Fincantieri News

Italian shipbuilder Fincantieri said it has presented Scarlet Lady, the first of four new cruise ships it is building for new cruise ship operator Virgin Voyages, part of Richard Branson’s Virgin Group.The 110,00-gross-ton Scarlet Lady, constructed at the builder's shipyard in Genoa Sestri Ponente, is 278 meters long and 38 meters wide. Virgin Voyages second ship, Valiant Lady, currently under construction in the same yard, will be delivered in 2021, while the third and the fourth units…

The consortium consisting of Fincantieri, through its subsidiary Fincantieri Marinette Marine (FMM), and Lockheed Martin Corporation has delivered the future littoral combat ship USS St. Louis, LCS 19, to the Navy.St. Louis is the 10th Freedom-class ship, and the 19th littoral combat ship of 34 planned by the Navy. Independence-class LCS vessels are also underway.The Fincantieri and Lockheed Martin team is currently in full-rate production and has delivered ten ships to the U.S. Navy to date.

Italian shipbuilder Fincantieri announced it has delivered Seven Seas Splendor for US-based Regent Seven Seas Cruises.The Ancona-built ultra-luxury cruise ship is the second Fincaantieri has delivered for the Regent Seven Seas Cruises, a Norwegian Cruise Line brand. The newbuild is the fifth-all-suite vessel in Regent’s fleet.Like sister ship Seven Seas Explorer, delivered by Fincantieri at the Sestri Ponente (Genova) shipyard in 2016, Seven Seas Splendor is 55,000 gross tons, 224 meters long and is able to accommodate 750 passengers on board in 375 suites all including private balconies.

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…

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.

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.

Littoral Combat Ship (LCS) 19, the future USS St. Louis, has completed acceptance trials in Lake Michigan and will now undergo final outfitting and fine-tuning before delivery to the US Navy early next year.Christened and launched on December 15, 2018, LCS 19 was built by Marinette Marine in Marinette, Wis. The vessel is the seventh ship in naval service named after St. Louis, Mo. and the 10th Freedom-variant LCS designed and built by the Lockheed Martin-led industry team."The LCS fleet is growing in numbers and capability…

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…

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…

Italian shipbuilder Fincantieri has posted higher earnings in the first nine months, but said the result was hit by losses at its Vard unit. Revenues increased by 9.7% at euro 4,254 million (euro 3,878 million at 30 September 2018).Fincantieri reported a positive performance of the Shipbuilding segment (+30.2% compared to 30 September 2018 despite the negative impact of Vard cruise projects) and was affected by the negative margin of the Offshore and Specialized Vessels segment.Positive operating performance at Group level…

Italian shipbuilder Fincantieri held an official float-out ceremony at its shipyard in Marghera for Costa Firenze, Costa Cruises’ second ship designed and built specifically for the Chinese market.Costa Cruises is the Italian company of Carnival Corporation, the world’s largest leisure travel company.The ceremony was held at Fincantieri shipyard in Marghera, Italy, where the ship is being built with scheduled delivery on September 30, 2020, once the interior fittings have been completed.Costa Firenze is the sister ship of Costa Venezia…

Italian finance police searched offices of several companies working for state-controlled shipbuilder Fincantieri, as part of an investigation into suspected corruption, fraud and worker exploitation, the prosecutor's office in Venice said on Wednesday.The prosecutor added in a statement that 34 people were under investigation for alleged "systematic exploitation" of foreign workers - mainly from Bangladesh and Albania - in shipyards in the port city of Marghera, close to Venice, working on orders for Fincantieri.The searches involved 19 different companies in seven different Italian regions a

Vard Marine, a naval architecture and marine engineering company, recently completed the concept design of a new 5,400 cubic meter (CBM) LNG bunker barge for Fincantieri Bay Shipbuilding.The barge is being designed for Polaris New Energy’s bunkering operations that will support LNG fueled ships in the east coast of the United States. It will be built at Fincantieri Bay Shipbuilding in Sturgeon Bay, Wisconsin and is expected to be delivered in November 2021.Vard Marine is currently…

Fincantieri Marinette Marine (FMM) and Vigor (Team RB-M) has announced the delivery of the first three on a six vessel RB-M contract to the US Coast Guard. The boats are part of a Foreign Military Sale to The Kingdom of Bahrain’s Coast Guard. Hulls four through six are expected to ship in 2020. A total of 182 RB-Ms have been built by Team RB-M.FMM was the prime contractor and program manager. Vigor fabricated the vessels at its Seattle, Washington facility using high temp resistant aluminum.

French shipbuilders Naval Group and Italy's Fincantieri announced the name of the 50/50  joint venture NAVIRIS.The name was presented during the recent Steering Committee held in Genoa (it meets every quarter alternatively in France and Italy) and is a new step in the strong collaboration between Fincantieri and Naval Group.The Alliance between Fincantieri and Naval Group represents a great opportunity for both groups and their ecosystems to enhance their ability to better serve the French and Italian navies…

Italy's bid to create a European industrial champion in the shipbuilding industry faces hurdles after EU antitrust regulators said Fincantieri's bid for Chantiers de l'Atlantique would significantly reduce competition.The European Commission said the deal between two global leaders in an already concentrated and capacity-constrained market could push up prices for cruise ships as it began an investigation on Wednesday.Italy is hoping the deal will help Fincantieri, Europe's biggest shipyard…

EU antitrust regulators launched on Wednesday a full-scale investigation into Italian shipyard Fincantieri's bid for France's Chantiers de l'Atlantique, saying the deal may reduce competition and push up prices for cruise ships.The European Commission said it was unlikely that the entry of other ship builders into the market would offset the possible negative effects of the deal, confirming a Reuters story on Oct. 29.The EU competition enforcer will now decide by 17 March whether to clear or block the deal.(Reporting by Foo Yun Chee; editing by Francesco Guarascio)

Europe's largest shipyard Fincantieri faces a full-scale EU antitrust investigation into its bid for France's Chantiers de l'Atlantique on concerns the deal would reduce competition, three people familiar with the matter said.The European Commission's preliminary review of the deal ends on Wednesday. It will follow up with an in-depth investigation, the sources said. This lasts 90 working days but could stretch to as long as five months.The EU competition enforcer is worried the number of European players will be cut to two from three as a result of the deal, the sources said. The other competitor is a German shipyard.Fincantieri has argued Asian shipyards could pose strong competition in the next decade to try to address the Commission's worries, the people said.

“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”…

Italian oil group Eni is joining forces with shipbuilder Fincantieri, power grid group Terna and state lender Cassa Depositi e Prestiti (CDP) to develop wave power stations.The agreement, which follows the understanding signed last 19 April, will launch the first phase of a joint project to convert the Inertial Sea Wave Energy Converter (ISWEC) pilot project, an innovative system that transforms energy generated by waves into electricity, into an industrial scale power station…