Fincantieri News

11 Nov 2019

Jobs at risk if Merger Stopped, Fincantieri Chairman Warns

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…

11 Nov 2019

Fincantieri: Jobs at Risk if Merger with Chantiers de l'Atlantique Stopped

Photo: 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…

08 Nov 2019

Fincantieri: Vard Shipyard is Losing Money

Pic: Vard

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…

06 Nov 2019

Costa Firenze Floats Out at Fincantieri

Image: Costa Cruises

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…

06 Nov 2019

Italy Police Search Shipbuilding Firms Linked to Fincantieri

File Image: Fincantieri

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

02 Nov 2019

Vard to Design LNG Bunker Barge for Fincantieri

Pic: Vard Marine

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…

01 Nov 2019

FMM, Vigor Deliver Response Boats to Bahrain

Photo: FMM

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.

31 Oct 2019

Naval Group, Fincantieri JV Named NAVIRIS

Photo: Naval Group

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…

30 Oct 2019

Fincantieri's French Shipyard Bid Gets EU Scrutiny

File Image of a Fincantieri Shipyard (CREDIT: Fincantieri)

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…

30 Oct 2019

EU Launches Probe Over Fincantieri's Bid for French 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)

29 Oct 2019

Fincantieri's French Shipyard Bid Faces Lengthy EU Antitrust Probe

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.

29 Oct 2019

Fincantieri Presents "Carnival Panorama" in Marghera

Photo courtesy of Fincantieri

“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”…

29 Oct 2019

Eni-led Group to Build Wave Power Stations

Photo by Fincantieri

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…

16 Oct 2019

MSC Cruises Returns to Thordon to Keep Seashore Clean

Photo: Thordon Bearings

Thordon Bearings has received an order to supply a water-lubricated propeller shaft bearing solution to Fincantieri’s Monfalcone shipyard for installation to MSC Seashore, the third Seaside Class cruiseship to which Thordon’s COMPAC system has been specified.As part of a scope of environmentally-sustainable technology to feature aboard the 339m long, twin screw vessel – the first of two enriched Seaside Evo Class ships scheduled to enter services in 2021 – Thordon will supply two 628mm (24.7in) diameter COMPAC propeller shaft bearings…

24 Oct 2019

RINA Classes Prysmian Cable Layer

Leonardo Da Vinci will join the Prysmian fleet in 2021 (Image: RINA)

The recently named cable laying vessel Leonardo Da Vinci, set to join the fleet of energy and telecom cable systems company Prysmian Group in the second quarter of 2021, incorporates innovative features that required the new battery power class notation to be developed by classification society RINA.The new vessel is being built by Vard, a Fincantieri company, at one of its shipyards in Norway, with the hull being fabricated at Vard Tulcea in Romania. RINA has carried out a full…

24 Oct 2019

Fincantieri Signs Contract with Chantiers de l’Atlantique

Photo: Fincantieri

Fincantieri has been awarded an order from Chantiers de l’Atlantique (CdA) for the construction of the forward sections of four vessels based on the Italian “Vulcano” design.The forward sections will be built in Castellammare di Stabia (Naples), as for the “Vulcano” vessel, with deliveries to Chantiers de l’Atlantique scheduled between 2021 and 2027.The contract is part of the FLOTLOG (Flotte logistique) program, which provides for the construction of four Logistic Support Ships…

06 Oct 2019

Vard Delivers Hanseatic Inspiration

Image: Hapag-Lloyd Cruises

Vard, a Fincantieri subsidiary, has delivered the new Hanseatic Inspiration to Hapag-Lloyd Cruises, the second in a series of three 230-guest luxury expedition ships for the German cruise operator.With her close to 16,000 gross tons and 139 meters long, “Hanseatic inspiration” follows sister ship “Hanseatic nature”, delivered in April by Vard Langsten in Norway, while a third vessel, “Hanseatic spirit”, is scheduled for completion in 2021.Each ship is tailored to allow passengers to access remote regions…

10 Oct 2019

Lockheed, Fincantieri Begins Contruction of USS Nantucket

A welder authenticates the keel of LCS 27, the future USS Nantucket, by welding the initials of ship sponsor Polly Spencer. Pic: Lockheed Martin Nantucket

Lockheed Martin and Fincantieri Marinette Marine have laid the keel of a new littoral combat ship to commence the vessel’s construction.The future USS Nantucket, or LCS 27, underwent a keel-laying ceremony in Wisconsin where Polly Spencer, the ship’s sponsor, had her initials welded on the vessel’s keel plate, Lockheed said.As part of a ship-building tradition dating back centuries, a shipyard worker welded the initials of Polly Spencer, USS Nantucket ship sponsor and wife of U.S. Secretary of the Navy Richard Spencer, into the ship's keel plate.

13 Oct 2019

Fincantieri Cuts Steel on New Cunard Ship

Photo by Cunard

Italian shipbuilder Fincantieri has cut the first steel  for British–American cruise line Cunard’s newest ship to start construction on the 249th ship of the luxury cruise line, marking an exciting moment in the company’s 179-year history. The yet unnamed ship will be the second largest ship to fly the Cunard flag, and is set to reimagine the luxury cruise experience with an array of unique and exciting on board amenities.The first section of the ship is under construction at Fincantieri’s Castellammare di Stabia ship yard.

15 Oct 2019

Princess Cruises Takes Delivery of Newest Ship

From left to right: Roberto Olivari, Monfalcone Shipyard Director; Captain Heikki Laakkonen; Arnold Donald, President and CEO of Carnival Corporation; Jan Swartz, Group President of Princess Cruises and Carnival Australia; Giuseppe Bono, CEO of Fincantieri; Gianluca Castaldi, Undersecretary of State to the Presidency of the Council of Ministers; Micky Arison, Chairman of Carnival Corporation; Stein Kruse, Group CEO of Princess Cruises, Holland America Line, Seabourn, Carnival Australia and UK. P

Princess Cruises, the Carnival-owned cruise line, has taken delivery of its fourth Royal-class ship, Sky Princess, at Fincantieri's Monfalcone shipyard in Trieste, Italy.The vessel is the 17th ship Fincantieri has built for Princess, but it is the first to be custom built with the line's MedallionClass technology integrated into its infrastructure.The new unit, at 145,000 gross tons with accommodation on board for 4,610 passengers in 1,830 cabins and 1,411 crew members crew, is built on the basis of the successful sister ship project of Royal Princess…

18 Oct 2019

Fincantieri Fits New Midsection in Star Breeze

Image: Fincantieri

The most complex cruise ship lengthening ever undertaken is clipping along at Fincantieri’s Palermo yard.The final welding cut to Windstar Cruises’ Star Breeze was completed and  the ship’s 25.6-meter/84-foot prefabricated midsection was glided into place between the two halves in the drydock, an operation that took just half an hour.Overnight, Shipyard crews at Fincantieri Palermo had carefully split the ship, pulling the 4,000-ton bow forward centimeter by centimeter while a…

25 Oct 2019

USCG Buoy Tenders Set for Engine Overhauls

(Photo: FMSNA)

Last week Fincantieri Marine Systems North America (FMSNA) was awarded a $9.6 million contract to perform maintenance and repairs to the U.S. Coast Guard’s fleet of Inland Buoy Tenders.The multi-year contract was awarded by the Coast Guard’s Surface Force Logistics Center in Virginia. The focus of the contract is the maintenance, repair and overhaul of the Isotta Fraschini Motori (IFM) V1312 main diesel engines on board the 75-foot inland construction tender (WLIC) and 65-foot river buoy tender (WLR) class cutters.“This award with the U.S.

22 Oct 2019

Gibbs & Cox: Historic Ship Designer Turns 90

The SS United States. Photo: Gibbs & Cox

Hindsight, they say is 20/20, and in this regard renowned design house Gibbs & Cox has nine decades in the rear view mirror on which to lean. We recently caught up with Chris Deegan, President and CEO of Gibbs & Cox, celebrating its 90th anniversary in 2019, to discuss the organization’s rich history and promising future.When you took the top spot at Gibbs & Cox in 2016, what were your goals for the organization?As a company that designs everything from yachts to work boats to destroyers, I wanted to reassert G&C as the global leader in the naval architecture and marine engineering industry.

Maritime Reporter Magazine Cover Nov 2019 - Workboat Edition

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