Giampiero Massolo News

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…

Italian shipbuilder Fincantieri's planned acquisition of state-controlled French rival Chantiers de l'Atlantique to create a European "Airbus of the Seas" is facing collapse barring last-minute political intervention from Paris or Rome.With the offer due to expire in two days after repeated deadline extensions over competition concerns, the deal is still awaiting European antitrust approval in a market that has been completely transformed by the coronavirus pandemic."There is no news on our side…

Italy’s plan to create a European shipbuilding champion through Fincantieri’s bid for France’s Chantiers de l’Atlantique will be decided by the end of December, its chairman said on Monday, amid signs the deal is in trouble.Italy hopes the tie-up will help state-controlled Fincantieri, Europe’s biggest shipyard, better compete with rivals from Asia and elsewhere.Fincantieri, whose clients include Carnival Cruise Line, Holland America Line, P&O Cruises, MSC and Disney Cruise Line…

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 Shipbuilding Company Fincantieri has officially launched the "Emilio Bianchi" frigate, the tenth and last FREMM (Multi Mission European Frigates) vessel at the integrated shipyard of Riva Trigoso (Genoa).The ship has been launched with the combat system and platform equipment already installed onboard and fully integrated. She will now be moved to the Fincantieri‘s shipyard in Muggiano (La Spezia) where, within next June, sea trials will start to test her performances.The ship will be delivered to the Italian Navy in March 2020, after the completion of the last outfitting activities.The 10 vessels have been commissioned to Fincantieri…

Fincantieri Chairman Giampiero Massolo defended the Italian shipbuilder's planned acquisition of French rival Chantiers de l'Atlantique, and said jobs in the industry could suffer if the project fell through.European competition authorities last month opened an in-depth investigation into the proposed deal, saying it would significantly reduce competition and could push up prices for cruise ships."Ours is a valid industrial project that could not only help Europe's shipbuilding industry compete better globally…

Fincantieri Chairman Giampiero Massolo defended the Italian shipbuilder's planned acquisition of French rival Chantiers de l'Atlantique, and said jobs in the industry could suffer if the project fell through.European competition authorities last month opened an in-depth investigation into the proposed deal, saying it would significantly reduce competition and could push up prices for cruise ships."Ours is a valid industrial project that could not only help Europe's shipbuilding industry compete better globally…

“Carnival Panorama”, the new ship of Carnival Cruise Line, a brand under Carnival Corporation & plc, the world’s largest cruise ship operator, was presented at the Fincantieri shipyard in Marghera (Venice) at the presence of the Italian Minister of Infrastructures and Transport Paola De Micheli.The ceremony was attended, among others, by Christine Duffy, President of Carnival Cruise Line, who was welcomed by the Chairman of Fincantieri Giampiero Massolo and the CEO Giuseppe Bono.The new unit is a sister ship of “Carnival Vista”…

Italy launched 'Paolo Thaon di Revel', the first unit in a new class of multipurpose offshore patrol ships (abbreviated to PPA in Italian).The launching ceremony of the PPA took place yesterday (July 15) at Fincantieri’s shipyard in Muggiano (La Spezia), in the presence of the Italian Minister of Defence Elisabetta Trenta.Godmother of the ceremony was Mrs. Irene Imperiali, nephew of the Admiral Paolo Thaon di Revel. The ceremony was attended among others by the Chief of Staff of the Italian Navy, Admiral Valter Girardelli, by Fincantieri’s Chairman Giampiero Massolo and CEO Giuseppe Bono.The PPA, first of seven units, will be delivered in 2021 and it is part of the renewal plan of the operational lines of the Italian Navy vessels…

Italy has launched the Multipurpose Offshore Patrol Ship (PPA) “Paolo Thaon di Revel”  at Fincantieri’s shipyard in Muggiano (La Spezia).The launching ceremony took place in the presence of the Italian Minister of Defence Elisabetta Trenta, Godmother of the ceremony was Mrs. Irene Imperiali, nephew of the Admiral Paolo Thaon di Revel.The ceremony was attended among others by the Chief of Staff of the Italian Navy, Admiral Valter Girardelli, by Fincantieri’s Chairman Giampiero Massolo and CEO Giuseppe Bono.The PPA, first of seven units, will be delivered in 2021 and it is part of the renewal plan of the operational lines of the Italian Navy vessels…

Italy's 5-Star Movement would be in favour of keeping the current chairman and chief economic officer of Fincantieri in their current jobs, a party source said on Monday.Fincantieri's Chairman Giampiero Massolo and CEO Giuseppe Bono come up for renewal at the annual general meeting.Italy's Deputy Prime Minister Matteo Salvini, leader of the right wing League party, also said on Monday he would back a confirmation of the two top executives, following media speculation the 5-Star wanted to replace them.(Reuters, Reporting by Giuseppe Fonte, writing by Alessia Pe, editing by Valentina Za )

The launching ceremony of the “Spartaco Schergat” frigate, the ninth of a series of 10 FREMM vessels – Multi Mission European Frigates, took place at the integrated shipyard of Riva Trigoso (Genoa). The 10 FREMM vessels have been commissioned to Fincantieri by the Italian Navy within the framework of an Italo-French cooperation program under the coordination of OCCAR (Organization Conjointe de Cooperation sur l’Armement, the international organization for cooperation on arms).Godmother of the ceremony was Mrs.

A steel cutting ceremony held today at Fincantieri’s Sestri Ponente (Genoa) shipyard marked the official start of construction for the second of three cruise ships on order for Virgin Voyages (part of Virgin Group). During the event, Virgin Group Founder Sir Richard Branson and Virgin Voyages President and CEO Tom McAlpin, welcomed by Giampiero Massolo and Giuseppe Bono, Chairman and CEO of Fincantieri, also revealed the name of the series’  first ship, which is currently under construction at the yard: Scarlet Lady…

Italian shipbuilder, Fincantieri has launched the FREMM Frigate, ITS Antonio Marceglia for the Italian Navy, during a ceremony at the integrated shipyard of Riva Trigoso in Genoa. "The launching ceremony of the “Antonio Marceglia” frigate, the eighth of a series of 10 FREMM vessels - Multi Mission European Frigates, took place today at the integrated shipyard of Riva Trigoso (Genoa) in the presence of the Italian Minister of Defence, Roberta Pinotti and, on behalf of the Chief of Defence, General Claudio Graziano, the Chief of Staff of the Italian Navy, Admiral Valter Girardelli," said a press statement. The 10 FREMM vessels have been…

The launching ceremony of the bow section of the LSS logistic support unit Vulcano, took place at the shipyard in Castellammare di Stabia (Naples) in the presence of the Italian Minister of Defense, Roberta Pinotti. The unit was ordered to Fincantieri within the renewal plan of the Italian Navy’s fleet. Godmother of the ceremony was Maria Teresa Piras, widow of the vessel tenant Emilio Attramini, young Italian Navy Officer, who died in 1977 in the air disaster of the Monte Serra.

Majestic Princess, the third Royal Princess class cruise ship built by Fincantieri for ship owner Princess Cruises, was delivered at the Monfalcone shipyard in Italy. Princess Cruises, a Carnival Group brand, will deploy the new vessel on the Chinese market. The 145,000-gross-ton Majestic Princess is said to be the largest ship ever built in Italy, able to accommodate 4,250 passengers in 1,780 cabins and 1,350 crew members. The vessel flies the Bermuda flag and is the first ship which Fincantieri has specifically designed and built for the Chinese market…

The handover ceremony of “Seabourn Encore”, the first of two ultra-luxury cruise ships ordered to Fincantieri by the ship owner Seabourn Cruise Line, brand of Carnival Corporation, the world’s largest cruise company, took place today at the Marghera shipyard (Venice). The ceremony was attended for the ship owner, among others, by Micky Arison, Chairman of Carnival Corporation, Richard D. Meadows, President of Seabourn Cruise Line and Arnold Donald, CEO of Carnival Corporation, while Fincantieri was represented by the Chairman, Giampiero Massolo and the CEO, Giuseppe Bono. “Seabourn Encore” was built according to the standards and cutting…