Shanghai Waigaoqiao Shipbuilding (SWS) has completed the hull of China's first large luxury cruiseship — giving the country's yards a foothold in a multibillion-dollar market dominated by European players.

State-owned SWS is cooperating with Italy's Fincantieri to build the 135,500-gt Vista-class vessel, which will now move into the second half of production, marking a technological breakthrough for Chinese shipbuilders.

SWS president Chen Gang said the vessel is on schedule for delivery in the third quarter of 2023.