Page 12: of Maritime Reporter Magazine (April 2005)

12 Maritime Reporter & Engineering News

Grimaldi Orders Four

From Fincantieri

Grimaldi Group Naples, through its companies Industria Armamento

Meridionale (INARME) and Grimaldi

Compagnia di Navigazione (GRINAVI) has ordered four ships from Fincantieri, with an option for an additional two.

The overall value of the order, excluding options, is approximately 360 million

Euros. INARME has ordered two cruise ferries for delivery in 2007 and GRI-

NAVI two RoRo-pax ships, i.e. vessels to transport passengers, trailers and vehicles, for delivery in 2008. The

Group also has an option for a further two ships for delivery in 2009.

The main characteristics of the cruise ferries are: length 190 m, maximum deadweight 7,500 tons, passenger capacity 2,000, passenger cabins 400, lane meters 2,600, maximum speed 28 knots. The main characteristics of the

RoRo-Pax vessels are: length 180 m, maximum deadweight 7,500 tons, pas- senger capacity 1,000, passenger cabins 100, lane meters 2,700, maximum speed 25 knots.

The agreement between Fincantieri and Grimaldi extends beyond the new orders, as the companies are aiming to jointly develop new designs, within the framework of which Fincantieri is set to become Grimaldi Group's preferred shipyard. The companies are consider- ing setting up joint programs to enable

Grimaldi to maximize its operating and strategic targets and to enable

Fincantieri — also by adopting new technologies and including new suppli- ers and products — to reach design and process economies.

Moreover, Grimaldi is set to draw on the maintenance and repair services of

Fincantieri's shipyard at Palermo and of other shipyards, in Italy or abroad, which are able to work in synergy with the yard in Sicily.

New Diesel Science

Center

MAN B&W Diesel A/S and Danish power supplier ENERGI E2 entered a joint venture to create Denmark's new attraction in the world of diesel engines.

This new diesel science center will be located in the building where visitors

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News

Guido Grimaldi (pictured), Chairman of the

Group, said "The new order placed with

Fincantieri is part of the plan to upgrade and expand our fleet aimed at developing the con- cept of "highways of the sea" which our Group has made operational in recent years in the

Mediterranean. Technologically cutting edge and provided with a full range of comforts, the new ships ordered will enable our Group to offer our customers an increasingly sophisticated range of services". Since 1987, Grimaldi has ordered 23 vessels from Fincantieri.

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