Fincantieri Forms New Company in U.S.

Thursday, November 17, 2005
Italian shipbuilding powerhouse Fincantieri has formed a new company, Fincantieri Marine Systems North America, Inc. FDGM, Inc., the U.S.-based subsidiary of Fincantieri, will be absorbed by this new company. The establishment of this new company is part of the vision of the Fincantieri CEO Giuseppe Bono to enlarge its presence in the global maritime market. Drawing on the vast resources of the parent company and forming strategic partnerships with other U.S. companies, Fincantieri Marine Systems North America, Inc. is uniquely qualified to provide fully engineered and integrated propulsion systems and machinery plant solutions to the U.S. shipbuilding industry for naval and commercial vessels. Service to the U.S. Navy's mine warfare force will be enhanced to an even greater level as additional parent company resources are brought to bear. Fincantieri Marine Systems North America, Inc.'s parent Fincantieri, headquartered in Trieste, Italy, is a cruise ship builder with more than 50 percent of the market, a market leader in design and building of fast ferries, holding also approximately 40 percent of the Mediterranean and North Sea market share in cruise ferries greater than 150 meters in length, naval vessel building and design, state-of-the-art mechanical products, and high speed diesel engines. Fincantieri Marine Systems North America, Inc. will provide in-service support for the Isotta Fraschini non-magnetic diesel engines for the U.S. Navy's mine warfare fleet and for supply Isotta Fraschini diesel generators and the Ride Control System for the Lockheed Martin Design LCS. Fincantieri Marine Systems North America, Inc. will retain its corporate headquarters in Chesapeake, VA, and will continue to support the U.S. Navy's forward deployed mine ships through its locations in Ingleside, TX, Bahrain and Sasebo, Japan. Source: Fincantieri Marine Systems North America, Inc.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

First Women's Expedition to the Arctic

Company "MyArctic-expeditions" organize the first women's expedition to the Arctic Ocean. The expedition will start on March 5 in the capital of the Nenets Autonomous

Topaz Responder Saves Refugee Migrants

Topaz Energy and Marine has emerged as an unlikely player in the effort to save refugee migrants risking their lives on the sea crossing from Turkey to Greece’s islands in order to reach Europe.

MHI's Entity to Oversee Material Handling Equipment, Engine and Turbocharger Businesses

Today Mitsubishi Heavy Industries, Ltd. (MHI) decided in principle to launch a new wholly owned entity to integrally oversee its current businesses in material

Tanker Trends

Crowley Christens 2nd LNG-ready Product Tanker

Crowley christens second of four newly built, LNG-ready product tankers for use in U.S. coastwise trade   Crowley Maritime Corp. has christened the second of

Canada Says Lifting Some Sanctions Against Iran

The Canadian government said on Friday it was lifting some sanctions against Iran, including the broad ban on financial services, imports and exports, making Canadian

Glencore to Lift Iranian Fuel Oil at Bandar Mahshahr

Anglo-Swiss commodity trader Glencore has chartered a ship to load Iranian fuel oil at the Iranian port of Bandar Mahshahr in a move that signals the return of

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0910 sec (11 req/sec)