Fincantieri News

Fincantieri has marked the start of construction of the Oceania Sonata, the new luxury cruise ship for Oceania Cruises, a brand of Norwegian Cruise Line Holdings.The new vessel will be the first of the new Sonata class, a next-generation series building upon the highly acclaimed Allura class, with Oceania Vista delivered by Fincantieri in 2023 and its sister ship, Oceania Allura, scheduled for delivery in July 2025.Oceania Sonata is scheduled for delivery in 2027 and will be followed by a sister ship…

Vard, the Norwegian subsidiary of the Fincantieri Group and one of the major global designers and shipbuilders of specialized vessels, has delivered two of the world's first vessels featuring cyber notation.The ships are the two Commissioning Service Operation Vessels (CSOVs) Grampian Kestrel and Purus Chinook, built respectively for North Star and Purus.In compliance with the new regulations in force from July 1, 2024, the two units feature state-of-the-art solutions that enhance their operational capabilities…

Fincantieri and TUI Cruises, a joint venture between TUI AG and Royal Caribbean Cruises, celebrated the launch of “Mein Schiff Flow” at the Monfalcone shipyard. The vessel is the second of two next-generation InTUItion class cruise ships, designed for dual-fuel operation (Liquefied Natural Gas, LNG, and Marine Gas Oil, MGO). A sister ship to “Mein Schiff Relax," delivered in February, the new unit is scheduled to enter service in mid-2026.With approximately 160,000 gross tons…

Fincantieri and TUI Cruises, a joint venture between TUI AG and Royal Caribbean Cruises, have launched Mein Shiff Flow, a dual-fuel cruise ship newbuild.A sister ship to Mein Schiff Relax, delivered in February 2025, the new unit is scheduled to enter service in mid-2026.With approximately 160,000 gross tons, Mein Schiff Flow is based on a first-in-class project developed by Fincantieri enhancing the modernity and sustainability characteristics that TUI Cruises, a company with…

Italian shipbuilding group Fincantieri and Malaysia’s Enra Energy Solutions (EES) have signed a technical collaboration agreement aimed at supporting the Royal Malaysian Navy’s fleet renewal program.The agreement supports Malaysia’s a long-term strategy to modernize and streamline the Navy's fleet.The partnership is designed to enhance Malaysia’s local shipbuilding capabilities and stimulate the growth of its maritime defense industry. It focuses on the joint development, supply…

During the DEEPDIVE - Analyst and Investor Underwater Day held in Milan, Fincantieri presented its long-term strategic vision for the development of its underwater segment to the financial community.Accounting for about 4% of Group revenue in 2024, the segment is set to double in 2027, reaching 8%, with expected revenue of approximately USD$920 million (820 million euros) and estimated EBITDA of USD$170 million (152 million euros), with an EBITDA margin approaching 19%. Forecast results for 2025 and 2026 confirm the strength of this trend…

Fincantieri has shared its interim financial results for the first quarter of 2025, showcasing growth across all business segments and achieving its best ever quarter in terms of new orders.Key highlights from the report include:Below are the key highlights from the report:Revenues totalled €2,376 million, up 35% compared to Q1 2024 (€1,767 million).EBITDA: €154 million, a 54% increase from Q1 2024 (€100 million), driven by strong performances in all segments, especially Shipbuilding (+53%).EBITDA margin: 6.5%…

Fincantieri, newcleo and Pininfarina have unveiled the look of the next-generation sustainable nuclear generator for maritime applications.The look of newcleo’s fourth-generation lead-cooled fast reactor has been revelated at International Architecture Exhibition of the Venice Biennale.Combining technological vision, industrial expertise, and cutting-edge design, the three companies have collaborated to redefine the image of nuclear energy. Visitors are invited reimagine their…

Officials at Fincantieri Marinette Marine hosted University of Wisconsin-Madison Chancellor Jennifer L. Mnookin and members of her team on May 2 in the Marinette shipyard, 50 miles north of Green Bay.The purpose of the visit was to update the chancellor on the international internship program Fincantieri started last year with engineering students at University of Wisconsin–Madison.FMM’s leader, Jan Allman, was joined by Fincantieri Marine Group CEO, Marco Galbiati, and together…

German naval conglomerate Thyssenkrupp and Italian shipbuilder Fincantieri have signed an Industrial Cooperation Agreement as part of a broader strategic partnership to provide the Philippine’s Navy with advanced submarine capabilities solutions.As part of the Horizon III military modernization initiative, the Philippine Navy aims to enhance its archipelagic defense by acquiring cutting-edge weapon systems. In particular, the introduction of submarines would be a game-changer in securing territorial waters…

Fincantieri has formalized its investment in WSense, a deep tech scale-up specialized in underwater monitoring and communication.The transaction involves the subscription of a convertible loan for an initial amount of $2.84 million, with the option to increase the investment by a further $2.84 million.The timescales for the conversion into equity will be contingent upon the occurrence of specific conditions typical of similar transactions.The completion of the investment in WSense is subject to the fulfillment of certain conditions agreed upon by the parties…

This past month Maritime Reporter TV has taken a close look at two hydrogen fuel cell projects: the new research vessel planned for Scripps Institution of Oceanography and e1 Marine’s methanol-to-hydrogen technology which is being adopted by STAX Engineering for its emissions capture barges.The Scripps California Coastal Research Vessel will feature a hydrogen fuel cell propulsion system that will allow it to operate with no greenhouse gas or other emissions for 75% of its missions – and for all of its time operating in state waters.

Fincantieri and Accenture have signed an agreement to establish Fincantieri Ingenium, a new joint venture created to accelerate digital transformation across the cruise, defense, and port infrastructure sectors. The company will be owned 70% by Fincantieri NexTech – a subsidiary of the Fincantieri Group – and 30% by Accenture.The initiative stems from a memorandum of understanding (MoU) signed in July 2024 and combines Fincantieri’s technological expertise in the naval sector with Accenture’s advanced digital capabilities and digital engineering and manufacturing expertise.

Viking and Fincantieri have announced that the Viking Libra, the world’s first hydrogen-powered cruise ship, capable of operating with zero emissions is scheduled for delivery in 2026.The vessel is already under construction at Fincantieri’s Ancona shipyard, and Viking’s subsequent ocean ship, the Viking Astrea, is also currently under construction and scheduled for delivery in 2027.Both vessels will have a hybrid propulsion system partly powered by hydrogen-fueled fuel cells…

Fincantieri has signed an agreement with Carnival Corporation, valued over $2 billion, for the design and construction of two new cruise ships for AIDA Cruises.This marks the first time that Fincantieri will build cruise ships for AIDA Cruises, thus reinforcing its strategic partnership with Carnival Corporation.The units are scheduled for delivery in early 2030 and late 2031. Each will feature approximately 2,100 guest cabins and will be equipped with multi-fuel engines, capable of operating LNG…

Aussies are reputed to be a nation of gamblers who would bet on two flies crawling up a wall. That might be anyone’s race, but when predicting what the most popular alternative fuel will be, the odds seem to be increasingly in favor of LNG.It seems there is now a clear pathway where previously LNG was considered more of a transition fuel that didn’t have a strong presence in 2050 shipping fuels. New ambitions and new technologies are making it a stronger contender despite the…

Fincantieri has marked the start of construction on the first of two next-generation FREMM frigates of the EVOLUTION version, known as FREMM EVO, at its Riva Trigoso (Genoa) shipyard.The contract for the construction of the two new FREMM EVO units was signed in July 2024 by Orizzonte Sistemi Navali (OSN), a joint venture owned by Fincantieri (51%) and Leonardo (49%), and OCCAR (Organisation Conjointe de Coopération en matière d'Armement).It is part of the multi-year FREMM program aimed at the renewal of the Italian Navy's fleet through the construction of next-generation frigates.

VARD has signed an MoU with Brazilian state-owned company EMGEPRON that aims to foster future cooperation on national defense programs and promote the exchange of knowledge in emerging technologies.Emgepron is linked to the Ministry of Defence of Brazil through the Command of the Navy. In addition to project management, the company commercializes Brazilian naval defense products and services.Located in Pernambuco, Vard Promar is one of the most modern shipbuilding facilities in South America, with the infrastructure and technical capacity to support both defense and commercial projects.

Eni, Fincantieri and RINA have produced a new report: “Sustainable Maritime Transport Outlook” which is focused on the maritime sector and developed with the technical support of Bain & Company Italy.The study aims to contribute to accelerating the decarbonization of the maritime transport sector, in line with the Net Zero target for 2050. It forms part of the broader framework of the agreement signed on March 25, 2024, by Eni, Fincantieri and RINA, with the shared goal of establishing…

Fincantieri and TUI AG have signed a Memorandum of Agreement (MoA) for the design and construction of two new cruise ships for the Marella Cruises brand.The value of this agreement, subject to financing and other typical terms and conditions, is considered as very important, which for Fincantieri represents the value of over $2.1 billion.The agreement represents a major step for Marella Cruises, which is venturing into newbuilding for the first time and has chosen Fincantieri as its strategic partner for this transformation.At the same time…

Fincantieri has held a keel laying ceremony for Seven Seas Prestige, the ultra-luxury cruise ship being built for Regent Seven Seas Cruises.The keel laying ceremony took place at Fincantieri’s shipyard in Marghera, in Venice.Seven Seas Prestige is the first of two next-generation ultra-luxury cruise ships for Regent Seven Seas Cruises, owned by Norwegian Cruise Line Holdings.The vessel is scheduled for delivery in 2026.During the event, three specially chosen coins were welded…

The Switch, a provider of power electronics for the marine industry, has signed a multi-million-dollar contract with Vard Electro to deliver equipment for five diesel-electric hybrid walk-to-work vessels.The Switch will supply its DC-Hub technology to multiple vessels on order at Vard Electro, a subsidiary of Vard, a Fincantieri company.With a total of 15 DC-Hubs to be delivered, the project showcases the increasing demand for flexible and future-proof power distribution systems.The five diesel-electric hybrid walk-to-work vessels of the VARD 3 32 design will provide maintenance…

Italian shipbuilder Fincantieri has delivered Norwegian Aqua cruise ship to Norwegian Cruise Line (NCL).Norwegian Aqua is the first ship of the expanded Prima Plus Class that Fincantieri is building for NCL.At 156,300 gross tons and a length that spans 1,056 feet, Norwegian Aqua is 10% larger than the first two Prima Class vessels, Norwegian Prima and Norwegian Viva, which also feature the craftmanship of Fincantieri.In addition to the delivery of Norwegian Aqua, the Fincantieri shipyard in Marghera will experience another milestone tomorrow…