Page 7 - 2022 China Market Report

Timeline

Astro Ocean, a local joint COVID-19 shuts
venture, buys the former Oriana down China
and launches service with the industry first
Piano Land.
China becomes
biggest regional Local
market for Costa. companies
buy
secondhand
ships

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

2016 2017 2018 2019 2020 2021 2022+

MSC enters market with the The new Genting builds up Dream brand, moving Q4 start projection
Lirica on charter deal. Majestic Explorer Dream from Star Cruises. New ship arms
Princess race starts again
debuts in The Spectrum, built for China,
China, but debuts in the market. New built-for-China
year-round Venezia arrives.
program is cut
only after a
year. The
Sapphire
Princess also
moved out
of China.

Operators begin to pull back capacity Diamond
significantly and move ships out. Cruises
over and
out.

Cruise Industry News: 2022 China Market Report 11