Fincantieri News

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…

Fincantieri Marinette Marine (FMM) will receive $3 million from the State of Wisconsin to improve marine infrastructure along the Menominee River where the company builds surface combatant ships for the U.S. Navy.Governor Tony Evers and the Wisconsin Department of Transportation announced today that five in-state projects will receive more than $10 million in Harbor Assistance Program grants. These grants are intended to strengthen supply chain reliability, support waterborne freight and assist with economic development of Wisconsin’s coastal communities.

Fincantieri and Hera Group have established CircularYard, a new company aimed at developing an innovative integrated waste management system in Fincantieri's eight Italian shipyards with an approach based on the circular economy.The result of a partnership between the multi-utility and the leading global shipbuilding company, the new company aims to oversee and improve the entire waste management process at all Fincantieri shipyards in Italy and, in the future, abroad.Almost $13.4…

Vigor announced that Mark Norris has joined the company as Vice President of Marine Fabrication, to be based in the company's Vancouver, Washington facility.Vigor is currently in production on the Maneuver Support Vehicle (Light), or MSVL, the U.S. Army’s new generation landing craft. He will be responsible for growing and maintaining an experienced, skilled team, while leading Vigor’s defense and commercial marine fabrication projects.“We are fortunate to have someone with Mark’s wealth of experience and knowledge joining at a critical time for Vigor’s Marine Fabrication division…

Marine electrical systems provider Vard Electro, part of Fincantieri’s Vard Group, has named Hans Tore as its new General Manager.Hans Tore has been working at Vard Electro since 2017. He started as System Integrator before he became a Project Manager.From June 2021 he took on the position as Vice President for Electrical Installation Operations and was promoted to Senior Vice President Elelectrical Installation Operations with effect from January 1, 2024."I’m honored by my promotion to General Manager and excited to continue driving Vard Electro’s growth under our current strategy.

Fincantieri has re-launched the Fincantieri Foundation as part of its commitment to building a more inclusive world by bridging the past and the future.Established in March 2008, the Fincantieri Foundation is committed to the protection of the unique heritage of documents and artefacts related to civil and military shipbuilding, an "industrial archaeology" that also represents a cultural legacy for the country.The new era begins with the appointment of a new Board of Directors…

Each year, as we prepare for the largest U.S. based maritime industry conference in New Orleans, we tend to look back on the state of the industry and initiatives that were announced from the conference that took place the year before. 2023 provided us with plenty to talk about. In September of 2023, while the International Maritime Organization (IMO) and the global shipbuilding industry were fixated on “emissions” and alternative fuels, U.S. Secretary of the Navy Carlos Del Toro held the opening meeting of the Government Shipbuilders Council.

Viking Vela, the first of a new series of cruise ships that Fincantieri is building for the Viking shipowner, was delivered at the Ancona shipyard in Italy.With a gross tonnage of 54,300 tons and 499 cabins accomodating 998 passengers, Viking Vela is in the small cruise ship segment. It is the 13th ship delivered by Fincantieri to Viking , including the two expedition units built by the subsidiary Vard.

Marc-Henry Cruise Holdings, Joint Owner/Operator Four Seasons Yachts has appointed Anglo-Eastern as its ship management partner for its ultra-luxury yacht, Four Seasons I. Anglo-Eastern will oversee the technical management of the vessel, which is under construction at Fincantieri’s shipyard in Ancona, Italy. Four Seasons I is scheduled to commence commercial operations in 2026.

Norwegian shipbuilder Vard, part of Fincantieri Group, has secured Lloyd’s Register’s Approval in Principle (AiP) of the methanol fueling system for two offshore wind Commissioning Service Operation Vessels (CSOVs) being built for North Star.With the AiP, the two ships will be amongst the first prepared for conversion to green fuels in the wind market.The CSOVs are of VARD 422 design and are tailor-made for the UK’s infrastructure support vessel operator North Star, with new methanol ready hybrid-propulsion solutions.VARD 4 22 is Vard’s first methanol ready project…

While the U.S. Navy’s first Constellation-Class Frigate (FFG 62) is under construction in the United States, Norway is showing serious interest in the guided-missile frigate, as well as bolstering its longstanding strategic partnership with America.Last week Norwegian Minister of Defence, Mr. Bjørn Arild Gram, released a statement confirming that Norway is considering the Constellation-Class Frigate, as well as three other designs from outside the country. Norway is interested in procuring five or six ships…

Italian shipbuilder Fincantieri on Thursday raised its full-year forecast on revenue to "above" 8 billion euros ($8.43 billion), from "about" previously indicated, boosted by all business segments.The Trieste-based vessel maker reported a nine-month core profit (EBITDA) a 19% rise to 328 million euros, while its January to September revenue stood at 5.58 billion euros, up 3.7% yearly.Fincantieri's nine-month order intake totalled 8.5 billion euros, more than double the orders acquired in the same period last year.($1 = 0.9489 euros)(Reuters - Reporting by Romolo Tosiani; Editing by David Evans

Italian shipbuilder Fincantieri has received an order for a new cruise ship from U.S.-based cruise operator Crystal, following the exercise of the option granted under the two-unit agreement from June 2024.The value of the agreement, subject to financing and other terms and conditions, is considered as large, which for Fincantieri means it represents a value between $590 million to $1.07 billion.Crystal MoA for 2+1 Cruise Ship OrderThe new unit, as its sister ships, will boast a gross tonnage of 61…

Aiming to show the excellence of Italian shipbuilding, while describing the transformations taking place within and the technological evolution, too, Fincantieri launched "Open shipyards, view on the future", a roadshow that opens the doors of its construction sites to institutions. The initiative, which is in the beginning stage, saw the participation and visit of the plant by the Minister of the Interior Matteo Piantedosi, and will continue into 2025 with events at other sites in Italy.The event was introduced by the greeting of the President of Fincantieri Biagio Mazzotta.

Almacam is a leader in nesting-CAM software for shipyards. Philippe Rouzeau, Manager of the Shipyard Team, Almacam, explains how it solutions can help shipyards shave production costs and increase efficiency.Almacam is a 45-year-old, employee-owned company created by researchers that were mono-focused on developing nesting algorithms in a laboratory of Grenoble University, France, aiming to bring this nesting algorithm tech to the industry.According to Rouzeau, it is the world's only independent CAD-CAM software publisher offering CAM solutions across industries…

EDGE and Fincantieri have signed a memorandum of understanding (MoU) to collaborate on the design, development, and creation of advanced manned and unmanned underwater systems solution capability through their recently launched UAE-based shipbuilding joint venture MAESTRAL.The preliminary agreement will pave the way and boost for developing sophisticated solutions tailored to the unique underwater needs of navies worldwide.The collaboration marks EDGE’s first venture into underwater domain…