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My heart will go on
UK Prime Minister David Cameron’s ardent embrace of President Xi Jinping last week has borne rapid fruit. The China State Shipbuilding Corp, the country’s biggest shipbuilder, is set to ink a £2.6 billion ($3.9 billion) joint venture with Britain's Carnival Corp, the world's largest cruise ship operator, Mainland news website Caixin.com said.
The deal, which would create a new domestic cruise line brand, would help to develop China's luxury cruise-line industry. The first of five vessels built by Waigaoqiao Shipbuilding will launch in 2020.
“The ships' displacement of 130,000 tonnes will be more than twice that of the Titanic. The ships will measure more than 300m long - the Titanic was 269.1m long - and have the capacity to hold 5,000 passengers,” reports SCMP, perhaps a tad mischievously.
The Titanic famously sank on its maiden voyage in 1912 with the loss of 2,334 lives after striking an iceberg.