Chen Ranfeng

CSSC Carnival was founded in October 2015 as a joint venture, worth about $4 billion over ten years, between United Kingdom and United States' Carnival Corporation & plc, Chinese sovereign wealth fund China Investment Corporation, and Chinese shipbuilder China State Shipbuilding Corporation (CSSC). CSSC Carnival is headquartered in Hong Kong and is majority owned by the Chinese shareholders, which collectively own 60% of the company, with Carnival holding the remainder. In September 2016, the company announced plans to order two new ships, with options for two more, with deliveries planned to begin in 2022. In February 2017, two more options were added to the order, and it was announced that the vessels would be built at Shanghai Waigaoqiao Shipbuilding Company through a joint venture between CSSC, owner of the shipyard, and Italian shipbuilder Fincantieri, with the first ship to be delivered in 2023.