Fincantieri News

Fincantieri and TUI AG 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. This 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....

Fincantieri, one of the world's pioneer groups in high-complexity shipbuilding, and the Guardia di Finanza signed a Memorandum of Understanding aimed at strengthening cooperation to prevent and fight criminal infiltrations and irregularities in the economic and production sectors. The agreement establishes a joint effort to protect legality, with a focus on preventing and combating economic and financial crimes, fraud, corruption, and illegal labor practices. Enhancing transparency and securit...

Global law firm Norton Rose Fulbright has advised BNP Paribas, a syndicate of lenders, SACE and SIMEST on the financing of four new cruise vessels for Viking Ocean Cruises. The financing consists of four export credit loan facilities, which are together worth around $2 billion. The facilities are backed by the Italian export credit agency SACE and contain a fixed-rate subsidy offered by SIMEST. Viking Ocean Cruise’s growing fleet The ocean-going passenger cruise vessels are being constr...

Watson Farley & Williams (“WFW”) advised a syndicate of lenders led by BNP Paribas (“BNPP”), SACE SpA and SIMEST SpA on the financing and delivery of the cruise vessel Norwegian Aqua, owned by Norwegian Cruise Line Holdings Ltd. group (“NCLH”) and built at Fincantieri’s Marghera shipyard in Italy. Norwegian Aqua is the third of NCLH’s Prima-class vessels and, at approximately 156,000 gt, is the largest vessel to be built at the Marghera shipya...

Fincantieri and Norwegian Cruise Line (NCL), the pioneer in innovative cruise travel, celebrated the delivery at the Marghera (Venice) shipyard of Norwegian Aqua, the first ship of the expanded Prima Plus Class that Fincantieri is building for the cruise line. The ceremony was attended by Biagio Mazzotta and Pierroberto Folgiero, respectively Chairman, CEO and Managing Director of Fincantieri, and by Luigi Matarazzo, General Manager of the Fincantier...

Watson Farley & Williams advised long-standing client TUI Cruises GmbH on the delivery of the Mein Schiff Relax, the eighth ship in the Mein Schiff series and TUI Cruises’ first to be built at Italy’s Fincantieri shipyard. The Mein Schiff Relax is the first of two InTUItion-class ships being built at Fincantieri for TUI Cruises. The vessel marks a new era for the Mein Schiff experience, setting new standards in terms of comfort, exclusivity and feel-good atmospher...

Fincantieri is pleased to announce that the Letter of Intent signed with Norwegian Cruise Line Holdings Ltd. (NCLH) on April 8, 2024, has been successfully converted into a firm order for the construction of four new cruise ships for the Norwegian Cruise Line (NCL) brand. This significant agreement, subject to financing and other customary conditions, represents a contract valued at over €2 billion. Comfort, technology, and sustainability With a gross tonnage of approximately 226,000 ton...

Fincantieri and Marc-Henry Cruise Holdings LTD, Joint Owner/Operator of Four Seasons Yachts celebrated at the shipyard in Ancona the launching of “Four Seasons I”, the first ultra-luxury vessel under construction for Four Seasons Yachts, which will be delivered at the end of 2025 and setting sail in January 2026.  Attendees at the ceremony The launching ceremony was attended for Fincantieri by its Chairman, Biagio Mazzotta, the CEO and Managing Director, Pierroberto Folgiero,...

Watson Farley & Williams (“WFW”) advised Viking Ocean Cruises (“Viking”) on the delivery of the ocean ship - 'Viking Vela' from Fincantieri's Ancona shipyard, Italy. The 'Viking Vela', the 11th ship delivered to Viking by the Fincantieri Group, is built according to the latest navigation and safety regulations. It is also equipped with high-efficiency engines and systems that minimise the pollution of exhaust gases and that meet the strictest environmental requiremen...

Vigor announced Mark Norris has joined the company as Vice President of Marine Fabrication. Norris will oversee one of the pioneering and most innovative marine vessel fabricators in the U.S., which 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 defence and commercial marine fabrication projects....

Fincantieri, a global pioneer in shipbuilding and marine technologies, is proud to announce its newly signed Memorandum of Understanding with Sparkle, Italy’s foremost international service operator and a top global player in telecommunications. This strategic partnership focuses on developing innovative technological solutions to enhance the surveillance and protection of submarine telecommunications cables, vital infrastructures that underpin global connectivity, and digital security....

“Viking Vela”, the first of a new series of cruise ships that Fincantieri is building for the shipowner - Viking, has been delivered at the yard in Ancona. The unit is placed in the small cruise ship segment. She has a gross tonnage of about 54,300 tons, is equipped with 499 cabins and is able to accommodate 998 passengers on board. Navigation and safety regulations Viking Vela is the 13th ship delivered to Viking by the Fincantieri Group, including the two expedition cruise vesse...

SIMEST, CDP Group's company for the internationalisation of companies, and Fincantieri, a world pioneer in high-complexity shipbuilding signed a memorandum of understanding aimed at promoting new investments, and greater competitiveness, including internationally, and market growth for companies in the shipbuilding supply chain. The agreement was signed by Pierroberto Folgiero, Chief Executive Officer and General Manager of Fincantieri, and Regina Corradini D’Arienzo, Chief Executive Offi...

Fincantieri and Crystal, the pioneer in exceptional cruise experiences, announced the finalisation of an order for the construction of one state-of-the-art high-end cruise ship, following the exercise of the option granted under the two-unit agreements disclosed to the market on June 27. The value of this agreement, subject to financing and other terms and conditions, is considered as large. Interior designs The ship will feature all-suite accommodations, with private verandas The new u...

Fincantieri is pleased to announce that it has signed contracts with Viking for the construction of two new cruise ships, based on the successful features of the previous vessels, which Fincantieri has already built for this shipowner in its Italian yards. The units will be delivered in 2030. Fincantieri and Viking have also reached an agreement for four additional ships in option with deliveries scheduled for 2031 and 2032. Latest environmental rules Fincantieri and Viking for...

Vard, a Norwegian subsidiary of the Fincantieri Group and one of the major global designers and shipbuilders of specialised vessels, has signed a new contract for the design and construction of one tailor-made Commissioning Service Operation Vessel (CSOV) for Navigare Capital Partners. This contract, established in close collaboration with Norwind Offshore, is a continuation of Vard’s long-standing relationship with the two parties and represents the first option to be exercised from the...

The delivery of the fourth Multipurpose Combat ship (PPA) “Giovanni delle Bande Nere” took place at Fincantieri’s shipyard in Muggiano (La Spezia). The ceremony was attended, among others, by Vice Admiral Andrea Gueglio, Director of the Italian Navy Military Personnel Directorate, by Admiral Chief Inspector Giuseppe Abbamonte, Director of the Naval Armaments Directorate - NAVARM, and Mr. Joachim Sucker, OCCAR Director, welcomed by Attilio Dapelo, Senior Vice President Oper...

The launch of 'Star Princess', the second LNG (liquefied natural gas) cruise ship that Fincantieri is building for Princess Cruises, took place at the Monfalcone shipyard. The ceremony was attended, among others, by John Padgett, President of Princess Cruises, and Cristiano Bazzara, Director of the Fincantieri shipyard in Monfalcone. LNG-powered cruise ship Godmothers of the ceremony Chiara del Vecchio, 3rd Engineer aboard the 'Sun Princess', and Francesca Maraventano, executive assistant at...

The opening press conference for the renowned international maritime trade fair gave a foretaste of the coming SMM days. Political and business leaders discussed current challenges and opportunities facing the shipping industry. The overarching topic was the decarbonisation of the shipping sector. The conclusion: While the technology is mature, what is needed now is courageous investment decisions – and a system to reward that courage. Initial major success The 31st edition of SMM was l...

The launch of the seventh PPA (Multipurpose Combat Ship) “Domenico Millelire” took place at Fincantieri’s shipyard in Riva Trigoso (Genova) on Saturday 13 July 2024. The ceremony was attended, among others, by Vice Admiral Giuseppe Berutti Bergotto, Deputy Chief of Staff of Italian Navy, and Massimo Scialpi, Deputy Director OCCAR, welcomed for Fincantieri by Dario Deste, General Manager Naval Vessels Division. The godmother of the ceremony was Ms. Franca Millelire, a relative o...

Oceania Cruises, the pioneer culinary- and destination-focused cruise line, has marked an important milestone in the construction of its new 1,200-guest ship, Allura, at the Fincantieri shipyard in Sestri Ponente, Italy, bordering the famed seaport of Genoa. A landmark moment as the ship moves towards completion, the vessel was floated from the dry-dock and moved to the fitting-out berth to begin outfitting the luxurious, designer-inspired interiors. The ship was blessed by the shipyard's chapl...

Vard Marine Inc. (VARD), a Fincantieri company, has proudly launched VIGILANCE, as their solution to replace the Royal Canadian Navy’s (RCN) Kingston Class Maritime Coastal Defence Vessels (MCDV) under Pillar Two of Canada’s National Shipbuilding Strategy (NSS). In conjunction with Team Vigilance partner companies - Thales Canada, Ontario Shipyards, SH Defence, and Fincantieri, VIGILANCE will provide the RCN with a lightweight and operationally flexible military asset that is highly...

The Department of Defence announces that Fincantieri's US subsidiary, Fincantieri Marinette Marine (FMM), has been awarded a contract worth over 1 billion US dollars to build the fifth and sixth Constellation-class frigates for the US Navy.  The contract for the lead frigate and 9 options, signed in 2020, has a cumulative value of 5.5 billion US dollars, including post-delivery availability support and crew training. FREMM frigate platform Fincantieri secured this high-profile tender, di...

Oceania Cruises, the culinary- and destination-focused cruise line, announces its newest ship Allura will enter service one week earlier than scheduled. Due to join the fleet in summer 2025, her inaugural sailing will now depart Trieste, Italy, on July 18, 2025, cruising six days to Athens, Greece, calling at gems in the Eastern Mediterranean including Rijeka, Croatia; Ravenna, Italy; Dubrovnik, Croatia; and Kotor, Montenegro. The line is also opening for sale a one-of-a-kind four day voyage s...

Watson Farley & Williams (“WFW”) has advised Crédit Agricole Corporate and Investment Bank (“CACIB”) as an agent, SACE S.p.A and a syndicate of nine banks on pre and post-delivery loan facilities granted to Norwegian Cruise Line Holdings Ltd. (NCLH) for the acquisition of four cruise vessels currently under construction at Italian shipyard - Fincantieri S.p.A. The loan facilities are backed by the Italian export credit agency - SACE S.p.A.  Decarbonisati...

Fincantieri’s Sestri Ponente (Genoa) shipyard in Italy is scheduled to take delivery of Thordon’s COMPAC open seawater-lubricated propeller shaft bearing system for installation to the second ship in Oceania Cruises’ Allura class, which is scheduled to join the Miami-based company’s fleet in 2025. The twin screw Oceania Allura will feature three COMPAC bearings per shaft to fit propeller shaft diameters of 510mm (20.7in). The same scope was supplied to the 67,000gt first...

In just two weeks, the highly anticipated 18th edition of Asia Pacific Maritime (APM) is set to herald the largest gathering of the global maritime value chain in Southeast Asia. Networking and delegation visits From 13 to 15 March 2024, over 1,400 global brands will be present at the conference and exhibition, spanning 17 pavilions across six expansive halls of Singapore's Marina Bay Sands.   From closed-door networking sessions and delegation visits to product launches and busines...

The organising committee of the Doha International Maritime Defence Exhibition and Conference (DIMDEX 2024) has announced Fincantieri as the ‘Diamond Sponsor’ for its eighth edition, taking place from 4 to 6 March 2024 at the Qatar National Convention Centre (QNCC). Under the patronage of HH Sheikh Tamim Bin Hamad Al-Thani, Amir of the State of Qatar, DIMDEX 2024 is proudly hosted and organised by the Qatar Armed Forces and will be held in 2024 under the theme “Igniting t...

Asia Pacific Maritime (APM), the largest meeting place in Southeast Asia for the global maritime value chain, will return for its 18th installment in Singapore from 13 to 15 March 2024 at the Marina Bay Sands.  The premier exhibition and conference is expected to bring together more than 14,000 shipowners, shipyards, ship management, and technical procurers to meet over 1,400 solutions providers.  Solutions and services “For the past few months, we have been reconnecting with...

Fincantieri Bay Shipbuilding has begun construction on a 289-foot service operation vessel (SOV) for a Crowley-ESVAGT joint venture that will house and transport technicians to maintain U.S. offshore wind farms. This vessel, for the joint venture - CREST Wind, will operate under a long-term charter with Siemens Gamesa Renewable Energy. September 21, 2023 marked the ceremonial start of construction for the vessel, and senior leaders from the partner companies around the country came to Door Coun...