Fincantieri

Fincantieri S.p.A. (Italian pronunciation: [fiŋkanˈtjɛːri]) is an Italian shipbuilding company based in Trieste, Italy. Already the largest shipbuilder in Europe, after the acquisition of Vard in 2013, Fincantieri group doubled in size to become the fourth largest in the world (2014).^[2] The company builds both commercial and military vessels.

The company is listed on the Borsa Italiana (Milan Stock Exchange) and is a component of FTSE Italia Mid Cap Index.

Overview

Fincantieri designs and builds merchant vessels, passenger ships, offshore, and naval vessels, and is also active in the conversion and ship repair sectors. The company also owned Grandi Motori Trieste, which constructed marine diesel engines, but this was sold to Wärtsilä in 1999.^[3]

Founded in 1959 as Società Finanziaria Cantieri Navali – Fincantieri S.p.A. as a State financial holding company,^[4] part of IRI, the company became a separate entity in 1984.

Fincantieri employs a staff of about 10,000 workers at eight shipyards, two design centres, one research centre and two production sites for mechanical components. Another 10,000 people contribute to its supply chains.^{[citation needed]}

The shipyards of Monfalcone (Gorizia), Marghera (Venice), Sestri Ponente (Genoa), Ancona, Castellammare di Stabia (Naples) and Palermo report to the Merchant Ships Business Unit while the shipyards of Riva Trigoso (Genoa) and Muggiano (La Spezia) report to the Naval Vessel Business Unit.^{[citation needed]}

Fincantieri successfully completed the acquisition of Manitowoc Marine Group from its parent company The Manitowoc Company, Inc. on 1 January 2009, which consisted of two shipyards in Wisconsin, including Marinette Marine, which built the first Freedom-class littoral combat ship. Fincantieri also purchased from Manitowoc Marine Group a topside repair yard in Ohio and one production plant in Wisconsin, making it one of the leading mid-sized shipbuilders in the United States for commercial and government customers, including the U.S. Navy and U.S. Coast Guard.^[5]

Already the largest shipbuilder in Europe, after the acquisition of Vard, formerly part of STX Europe, the Fincantieri group doubled in size to become the fourth largest in the world.^[2]

In March 2015, Fincantieri won its biggest ever independent order from Carnival Corporation & plc in a 4 billion euro deal commissioning the company to build five new cruise ships.^[6]

On 2 February 2018, Fincantieri announced an agreement for 50 percent of STX France valued at 59.7 million euro.^[7]

In March 2018, Fincantieri established Fincantieri Services USA – a subsidiary based in Miami, Florida, USA.^[8]

2020s

In 2024, as part of a framework for strengthening European Defence, including Naval Defence, Fincantieri took over from Leonardo, the naval armaments sector of Wass (Whitehead Alenia sistemi subaquei), to complete the acquisition Fincantieri made a grouping of 10 to 1 of the shares and carried out a capital increase with the issue of new shares worth 400 million euros.^[9]^[10]^[11]The capital increase operation is successfully completed on 11 July 2024.^[12]^[13]^[14]In June 2024, the construction of the 4th new generation submarine of the Italian Navy was confirmed, for a total order value of 500 million euros.^[15]On 18 July 2024, Fincantieri announced a partnership with Hera, for the optimized management of industrial waste produced on construction sites. This will allow Fincantieri to achieve ESG objectives within its shipyards.^[16]On 24 July 2024, Fincantieri received from Carnival a maxi contract worth over 2 billion euros for three cruise ships with almost 230 thousand gross tons to be delivered in 2029, 2031 and 2033 respectively.^[17]On 30 July 2024, in the half-yearly report, Fincantieri confirmed orders for 7.6 billion euros, compared to 2.1 billion in the first half of 2023, and higher than the figure for the whole of 2023 (6.6 billion).^[18]On 5 August 2024, The Italian Navy has ordered a new patrol vessel worth approximately 236 million euros from Orizzonte Sistemi Navali, the joint venture active in the defense business between Fincantieri (51%) and Leonardo (49%).^[19]

Ships built at Fincantieri (selection)

1967 – Vittorio Veneto (550), a cruiser, for the Italian Navy
1983 – Giuseppe Garibaldi, an aircraft carrier, for the Italian Navy
1990 – Pacific Jewel (69,845 GT) for P&O Cruises Australia
1991 – Pacific Dawn (70,285 GT) for P&O Cruises Australia
1993 – MS Statendam (55,451 GT) for Holland America Line
1993 – MS Maasdam (55,575 GT) for Holland America Line
1994 – MS Ryndam (55,819 GT) for Holland America Line
1995 – Sun Princess (77,499 GT) for Princess Cruises
1995 – Carnival Destiny (101,353 GT) for Carnival Cruise Lines
1996 – MS Veendam (57,092 GT) for Holland America Line
1996 – Dawn Princess (77,499 GT) for Princess Cruises
1997 – MS Rotterdam (61,849 GT) for Holland America Line
1998 – Sea Princess (77,499 GT) for Princess Cruises
1998 – Disney Magic (83,000 GT) for Disney Cruise Line
1999 – MS Volendam (60,906 GT) for Holland America Line
1999 – Carnival Triumph (101,509 GT) for Carnival Cruise Lines
1999 – Disney Wonder (83,000 GT) for Disney Cruise Line
2000 – MS Zaandam (61,396 GT) for Holland America Line
2000 – MS Amsterdam (62,735 GT) for Holland America Line
2000 – MV Oceana (77,499 GT) for P&O Cruises
2000 – Carnival Victory (101,509 GT) for Carnival Cruise Lines
2001 – MS Zuiderdam (81,769 GT) for Holland America Line
2002 – Carnival Conquest (110,000 GT) for Carnival Cruise Lines
2002 – MS Oosterdam (82,000 GT) for Holland America Line
2003 – RV Petrel (3,371 GT) for Uksnoy & Co A/S
2003 – Carnival Glory (110,000 GT) for Carnival Cruise Lines
2003 – Costa Fortuna (102,587 GT) for Costa Crociere
2003 – Costa Magica (102,587 GT) for Costa Crociere
2004 – MS Westerdam (81,811 GT) for Holland America Line
2004 – Carnival Valor (110,000 GT) for Carnival Cruise Lines
2004 – Cavour (550), an aircraft carrier, for the Italian Navy
2005 – Andrea Doria (D 553), a destroyer, for the Italian Navy
2005 – Costa Concordia (114,137 GT) for Costa Crociere
2005 – Carnival Liberty (110,000 GT) for Carnival Cruise Lines
2006 – MS Noordam (82,500 GT) for Holland America Line
2006 – Costa Serena (114,147 GT) for Costa Crociere
2006 – Carnival Splendor (110,000 GT) for Carnival Cruise Lines
2007 – Caio Duilio (D 554), a destroyer, for the Italian Navy
2007 – MS Eurodam (86,700 GT) for Holland America Line
2007 – MS Queen Victoria (90,000 GT) for Cunard Line
2007 – Carnival Freedom (110,000 GT) for Carnival Cruise Lines
2007 – MV Ventura (116,017 GT) for P&O Cruises
2008 – Ruby Princess (113,000 GT) for Princess Cruises
2008 – Costa Luminosa (92,700 GT) for Costa Crociere
2008 – Costa Pacifica (114,500 GT) for Costa Crociere
2009 – Carnival Dream (130,000 GT) for Carnival Cruise Lines
2009 – MS Nieuw Amsterdam (86,700 GT) for Holland America Line
2009 – Costa Deliziosa (92,700 GT) for Costa Crociere
2009 – MS Azura (115,055 GT) for P&O Cruises
2010 – MS Queen Elizabeth (90,901 GT) for Cunard Line
2010 – Costa Favolosa (114,500 GT) for Costa Crociere
2010 – Carnival Magic (130,000 GT) for Carnival Cruise Lines
2011 – Costa Fascinosa (114,500 GT) for Costa Crociere
2012 – Carnival Breeze (130,000 GT) for Carnival Cruise Lines
2013 – MS Royal Princess (143,700 GT) for Princess Cruises
2014 – MS Regal Princess (143,700 GT) for Princess Cruises
2014 – Costa Diadema (132,500 GT) for Costa Crociere
2015 – MV Britannia (145,000 GT) for P&O Cruises
2015 – Le Lyrial (10,944 GT) for Compagnie du Ponant
2015 – MV Viking Star (47,800 GT) for Viking Ocean Cruises
2016 – MV Seabourn Encore (40,350 GT) for Seabourn
2016 – Seven Seas Explorer (54,000 GT) for Regent Seven Seas Cruises
2016 – MV Viking Sea (47,800 GT) for Viking Ocean Cruises
2016 – MS Koningsdam (99,500 GT) for Holland America Line
2016 – Carnival Vista (135,500 GT) for Carnival Cruise Lines
2017 – MV Viking Sky (47,800 GT) for Viking Ocean Cruises
2017 – Majestic Princess (143,700 GT) for Princess Cruises
2017 – MSC Seaside (153,516 GT) for MSC Cruises
2017 – MV Viking Sun (47,800 GT) for Viking Ocean Cruises
2018 – MV Seabourn Ovation (40,350 GT) for Seabourn
2018 – MS Nieuw Statendam (99,500 GT) for Holland America Line
2018 – Carnival Horizon (135,500 GT) for Carnival Cruise Lines
2018 – MSC Seaview (153,516 GT) for MSC Cruises
2019 – Sky Princess (143,700 GT) for Princess Cruises
2019 – Carnival Panorama (133,500 GT) for Carnival Cruise Line
2020 – Costa Firenze (135,500 GT) for Costa Crociere
2020 – Enchanted Princess (143.700 GT) for Princess Cruises
2020 – Scarlet Lady (110,000 GT) for Virgin Voyages
2021 – MSC Seashore (169,380 GT) for MSC Cruises
2021 – Valiant Lady (110,000 GT) for Virgin Voyages
2022 – MV Mark W. Barker (26,000 GT) Interlake Steamship Company
2022 – Resilient Lady (110,000 GT) for Virgin Voyages
2022 – MSC Seascape (169,380 GT) for MSC Cruises
2022 – Norwegian Prima (140,000 GT) for Norwegian Cruise Line
2023 – Norwegian Viva (140,000 GT) for Norwegian Cruise Line

List of shipyards

Cruise and ferry

Monfalcone shipyards (located at Monfalcone, Gorizia)
Marghera shipyards (located at Marghera, Venice)
Ancona shipyards (located at Ancona)
Sestri Ponente shipyards^[20] (located at Genova)
VARD Søviknes Shipyard

Military ships

Muggiano shipyards (located at La Spezia)
Riva Trigoso shipyards (located at Sestri Levante, Genova)
Castellammare di Stabia shipyards (located at Castellammare di Stabia, Napoli)
Marinette Marine (located at Marinette, Wisconsin)

Offshore and specialty vessels

VARD Brattvåg shipyard
VARD Langsten shipyards
VARD Brăila shipyards
VARD Tulcea shipyards
VARD Promar shipyard
VARD Vũng Tàu shipyard

Service

Palermo shipyards (located at Palermo)
Trieste shipyards (located at Trieste)
Bay Shipbuilding Company shipyard (located in Wisconsin)

References

^ "Annual Report 2021" (PDF). Fincantieri.com. Retrieved 20 May 2021.
^ a b "Fincantieri makes $117m in first year with Vard". Archived from the original on 2015-04-30. Retrieved 2016-01-13.
^ "History". Wartsila.com. Retrieved 2016-01-13.
^ "Organisation". Fincantieri.it. Retrieved 2016-01-13.
^ "FINCANTIERI MARINE GROUP ESTABLISHED TO OPERATE IN THE U.S. MARKET. FINCANTIERI COMPLETES ACQUISITION OF MANITOWOC MARINE GROUP". Fincantieri.it. 2009-01-02. Retrieved 2016-01-13.
^ "INCANTIERI: FIVE NEXT-GENERATION SHIPS FOR CARNIVAL CORPORATION". Fincantieri.it. 2015-03-27. Retrieved 2016-01-13.
^ "Fincantieri Signs Agreement for 50 Percent of STX France". 2018-02-02. Retrieved 2018-02-05.
^ "Fincantieri Services USA Launched". 2018-03-09. Retrieved 2018-03-12.
^ "Fincantieri, ok Consob all'aumento di capitale. Oggi il Cda". ilsole24ore.com. ilsole24ore.com. 20 June 2024. Retrieved 11 July 2024.
^ "Corrono azioni e diritti Fincantieri, +30% sul valore precedente all'aumento di capitale". themeditelegraph.com. themeditelegraph.com. 1 July 2024. Retrieved 11 July 2024.
^ "Fincantieri, a 2,62 ogni nuova azione di aumento di capitale". ansa.it. ansa.it. 21 June 2024. Retrieved 11 July 2024.
^ "Fincantieri: sottoscritto 99,2% delle azioni offerte in aumento capitale (RCO)". ilsole24ore.com. ilsole24ore.com. 11 July 2024. Retrieved 11 July 2024.
^ "Fincantieri, l'ad Folgiero sottoscrive diritti a 2 euro per l'aumento di capitale da 400 milioni". milanofinanza.it. milanofinanza.it. 11 July 2024. Retrieved 11 July 2024.
^ "Fincantieri, va in porto l'aumento di capitale". milanofinanza.it. milanofinanza.it. 11 July 2024. Retrieved 11 July 2024.
^ "Fincantieri cresce nel settore della difesa: costruirà il quarto sottomarino di nuova generazione per la Marina Militare". milanofinanza.it. milanofinanza.it. 28 June 2024. Retrieved 11 July 2024.
^ "Fincantieri gestirà i rifiuti industriali con Hera. Cosa prevede la nuova partnership". milanofinanza.it. milanofinanza.it. 18 July 2024. Retrieved 19 July 2024.
^ "Fincantieri riceve da Carnival un maxi contratto da oltre 2 miliardi di euro per tre navi da crociera". milanofinanza.it. milanofinanza.it. 24 July 2024. Retrieved 25 July 2024.
^ "Fincantieri, nel semestre infrastrutture e Vard fanno salire l'ebitda a 214 milioni. Migliora la marginalità". milanofinanza.it. milanofinanza.it. 6 August 2024. Retrieved 6 August 2024.
^ "Difesa, Fincantieri e Leonardo costruiranno con Orizzonte Sistemi Navali un nuovo pattugliatore da 236 milioni per la Marina". milanofinanza.it. milanofinanza.it. 6 August 2024. Retrieved 6 August 2024.
^ "Fincantieri Sestri Ponente the launch of the ultra-luxury ship Silver Muse". Genova 24. April 2, 2017. Retrieved April 11, 2017.

External links

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Official website

45°38′08.08″N 13°46′32.56″E / 45.6355778°N 13.7757111°E / 45.6355778; 13.7757111