Shipbuilding: Fincantieri signs $542M Cruise Ship Deal
Positive momentum in the cruise sector continues, as Fincantieri signed a $543M contract with Norwegian Cruise Line Holdings Ltd. for the construction of one new ultra-luxury cruise ship for the Regent Seven Seas Cruises brand to be delivered in 2023.The new vessel will be a sister ship to “Seven Seas Explorer”, which took the sea in 2016, and to “Seven Seas Splendor”, due to delivery in 2020. With about 54,000 tons, the unit will be able to accommodate up to 750 guests on board and she will be the brand’s sixth-all-suite vessel in Regent’s fleet. As her sister ships, the new vessel will be built using the very latest environmental protection technologies.
CDP, Fincantieri and Snam Join for Innovation of Ports
Italian investment bank Cassa Depositi e Prestiti (CDP), the largest shipbuilder in Europe Fincantieri and natural gas transmission company Snam teamed up to innovate port facilities in Italy and develop sustainable technologies for maritime transport.The preliminary collaboration agreement is aimed at identifying, defining and implementing medium-term strategic projects for the innovation and development of port facilities in Italy, as well as for the development of sustainable technologies applied to maritime transport…
Vice Adm. Richard Hunt to lead SNA
Retired Vice Adm. Richard Hunt will assume the position of president of the Surface Navy Association (SNA) at the association’s annual symposium in January. Hunt succeeds retired Vice Adm. Barry McCullough, who has been president since 2013.Hunt is a graduate of the University of Wisconsin-Madison and was commissioned in February 1976 through the Officer Candidate School program in Newport, R.I. He attended Naval Post Graduate School, receiving a Master of Science in Telecommunications Systems Management in March 1988.He has served in USS Sampson (DDG 10), USS Underwood (FFG 36) and USS Roark (FF 1053), and has commanded USS Crommelin (FFG 37) and USS Philippine Sea (CG 58).
Mergers: Commission to Assess Acquisition of Chantiers de l'Atlantique by Fincantieri
The European Commission has agreed to the request submitted by France and Germany asking it to look at Fincantieri's proposed acquisition of Chantiers de l'Atlantique in the light of the EU Merger Regulation.The Commission considers that the transaction could harm competition at European and global level.The proposed acquisition of Chantiers de l'Atlantique by Fincantieri does not reach the turnover thresholds set by the EU Merger Regulation for transactions notifiable to the European Commission because of their European dimension. However, the plan was notified for authorisation in France and Germany.France submitted a referral request pursuant to Article 22(1) of the EU Merger Regulation.
Marine Propulsion: FPT Boosts Prospects with Fincantieri Partnership
FPT Industrial announced a partnership with Fincantieri, as FPT has been chosen by Fincantieri as a preferred partner to supply tailor-made powertrain solutions for its customers. The partnership includes FPT Industrial marine engines and auxiliaries, as well as ground power generators, and is dedicated to the worldwide market of commercial, patrolling and special applications, covering power ranges up to 1,000 hp.“We are proud to become a preferred supplier of Fincantieri: this…
Fincantieri to Build Two New Ships for Norwegian's Oceania Cruises
The largest shipbuilder in Europe Fincantieri and the US Group Norwegian Cruise Line Holdings Ltd. signed a contract for the construction of two new generation cruise ships for the Oceania Cruises brand, with delivery scheduled respectively in 2022 and 2025, which will start the “Allura-Class”.The agreement has an overall value exceeding 1 billion euros.With about 67,000 tons and the capacity of accommodating approximately 1,200 passengers on board, these units will be the new flagships of Oceania Cruises future fleet…
Shipbuilding: French, German Intervention Upsets Italy
Italian Deputy Prime Minister Matteo Salvini attacked France and Germany on Tuesday over their role in a European Union investigation into a planned merger involving Italian shipbuilder Fincantieri."What has happened is extremely serious, France and Germany behaved wrongly.
EU Will Review Planned French-Italian Shipbuilding Merger
The European Commission said on Tuesday that it would investigate Italian shipbuilder Fincantieri's planned acquisition of French counterpart Chantiers de l'Atlantique after France and Germany asked it to do so.The merged entity would not have a turnover high enough to require notification to EU regulators."However, the plan was notified for authorisation in France and Germany," the Commission said in a statement.It added that, on the basis of information provided by both countries…
Fincantieri Bay Shipbuilding Delivers Kirby ATB
Fincantieri Bay Shipbuilding delivered an Articulated Tug Barge Unit (ATB) to Kirby Corporation (NYSE: KEX). “This is the third 155,000 barrel ATB it has built for Kirby in the past three years," said Kirby CEO David Grzebinski. "This new Jones Act-compliant ATB unit will allow us to continue our commitment to provide efficient and reliable customer service.”The 8,000-hp, 12-knot tug Ronnie Murph measures 130 x 42 with a 23-ft. depth and a 19-ft. draft.The barge, KIRBY 155-03, is measures 521 x 72 ft., with a depth of 41 ft. and a 155,000-barrel capacity.
Fincantieri Built Carnival Panorama
Fincantieri's Marghera shipyard in Venice launched the Carnival Panorama, a sister ship of the 4,000-passenger Carnival Vista and Carnival Horizon.The the largest shipbuilder in Europe said in a press release that interior fittings will now begin, leading the ship to its delivery, scheduled in autumn 2019.The launching of the Carnival Cruise Line vessel was introduced by the traditional and well-wishing “coin ceremony”, consisting, according to an ancient shipbuilding custom, in welding a silver dollar on the last deck of the ship.
Fincantieri Delivers Nieuw Statendam
Nieuw Statendam, the new cruise ship of Holland America Line, was presented at the Fincantieri Marghera shipyard in Venice. Holland America Line is a brand under Carnival Corporation, the world’s largest cruise operator.The vessel is the 16th Holland America Line ship built by Fincantieri and is the line’s second Pinnacle-class ship after Koningsdam, delivered in 2016.The 99,902-ton vessel accommodates 2,666 guests and is the ultimate expression of the Holland America Line brand.
Shipyards: FMG & its Quest to Build USCG Icebreakers
As the U.S. Coast Guard moves to rebuild its icebreaker fleet we spoke with RADM Bruce Baffer (Ret.), head of Fincantieri’s effort to win the contract to build the Polar Security Cutters.The case for the U.S. to build a new class of icebreakers is strong. While news of global climate change and the shrinking ice caps at both poles is daily headline fodder, maritime navigation in and around the Arctic and Antarctic remains one of the most difficult and dangerous operating arenas on the high seas.
Vard Begins Construction of Le Commandant Charcot
Construction of Ponant's new polar exploration vessel Le Commandant Charcot has begun with the traditional steel cutting ceremony at Vard's shipyard in Tulcea, Romania.Delivery of the new flagship, the most ambitious ever designed both in terms of travel experience and respect for the environment, is scheduled for 2021.The vessel will bear the name of a great French explorer: Le Commandant Charcot. An explorer by vocation with a true passion for sailing, Jean-Baptiste Charcot…
Windstar Cruises Announces $250 Million Star Plus Initiative
Major Investment Engages Fincantieri to Renovate & Lengthen Windstar’s Three Star-Class Ships beginning in Fall 2019. Windstar Cruises today announces the $250 Million Star Plus Initiative, a major investment and expansion for the innovative cruise company. The multi-million dollar, multi-year undertaking will impact and enhance all aspects of the guest experience for the highly awarded small ship cruise line’s three Star Class vessels. “We are thrilled to announce the $250 Million Star Plus Initiative, a significant investment in the future of Windstar Cruises.
China Cruising: Carnival Corp Launches China JV
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), has announced that its cruise joint venture with China State Shipbuilding Corporation (CSSC) will launch this week under the name CSSC Carnival Cruise Shipping Limited. The new China-based cruise company plans to operate its own fleet to serve Chinese cruise guests by the end of 2019.CSSC Carnival Cruise Shipping Limited announced an agreement to purchase two existing ships from Carnival Corporation’s Costa Group, the leading cruise operator in Europe and Asia.
Fincantieri to Establish Cruise Hub in China
The cruise shipbuilder Fincantieri has signed contracts with the Shanghai City’s District of Baoshan to set up a cruise hub."At the presence of the Deputy Prime Minister of Italy and Minister of Economic development and Labor Luigi Di Maio and the Chairman of Cassa depositi e prestiti Massimo Tononi, the Fincantieri CEO Giuseppe Bono and the District Mayor of Baoshan Fan Shaojun, within the development of the shipbuilding segments, set out by China, have signed the contracts aimed at creating a cruise hub…
Cruise Shipping: Virgin Orders a Fourth Ship from Fincantieri
Fincantieri and Virgin Voyages signed a $791m contract for the construction of a fourth cruise ship, which will be delivered at the end of 2023.The new vessel will be a sister-ship of the three ships on order with Fincantieri. Construction is underway at the Sestri Ponente shipyard (Genoa) and the first three ships will enter Virgin Voyage’s fleet respectively in 2020, 2021 and 2022.The fourth vessel will be approximately 110,000 gross tons, 278 meters long and 38 meters wide. The ship will feature over 1,400 guest cabins designed to host more than 2,770 passengers, accompanied by 1,100 crew members on board to deliver the famed Virgin service.The Virgin Voyages fleet will stand out for original design and craftsmanship.
Leonardo CEO: Fincantieri JV to Favor Talks with France
A joint venture signed between defense company Leonardo and shipbuilder Fincantieri will favor Italy's talks with France over a military shipbuilding deal, Leonardo CEO told Corriere della Sera on Monday.Earlier this month the two Italian companies sealed a deal over the development of combat systems, strengthening their cooperation in the naval sector.Separately, Fincantieri and French state-controlled shipyards Naval Group last week announced a joint venture for warship projects, moving closer to a broader alliance between the two countries on military shipbuilding.Leonardo, which supplies c
French, Italian Pact on Naval Co-operation Venture
The French and Italian governments announced their intention to facilitate the creation of a more efficient and competitive European shipbuilding industry and to reinforce their military naval cooperation by initiating discussions with a view to establish an industrial Alliance between Fincantieri and Naval Group.Fincantieri and Naval Group worked intensively since this date and submitted their proposal for such an Alliance in July 2018 to the competent French and Italian Ministers…
MSC Cruises Orders 4 Luxury Ships at Fincantieri
Geneva headquartered MSC Cruises announced plans to enter the ultra-luxury cruise segment with a memorandum of agreement (MOA) for the construction of four new vessels from Italian builder Fincantieri. The four cruise ships have a total value in excess of €2 billion and bring the number of MSC Cruises ships to be built by Fincantieri to eight.The first ultra-luxury ship is scheduled for delivery in Spring 2023, followed by one vessel per year thereafter.Pierfrancesco Vago, MSC Cruises’ Executive Chairman…
Naval Group CEO Discussing with Fincantieri, Open to Other Partners
Naval Group CEO Herve Guillou said on Monday that the company was discussing "intensively" with Italy's Fincantieri over a naval deal but that it was also still open to possible talks with other potential partners."We are intensively discussing with Fincantieri but this is not closed to other potential partners," Guillou told a conference call. "We are discussing with Italy today but as you know I have offered possible talks to everybody in Europe. Today only Italy is willing to have very active discussions."The chief executive of Fincantieri said last week that the military shipbuilding alliance was still being examined but would require time given its complexity.Reporting by Cyril Altmeyer Writing by Ingrid Melander
France-Italy Naval Shipbuilding Deal Still Being Examined
A military shipbuilding alliance between Italy and France is still being examined but will require time given its complexity, the chief executive of Italy's Fincantieri said on Tuesday.Italy and France had aimed to outline such a deal by June after Fincantieri took control of France's STX shipyards in February.The agreement set the groundwork for a possible wider alliance between the two countries, merging France's Naval Group military shipyards with Fincantieri's, with the aim of fending off competition…
Carnival Horizon Cleared to Sail after Allision in NYC
The U.S. Coast Guard has cleared the Carnival Horizon to sail after the 133,500 GT cruise ship struck a pier at the Manhattan Cruise Terminal earlier this week.The Coast Guard conducted an extensive investigation and examinations on the ship and required multiple technical surveys, including an underwater hull survey and operations testing of essential equipment, before it ultimately determined that the ship was safe depart the Port of New York and New Jersey on its scheduled eight-night Caribbean cruise.Minor structural damage to the ship’s bow was discovered…