Fincantieri News

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…

Fincantieri Marinette Marine’s Board of Directors approved Jan Allman to assume the duties as FMM’s CEO beginning this week. Current FMM CEO Mark Vandroff is returning to Fincantieri Marine Group in a new role as the Senior Vice President of Government Relations in Washington D.C.Allman is quite familiar with Fincantieri operations in Northeast Wisconsin, as she has served as the VP and General Manager of Fincantieri Bay Shipbuilding since April 2023, and previously served as…

EDGE and Fincantieri have signed a new memorandum of understanding (MoU), deepening their cooperation through joint venture Maestral, which will be focused on the design, development and creation of unmanned systems for critical underwater infrastructure protection and seabed mapping, next-generation submarines, drone-carrier ships, and lightweight torpedoes.The MoU is based on both companies collaborating to develop underwater technologies, supporting the United Arab Emirates…

Battered by Covid, the cruise industry was down but not out. Today it is setting records in passenger count + the size and cost of a new fleet.Post-Pandemic, the fortunes of the big cruise companies have brightened dramatically. A late December, 2024 earnings release from Carnival Corporation & plc (NYSE: CCL), encompassing brands including Carnival Cruise, Holland America, Cunard, Princess Cruises and others, says it all: “This has been an incredibly strong finish to a record year,” said CCL’s CEO Josh Weinstein, in its statement.

Maestral, an Abu Dhabi-based shipbuilding joint venture between Fincantieri and EDGE, has lined up a major ‘In-Service Support Strategic Partnership Project’ for the entire navy fleet of the United Arab Emirates (UAE), worth over $520 million.The contract to Maestral will be awarded by Tawazun Council, an independent government entity that works closely with the Ministry of Defence and security agencies in the Gulf country.The value of the agreement is of approximately $524 million over a five-years period.Maestral will serve as the industrial strategic partner…

TUI Cruises, a joint venture between German TUI Group and Royal Caribbean Cruises, has taken delivery of the first of two liquefied natural gas (LNG) and marine gas oil (MGO) powered cruise ships Fincantieri is building for the shipowner.With approximately 160,000 gross tons, the dual-fuel powered InTUItion-class ship forms the backbone of TUI Cruises’ new fleet.Named Mein Schiff Relax, the ship is able to use LNG and is future-proof with the ability to utilize low-emission fuels such as bio- or e-LNG…

Fincantieri and Norwegian Cruise Line Holdings (NCL) have signed a multi-billion dollar agreement for the construction of four new cruise ships.With a gross tonnage of approximately 226,000 tons, the new units will be the largest ever built for NCL.The ships will be built at the Fincantieri Monfalcone shipyard, with the first unit to be delivered in 2030 and the others to follow in 2032, 2034, and 2036.Fincantieri deemed the contract ‘very important’, which means its value exceeds $2 billion.

Fincantieri’ shipyard in Muggiano has hosted the renaming ceremony of the two Multipurpose Combat Ship/PPA (MPCS) vessels sold to the Indonesian Navy.The ships are part of the contract signed by Fincantieri in 2024, valued at approximately $1.23 billion euros.Originally built as the fifth and sixth units for the Italian Navy, the two ships, formerly named Marcantonio Colonna and Ruggiero di Lauria, have now been renamed KRI BRAWIJAYA-320 and KRI PRABU SILIWANGI-321.The supply…

Fincantieri has signed a series of Memorandum of Understanding (MoU) in Saudi Arabia. These agreements underline the company's interest in this region following the establishment of the subsidiary Fincantieri Arabia for Naval Services in 2024.The agreements reached testify to Fincantieri's strategic commitment to promoting innovation, sustainability and industrial development through a series of collaborations with Saudi entities and international partners.In line with the Vision 2030 program launched by Saudi Arabia…

Fincantieri and Marc-Henry Cruise Holdings LTD, Joint Owner/Operator of Four Seasons Yachts, celebrated the launch of "Four Seasons I" at the Ancona shipyard, the first ultra-luxury ship under construction for Four Seasons Yachts, which will be delivered to end of this year and which will set sail in January 2026. The launching ceremony was attended by Fincantieri's President, Biagio Mazzotta, the CEO and General Manager, Pierroberto Folgiero, the General Manager of the Merchant Ships Division…