China eyes cruise ships to serve South China Sea
Up to eight Chinese ships will offer cruises to the South China Sea over the next five years.
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 buy between five and eight ships.
It will also build four cruise liner docks in Sanya, a Chinese resort city on the southern island province of Hainan, the paper added.
China claims 90 percent of the potentially energy-rich South China Sea. Brunei, Malaysia, the Philippines and Vietnam lay claim to parts of the sea, through which passes about $5 trillion of trade a year.