INMEX China 2018 to feature cruise ship building pavilion
The eighth edition of INMEX China returns to the Poly World Trade Centre, Guangzhou, from December 5 to 7.
To address the growing cruise ship-building industry in China, the biennial event will feature a new pavilion this year, INMEX China – Cruise Build.
The extended exhibition will bring together leading cruise companies and suppliers for business opportunities and networking events, as well as a conference with a representative from Italian shipbuilding company Fincantieri as one of the key speakers.
China’s Ministry of Transport expects 4.5 million Chinese cruise passengers by 2020, growing from 2015’s figure of 1.0 million and 2017’s figure of 2.8 million.
The domestic demand for cruise trips in China is increasing by 30 per cent per year, leading to a rising demand for shipbuilding in the country and corresponding support from the Chinese Government.
The government has earmarked cruise ship-building as a major objective in its “Made In China 2025” programme to upgrade its domestic manufacturing and support jobs at its shipyards.
Additionally, reports indicate 17 more cruise ports are scheduled to be built over the next two years, out of which 10 will be built in China . By 2030, China is expected to be the world’s second-largest cruise market after the US.