Italian shipbuilder Fincantieri has held a float-out ceremony of Costa Venezia, the first Costa cruise ship built specifically for the Chinese market.

Costa Cruises is the Italian branch of Carnival Corporation. The 323-meter-long Costa Venezia will start service in March 2019, with a homeport in Shanghai. Its capacity is over 5,100 guests.

“As our first ship built specifically for the Chinese market, Costa Venezia marks a new era not just for Costa Cruises and Fincantieri but for the Chinese cruise industry as a whole,” Mario Zanetti, president of Costa Group Asia, said.

Costa Venezia will be followed by Costa Smeralda, the new flagship of Costa Cruises, scheduled for delivery in October 2019.

China’s COSCO Shipping Lines has welcomed to its fleet another 14,500 TEU newbuild, COSCO Shipping Denali.

The ceremony for the ultra large container vessel was held at Jiangnan Changxing Shipbuilding on June 13, 2018.

Flying the flag of Hong Kong, the newbuild has a length almost of 370 meters and a width of more than 50 meters. Its market value currently stands more than 88 million dollars.

The 155,500 dwt COSCO Shipping Denali is the company’s fourth 14,500 TEU containership that will serve the European route. This type is a next-generation environmentally-friendly containership independently developed by Hudong Zhonghua, according to COSCO.

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Hyundai Merchant Marine (HMM), Evergreen and APL are launching a joint China-Australia service.

Starting on August 17, the weekly service will include the ports of Ningbo, Shanghai, Yantian, Sydney, Melbourne and Brisbane.

Five Panamax vessels will be used on the route, with HMM providing two and Evergreen and APL three vessels.

The service is a response to the rising trade demand on the route.