Italian shipyard giant Fincantieri and China State Shipbuilding Corporation (CSSC) have signed a deal to explore further cooperation in the sector.

The two sides already have a joint venture building the first cruiseships in China for the local market, as well as research and development projects in passengerships and offshore shipping.

The ceremony took place in Beijing in the presence of the Italian economy minister Giovanni Tria; the CEO of state lender and Fincantieri owner Cassa Depositi e Prestiti, Fabrizio Palermo; Fincantieri CEO Giuseppe Bono; and CSSC chairman Lei Fanpei.