Page 5 - China Market Report

CHINA

Timeline

China becomes Astro Ocean, a local joint venture, buys the
biggest regional former Oriana and launches service with the
market for Costa. Piano Land.

Cracks appear in Norwegian’s new Joy is Norwegian announces it will exit
chartering system as christened in Shanghai. Chinese market, Joy is being sent
oversupply drives a price war. to Alaska instead.

2016 2017 2018 2019 2020

MSC enters market with Lirica on New Majestic Genting builds up Dream brand, moving Diamond Cruises
charter deal. Princess Explorer Dream from Star Cruises. over and out.
debuts in
China, but
year-round
program is cut
only after a
year. Sapphire
Princess also
moved out of
China.

Operators begin to pull back capacity Spectrum, built for China, New built-for-China
significantly and move ships out. debuts in market. Venezia arrives.

Cruise Industry News: 2021 China Market Report 11