Fincantieri Awarded Orders For Seven Ships

The Italian State shipbuilder Fin- cantieri recently garnered three contracts for a total of seven sophisticated vessels. These high-value ships account for the greater part of a shipbuilding package awarded to the company since Christmas valued at some $600 million.

Fincantieri's Monfalcone and Venice yards will build two 1,500- 1,800 passenger cruise ships for Sitmar Line of Monte Carlo. They will be used in the Caribbean area. Delivery is scheduled by the end of 1988.

Two large passenger/cargo ferries were ordered by the Grimaldi Group of Genoa. Each will have a capacity of 2,400 European-sized cars, or a combination of up to 800 trucks or containers. To be built at the Naples yard, the 593.8-foot vessels will be powered by GMT/Sulzer diesel engines and have a service speed of 18 knots.

The third contract was for three highly automated 137,000-dwt colliers to be operated by Grimaldi and two other Italian owners—Bulkitalia and Ferruzzi of Ravenna—under long-term charter to the Italian State electric power company, ENEL. The first is scheduled for delivery in early 1987, and the second and third at the beginning and end of 1988.

Maritime Reporter Magazine, page 45, Mar 1986

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