Giuseppe Bono News

Italian shipbuilder Fincantieri on Wednesday vowed to lower its debt in the coming months by delivering new cruise ships, after reporting a first half net loss of 234 million euros ($237 million).Chief Executive Pierroberto Folgiero, who took over earlier this year from long-serving predecessor Giuseppe Bono, said the company would focus on its core business in order to reap benefits from expected growth in defense spending and a post-pandemic recovery in the cruise market.Intesa Sanpaolo analysts said the proposed strategic review of Fincantieri's non-core businesses, such as infrastructure c

Italy's Fincantieri said sales rose 18% from a year earlier in the first quarter to 1.7 billion euros ($1.8 billion) driven by a strong performance of its core shipbuilding business.The group is gearing up for the exit of chief executive Giuseppe Bono, who is set to retire after 20 years at the helm to be replaced by former Maire Tecnimont CEO Pierroberto Folgiero.Earnings before interest, taxes, depreciation and amortization (EBITDA) were up 17.2% at 118 million euros.The EBITDA margin was flat at 7.0% and the company expects it to remain "solid" despite recent rises in commodity prices…

Inspection, certification and consulting engineering multinational RINA said it is teaming up with shipbuilding group Fincantieri to develop synergies in the field of decarbonization, with a focus on alternative fuels, carbon capture and renewable energies in the shipping sector.Under their signed signed a memorandum of understanding, the two Italian firms will partner in initiatives related to technology scouting, the analysis, study and simulation of new fuels and energy vectors - in particular hydrogen and ammonia - and carbon capture.

The Italian Coast Guard on Monday signed a contract for the design and construction of a new multi-role offshore unit (UAM) for missions ranging from sea rescue to maritime safety, from marine conservation to fish resources protection, as well as civil protection.The signing took place in Rome at the headquarters of the General Command of the Harbor Authorities - Coast Guard between the Commanding General, Adm. Inspector Nicola Carlone, and the CEO of Fincantieri, Giuseppe Bono…

Italian industrial giants Eni and Fincantieri have signed an agreement to establish a partnership for promoting initiatives focused on the energy transition. Oil giant Eni and shipbuilder Fincantieri said the goal of the collaboration was to create a system of integrated solutions for decarbonization projects in the fields of energy, transport, and the circular economy."Eni and Fincantieri have identified areas of common interest for developing synergies, including reducing the environmental impact of the maritime transport sector…

Italian shipbuilder Fincantieri has said it has delivered the MSC Seashore - the largest cruise ship to be built in Italy - to the cruise division of MSC GroupAlso, Fincantieri said Monday that MSC Seashore's sister ship MSC Seascape was under construction at the Monfalcone shipyard. MSC Seascape is expected to enter service in the winter of 2022.Pierfrancesco Vago, executive chairman of the Cruise Division of MSC Group, said the construction of MSC Seashore is an investment that generates an impact on the Italian economy of almost 5 billion euros and the employment of up to 4…

MSC Group's cruise division, shipbuilder Fincantieri, and Italian energy infrastructure company Snam have signed a memorandum of understanding to determine the conditions for the design and construction of what would become the world’s first oceangoing hydrogen-powered cruise ship.The owner of the world’s third largest cruise brand and part of the leading global shipping and logistics conglomerate MSC Group, giant shipbuilding group Fincantieri, and Snam have joined forces to…

MSC Group's Cruise Division has signed a contract with Fincantieri for the construction of a new mega cruise terminal at PortMiami, a North America and the Caribbean cruise hub.The new terminal reflects an investment of approximately €350 million ($414.4 million) and will be made up of a multi-level central body to serve as many as three latest generation ships at the same time, with up to 36,000 travelers transiting every day. Designed by the award-winning global architecture firm Arquitectonica…

Italian shipbuilder Fincantieri has signed a contract with the Ministry of Defense of Indonesia, for the supply of 6 FREMM class frigates, the modernization and sale of 2 Maestrale class frigates, and the related logistical support. Fincantieri will be the prime contractor for the entire program. The company did not share financial details."The construction of the frigates will ensure significant employment benefits not only for several Italian shipyards of the Group in the next years…

Carnival Corporation's Costa Cruises has taken delivery of the new cruise ship Costa Firenze designed and built by Fincantieri at its Marghera shipyard.With 135,500 gross tonnage and a capacity of more than 5,200 guests, the Costa Firenze is part of a €6 billion ($7.3 billion) development plan that includes seven new ships to be delivered for the Costa Group by 2023. Costa Firenze is the fourth of these new ships to be delivered with three more to come.“The handover of the new Costa Firenze is a sign of hope and restart for the whole cruise and tourism ecosystems.

Italy's shipbuilder Fincantieri said on Thursday it had a consistent order backlog and did not get any cancellations from clients, despite a deep crisis of the cruise industry due to the coronavirus pandemic and global travel restrictions.Fincantieri said core earnings were down to 200 million euros ($235.98 million) in the first nine months of the year from 306 million euros last year but that its total order backlog at end-September was 36.8 billion euros."The cruise industry is gradually recovering...

China State Shipbuilding Corporation (CSSC) subsidiary Shanghai Waigaoqiao Shipbuilding Co. Ltd (SWS) has started hull construction for the first cruise ship that it is building for CSSC Carnival Cruise Shipping Limited, joint venture between Carnival Corporation and CSSC.The new vessel, scheduled for delivery in 2023, will accommodate about 4,250 passengers, in addition to 1,400 crew members. It is said to be the first cruise ship built in China for the Chinese market.A joint venture set up by Italian shipbuilding group Fincantieri and CSSC Cruise Technology Development Co.

Fincantieri handed over the 145,000-gross-ton Enchanted Princess to Carnival Corp. brand Princess Cruises on Wednesday, marking the Italian shipbuilder's 100th cruise ship delivery over the last 30 years, and the first since the start of the coronavirus pandemic.The milestone delivery was celebrated with a live video message from Italian Prime Minister Giuseppe Conte during a ceremony virtually attended by Micky Arison, Chairman of Carnival Corp.; Arnold Donald, President and CEO of Carnival Corp.…

Italian shipbuilder Fincantieri announced Thursday it has floated out the new cruise ship MSC Seashore at its shipyard in Monfalcone. The vessel has been moved to a wet dock where interior outfitting work will continue until delivery to MSC Cruises in July 2021.MSC Seashore, which will be MSC Cruises’ longest ship at 339 metres and the largest and most innovative ever built in Italy, is the third of four vessels in MSC Cruises’ Seaside class, following MSC Seaside and MSC Seaview launched in 2017 and 2018 respectively.

Fincantieri said it has acquired a majority share in communications equipment supplier Support Logistic Services (SLS) as the Italian shipbuilding group continues its push to diversify and expand its product and service portfolio.Rome-based SLS, which produces, installs and maintens radar, satellite and radio communications systems for military and civil applications, will be added under Fincantieri's information technology and electronics subsidiary INSIS, part of the group's newborn Electronics, Systems & Software Division.

Italian industrial giants, energy firm Eni and shipbuilding group Fincantieri have signed a Memorandum of Understanding (MoU) to explore innovative initiatives in the field of decarbonization and circular economy, including offshore renewable technologies.According to Eni, the activities will focus mainly on waste to energy, production and transport of energy carriers as natural gas, methanol or hydrogen, fuel cells applications, the development and deployment of offshore renewable technologies.Over the three years of the previous agreement…

The coronavirus pandemic has not caused Italian shipbuilding giant Fincantieri to lose any of its existing orders, CEO Giuseppe Bono told a Senate defense committee.While the company has not received any order cancellations to date, the company—one of the world's top cruise ship builders—said in its first quarter report that it is in talks with clients and subcontractors to discuss potentially stretching out order delivery times for vessels currently under construction and on…

The intergovernmental agreement signed between French and Italian States to establish Naviris, the joint-venture (JV) between the shipbuilders Naval Group and Fincantieri.This agreement makes the long term alliance launched by these two industrial Groups fully operational.The JV, owned equally by the two groups, will manage ambitious projects, including mid-term modernization of the Franco-Italian Horizon frigates, common R&D, export opportunities and the development of a European Patrol Corvette. “We welcome this intergovernmental agreement, which reinforces our joint-venture Naviris. We are delighted to be able to count on the support of both the Italian and French governments together with the Navies of our two countries to carry out our mission effectively”…

Qatar's Ministry of Defense has signed an agreement with Italian shipbuilding group Fincantieri evaluate and study new technologies and capabilities, possibly leading to a future acquisition of new vessels in 2020.Fincantier said it signed a Memorandum of Understanding (MoU) with Barzan Holding, a company wholly owned by the Qatari Ministry of Defense and responsible for empowering the military capabilities of the national armed force in the state, in Doha, on Friday.The programs indicated in the MOU include…

Italian shipbuilding company has been awarded an order worth almost 100 million euros (about 111 million U.S. dollars) to provide high-profile equipment as part of the International Thermonuclear Experimental Reactor (ITER) project to build a nuclear fusion reactor.The ITER Project is a multinational collaboration aimed at building an experimental hydrogen fusion reactor, first of its kind, and acknowledged as one of the most ambitious initiatives in the world in the field of sustainable energy.A temporary consortium has been established for the execution of these activities. It includes Fincantieri itself as the main contractor, its subsidiary Fincantieri SI…

The joint venture between Fincantieri and Naval Group, held its first board meeting for Naviris. Through Naviris, Fincantieri and Naval Group are pooling their strengths to develop a new strategic capability and respond in an innovative way to the needs of their customers.The two companies have established that Naviris is a 50/50 joint venture. With the head office located in Genoa with a subsidiary in Ollioules, the Naviris team will focus on bi-national and export projects.

A Lockheed Martin-led team has secured a multibillion dollar order from the U.S. Navy to build four Multi-Mission Surface Combatants ships for the Kingdom of Saudi Arabia, as part of the U.S.’s Foreign Military Sales program.Fincantieri Marinette Marine (FMM), who has been working with Lockheed Martin, naval architect Gibbs & Cox and more than 800 suppliers in 42 states for the US Navy’s Littoral Combat Ship (LCS) program, said it will build the ships at its Marinette yard in Wisconsin.

Italian shipbuilder Fincantieri has signed a memorandum of agreement (MoA) to design and construct two new-generation luxury expedition cruise ships for French cruise operator Ponant.The MoA also envisages an option for one further sister-ship. The finalization of the contract is subject to the fulfillment of technical and financial conditions.In the past, Fincantieri has already built for Ponant 4 ships in Ancona, "Le Boréal", "L'Austral", "Le Soléal", and "Le Lyrial", delivered respectively in 2010, 2011, 2013, and 2015.VARD, Fincantieri's Norwegian subsidiary, active in the design and shipbuilding of expedition cruise vessels, has built in 2018 and 2019 four units of the "Ponant Explorers" class and will deliver the last two of the series in 2020.