Fincantieri Orders Soar After Profit Report

Tuesday, September 25, 2007
Italian state-held shipbuilder Fincantieri SpA, the world's largest maker of luxury cruise ships, said its net profit was EUR26.5 million in the first half, in line with the figure for the same period in 2006. New orders rose by a record of EUR2.7 billion, up 34% from a year ago, bringing its total order book to EUR10.6 billion. Gross operating profit rose 26.3% to EUR76.8 million in the first half, the company indicated. Fincantieri is planning an initial public offering in 2008, but the company's time table could slip after the Italian government said labor unions must approve Fincantieri's business plan. [Source: Dow Jones]
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

Textron Awarded $22-M Navy LCAC Contract Modification

The US Department of Defense informs that Textron Inc., New Orleans, Louisiana, is being awarded a $21,904,620 modification to a previously awarded contract (N00024-12-C-2401)

EU to Help Italy Cope with Boat Migrants

The European Commission said on Wednesday it would launch an EU version of Italy's sea rescue operation to help it deal with the droves of migrants crossing the

Today in U.S. Naval History: August 27

Today in U.S. Naval History - August 27 1917 - Squadron of minesweepers departs U.S. for service off France 1944 - USS Stingray (SS-186) lands men and supplies on Luzon,

Finance

Warming Aids Arctic Economies, but Short of 'Cold Rush'

Climate change is aiding shipping, fisheries and tourism in the Arctic but the economic gains fall short of a "cold rush" for an icy region where temperatures are

Iraq to Appeal US Court Decision on Kurdish Oil

The Iraqi oil ministry said on Thursday it would challenge a U.S. court decision that stopped U.S. Marshals from seizing some one million barrels of disputed Kurdish oil docked near Texas.

UK's Hound Point VLCC Jetty Down Until Sept. 15

The supertanker jetty at the North Sea's Hound Point crude oil terminal is shut for maintenance and will not reopen until Sept. 15, operator BP Plc said on Thursday,

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1170 sec (9 req/sec)