Fincantieri chief executive Giu­seppe Bono says the European shipbuilding giant is entering ­China to monitor as first mover what it regards as a strategic market with high potential.

The move is also designed to head off any of its Euro­pean competitors trying to gain a leading position in ­China, Bono told TradeWinds.

Fincantieri and China State Shipbuilding Corp (CSSC) have established a joint venture to build the first cruiseships in China for the local market, as well as conducting research and development projects for passengerships and offshore.