Shanghai – Fincantieri signed a letter of intent (LOI) with China State Shipbuilding Corporation (CSSC), China’s largest shipbuilding conglomerate, and with Shanghai City’s district of Baoshan, aimed at creating a cruise ship industrial park. The signing took place at the Baoshan District, during a workshop about the “One Belt, One Road” initiative, between Fabrizio Ferri, CEO of Fincantieri China, Chen Qi, Vice President of CSSC, and Su Ping, District Vice Director, and it follows the sealing which took place in February in Beijing in the presence of the Italian President, Sergio Mattarella, and the Chinese President, Xi Jinping. In that occasion Fincantieri CEO, Giuseppe Bono, signed a binding agreement with CSSC and Carnival Corporation, for the construction of two cruise ships, with an option for additional four, the first units of the kind ever built in China for the Chinese market.