Fincantieri News

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…

Fincantieri is open to all types of collaboration with the warship division of conglomerate Thyssenkrupp, but it is up to Germany to decide on a strategy for the unit, the CEO of the Italian shipbuilder said this week."Now is time for German institutions to understand what the best strategy is to give more value and strengthen (Thyssenkrupp Marine Systems).

Fincantieri and Viking signed contracts for the construction of two new cruise ships, which will build on the characteristics of previous ships already built in their Italian factories for this shipowner. The ships will be delivered in 2030. The value of the deal, subject to financing and other standard terms and conditions, has been defined as "large", or between 500 million and 1 billion euros.Fincantieri and Viking have also reached an agreement for a further 4 ships under option with deliveries expected between 2031 and 2032.

The U.S. Navy will commission the future USS Beloit (LCS 29), a Freedom-variant littoral combat ship, on Nov. 23, 2024, in Milwaukee, Wisconsin.As the ship’s sponsor, retired Army Maj. Gen. Marcia M. Anderson will lead the time-honored Navy tradition of giving the order during the ceremony to “Man our ship and bring her to life!” At that moment, the commissioning pennant is hoisted, and the Beloit becomes a proud ship of the fleet.Following its commissioning, the Beloit will depart Milwaukee for its homeport assignment of Naval Station Mayport in Jacksonville…

Vard, Norwegian subsidiary of the Fincantieri Group, has signed a new contract for the design and construction of one tailor-made Commissioning Service Operation Vessel (CSOV) for Navigare Capital Partners.The contract, established in close collaboration with Norwind Offshore in which Navigare Capital Partners holds a shareholding position, represents the first option to be exercised from the agreement signed in March 2024.In addition to this contract, Vard and Navigare Capital Partners have also agreed on two new options where the first one can be declared later in 2024…

Shipbuilder Fincantieri announced it delivered the fourth Multipurpose Combat ship (PPA), Giovanni delle Bande Nere, for the Italian Navy. The official handover took place at Fincantieri’s shipyard in Muggiano, La Spezia.The ceremony was attended, among others, by Vice Admiral Andrea Gueglio, Director of Italian Navy Military Personnel Directorate, by Admiral Chief Inspector Giuseppe Abbamonte, Director of the Naval Armaments Directorate - NAVARM, and Mr. Joachim Sucker, OCCAR Director…

The U.S. Navy announced it has accepted delivery of the second-to-last Freedom-variant Littoral Combat Ship (LCS), the future USS Beloit (LCS 29), from Lockheed Martin at the Fincantieri Marinette Marine shipyard in Marinette, Wis, on September 30.The 15th Freedom-variant Littoral Combat Ship and the 29th in the LCS class, Beloit is the first Navy warship named in honor of the city of Beloit, Wis.“Beloit is another shining example of what it means to finish strong,” said Capt. Matthew Lehmann, program manager of the Littoral Combat Ship program office.

Star Princess, the second liquefied natural gas (LNG) cruise ship that Fincantieri is building for Princess Cruises, was launched at the Monfalcone shipyard in Italy.A long list of dignitaries were on hand for the festivities, inlcuding John Padgett, President of Princess CruisesCristiano Bazzara, Director of the Fincantieri shipyard in MonfalconeGodmothers of the ceremony: Chiara del Vecchio, 3rd Engineer aboard the “Sun Princess”, and Francesca Maraventano, executive assistant at the Monfalcone shipyard.With a gross tonnage of approximately 178…

Fincantieri, Vard Marine (VARD) and Sandock Austral Shipyards forged a partnership to build ships in Africa -- aiming to effectively reshape the African maritime security landscape -- a collaboration centered on the Afrika Offshore Patrol Vessel (VARD 7 055), a 53-meter patrol vessel tailored for the country's operating environment. The deal gives exclusive marketing and manufacturing rights for the VARD 7 055 to Sandock Austral Shipyards across sub-Saharan Africa.Image courtesy VARD

Italian shipbuilder Fincantieri on Tuesday held a steel cutting ceremony marking the start of construction on the first of four next-generation Offshore Patrol Vessels (OPV) for the Italian Navy.The four new ships will be built at Fincantieri's Riva Trigoso shipyard in Genoa for scheduled delivery from 2027 onward. The contract also includes options for two additional vessels.The overall value of the first four ships, contracted by Orizzonte Sistemi Navali (OSN), a joint venture owned by Fincantieri (51%) and Leonardo (49%)…

Ponant’s Le Commandant Charcot became the first cruise ship to reach the North Pole of Inaccessibility on September 12.The North Pole of Inaccessibility is the point on the Arctic Ocean that is furthest from land. First described in 1909 by the Russian polar explorer Alexander Koltchak, the exact geographic coordinates were established in 2013 by Jim McNeill with the help of NASA and satellites: 85°48’ North, 176°09’ East. It is located at 1,465km (910 miles) from Utqiasuk in Alaska…

Fincantieri and MSC Group have celebrated the progress on the construction of cruise ships for the Explora Journeys fleet, marking the delivery of Explora II, the coin ceremony for Explora III, and the steel cutting for Explora IV cruise ships.The cruise ships are part of the fleet of six ships belonging to Explora Journeys, the luxury brand recently launched by the MSC Group.The first cruise ship was delivered in July 2023, and all vessels are built in Italy by Fincantieri, with a total MSC investment exceeding $3.85 billion (€3.5 billion)…

Titan, a ship repair and fabrication company with yards on the U.S. West and East Coasts, on Thursday announced it has appointed Francesco Valente to replace CEO Jim “Marco” Marcotuli, who is retiring after five years leading the company.Valente will lead Titan from its Portland, Ore. headquarters starting on September 23, with Marcotuli taking on a role as a board member and advisor.Valente possesses more than 20 years of experience running business operations globally, having previously served as CEO of Fincantieri Marine Group, the parent company’s U.S.

Early 2024 saw a group of financial deals that have implications, in a broad sense, for how offshore wind projects may be financed. While offshore wind projects might be thought of as being in the ‘utility finance’ basket, they are ultimately high-risk deals that might better suit the portfolios of ‘infrastructure investment’ which, in recent years, has taken a shift towards tolerating more uncertainty when it comes to cash flows.A 2022 article from consultants McKinsey, titled “Infrastructure investing will never be the same”…

Orizzonte Sistemi Navali (OSN), a joint venture owned by Fincantieri (51%) and Leonardo (49%), has received notification from the Italian Navy that it has exercised its option for the construction of the fourth next-generation offshore patrol vessel (OPV) and the related logistical support.The total value of the operation is about $255.7 million (€236 million).In the coming days, OSN will finalize sub-contracts by notifying the option exercise to Fincantieri and Leonardo, with…

Italian state-controlled shipbuilding giant Fincantieri announced public finance expert Biagio Mazzotta has been appointed as chairman of its board of directors. The move follows the untimely death of General Claudio Graziano, who had been appointed in May 2022.Mazzotta's appointment comes at the recommendation of shareholder CDP Equity S.p.A., which submitted Mazzotta's candidacy for independent evaluation in a letter dated August 1, 2024.Mazzotta has previously served as the State Accountant General of Italy since 2019.

Italian shipbuilder Fincantieri reported a 16% jump in first-half earnings to 214 million euros ($231.31 million) and a six-fold increase in its order book to 7.6 billion euros, mainly driven by the cruise and defense sectors.Revenues remained stable at 3.68 billion euros, as shipbuilding revenue, amounting to 69% of the total, decreased due to changes made to the production schedule for some ships.($1 = 0.9252 euros)(Reuters - Reporting by Philippe Leroy, Editing by Louise Heavens)

Crowley on Wednesday announced it has taken delivery of the liquefied natural gas (LNG) bunker barge Progress, the largest U.S. Jones Act-compliant vessel of its kind, after construction was completed at Fincantieri Bay Shipbuilding in Sturgeon Bay, Wis.The Progress will expand access to cleaner energy for ship operators at the Port of Savannah, Georgia, upon final commissioning there this month. Shell NA LNG, LLC, (Shell) signed a long-term agreement with Crowley to operate the barge…

Orizzonte Sistemi Navali (OSN), a joint venture owned by Fincantieri (51%) and Leonardo (49%), has secured a $1.6 billion contract to deliver two new FREMM EVO frigates for the Italian Navy.As part of the multi-year FREMM program aimed at the renewal of the Italian Navy's fleet through the construction of next-generation frigates, OSN signed a contract with OCCAR (Organisation Conjointe de Coopération en matière d'Armement) for the construction of two new FREMM frigates of the EVOLUTION version…

The U.S. Navy on Monday accepted delivery of the future USS Nantucket (LCS 27) from the Fincantieri Marinette Marine shipyard in Marinette, Wis.Delivery of the latest Freedom-variant Littoral Combat Ship (LCS) follows the successful completion of Acceptance Trials in December 2023. Nantucket will commission later this year, and will be homeported in Mayport, Fla.“The future USS Nantucket serves as a shining example of the perseverance of the United States maritime industrial base and shows that the partnership we have with industry is built to last,” said Capt.