Three large SOEs cooperate to build docking infrastructure and buy passenger liners

Three State-owned enterprises from the shipping, tourism and construction sectors will cooperate to equip up to eight cruise liners and offer diversified sightseeing services to tap the travel market in the South China Sea.

Sanya International Cruise Development Co Ltd, a joint venture by COSCO Shipping, China National Travel Service (HK) Group Corp and China Communications Construction Co Ltd, will purchase between five and eight cruise and passenger liners over the next five years and build four cruise liner docks in Sanya's Phoenix Island.