Fincantieri, one of the world’s largest shipbuilding groups, and Huarun Dadong Dockyard (HRDD), the leading Chinese shipyard specialised in ship repair and refitting activities, signed an exclusive cooperation agreement last March.

“Development of this cooperation framework continued and the parties have now signed a comprehensive agreement which further details and completes the terms of their collaboration. The agreement now includes the joint technical management of ship repair, dry-docking and conversion work on cruise liners and paves the way for the first project,” the two companies said in a joint statement.

Fincantieri has also established a joint venture with the China State Shipbuilding Corporation (CSSC) and Carnival Corporation & plc to build cruise ships for the Chinese source market.