipbuilding Corp (CSSC) has brought European advisers in to the Shanghai Waigaoqiao Shipbuilding yard to help it learn how to compete in building cruise ships.


EUROPEAN shipbuilders' dominance in the US$117 billion passenger ship industry may come under threat as Chinese rivals move into the sector to tap booming local demand for cruise holidays.

China's government has earmarked cruise shipbuilding as a major objective in its "...

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