Italy

  • In the cruise ship sector, the Fincantieri name is no stranger, having since the early 1900s built some of the most appreciated liners, including the legendary transatlantic Rex, built in Genoa, winner of the Blue Riband in 1933. Nowadays, cruise remains its core and Fincantieri is famous for its gigantic cruise ships; in 2013 the company delivering three. But it has diversified in recent years to ensure its future.
     

    Recent studies calculate that the European shipbuilding industry can count approximately on the 7% of new global orders;  a demand volume insufficient to saturate the production capacity. This is accompanied by a collapse in the price of new constructions, a collapse which is of course highly dependent on ship type, but generally agreed to be 35 to 45% less than the peak of  2007. At the same time, according to a governmental report,  South Korea’s shipbuilders almost halved their production last year (compared to the year before).


    Despite that, in a country which has been particularly hard hit by the economic downturn, there is a shipbuilder that resists and, not without difficulties, even tries to expand: Fincantieri.
     

    Fincantieri - Cantieri Navali Italiani S.p.A. was founded in Trieste the December 29, 1959, as state-owned holding company for the shipbuilding industry it took control of almost all the shipbuilding groups of the time: CRDA, OTO and Ansaldo. Nowadays it is one of the largest shipbuilder in Europe, a true leader in the construction of cruise ships and ferries.
     

    The Italian group declared, considering the 2011 financial statements (last available), a profit for the year in excess of 10 million euro. EBITDA were at a 5.8% margin of 138 million euro, while there was a net cash surplus at 166 million euro over debt. Revenues were at 2,382 million euro.
     

    In its eight shipyards in Italy (Monfalcone, Marghera, Sestri Ponente, Ancona, Castellammare di Stabia, Palermo, Riva Trigoso e La Spezia), two design centers, one research center and two production sites for mechanical components, Fincantieri employs more than 10,000 workers (number that rises to approximately 20,000 including the supply chain at large).
     

    Besides the eight shipyards in Italy, Fincantieri has three shipyards in the USA (Marinette Marine, Bay Shipbuilding, Ace Marine), one, the Lloyd Werft yard, in Bremerhaven, Germany and one in the UAE, the Etihad Ship Building, a joint venture with Melara Middle East and Al Fattan Ship Industries.
     

    Historically based on the production of merchant vessels, passenger ships and naval vessel, in recent years Fincantieri has strongly followed a strategy of diversification investing in the sectors of conversion and ships repair. Pursuing the strategy of diversification on December 21, 2011 Fincantieri acquired STX OSV, a world leader in the construction of offshore support vessels for oil and gas extraction and production, with 10 shipyards located in Norway, Romania, Vietnam and Brazil. Concluding this operation, for a total value of 900 million euro, Fincantieri doubled its size.
     

    The entrance of Fincantieri in the offshore sector is seen as fundamental by the company management, considering that the demand of new, more ecological, and efficient support  vessels for oil and gas extractions is destined to grow in consequence of the growth of the world’s energy needs, combined (after the Fukusjma disaster) to the limited diversification of energy sources and the reduction of oil reserves in areas of easy access, facts that will require new methods for the exploitation of deposits of recent mapping very often located in deep waters.
     

    The recent acquisition of STX OSV is also seen by many trusted observers as a necessary step before launching an IPO (initial public offering), as it was planned by an economic document of the Italian government in 2008; nor the management nor the Italian government admit that the dossier is still on table, since Italy is going to election in late February and the perspective of a, even partial, privatization of the company frighten the trade unions, especially because in 2011 Fincantieri presented a  restructuring plan to regain competitiveness, consisting in the cut of 2500 jobs and closure of two production plants out of eight.
     

    After strong demonstrations of the workers, Fincantieri management retired the plan and the national government apparently abandoned the idea of an IPO, but observers say the need for a restructure and reorganization is still urgent, and will reappear right after February general election.
     
    Proud History, Promising Future
    In the cruise ships sector, Fincantieri core sector, the company take advantage of Italy’s solid tradition; since the early 1900s the most appreciated transatlantic liners are “Made in Italy”, out of many the legendary transatlantic Rex, built in Genoa, winner of the Blue Ribbon in 1933. Nowadays Fincantieri is famous for its gigantic cruise ships; in 2013 the company delivered three new cruise ships, among them the Carnival Breeze, the biggest cruise ship ever built by Fincantieri (128,500 tons).
     

    At the moment the Italian company is building two new ships: Costa Diadema in the Marghera plant, Royal Princess (already launched, but it will be delivered in spring 2013); Other two are at early stages: Regal Princess and one cruise ship for P&O. In total Fincantieri has seven new cruise ships in portfolio to be delivered by 2016.

    * Costa Diadema is worth approximately $731m, and the building and fitting-out, which are due for completion at the end of October 2014, will employ around 3,500 workers and 400 contracted suppliers at Fincantieri’s Marghera shipyard. The future flagship of Costa Cruises and of the Italian-flagged passenger fleet. At 132,500 g, 306 m in length, 37.2 m in breadth, it can accommodate 4,947 total guests in 1,854 guest cabins, and 1,253 crew members. There is an option for a second sister ship.

    * Royal Princess will be the largest passenger ship in Italian shipbuilding history. In fact, at 141,000 gt, 330 m long and 38 m wide, the new ship is the largest ship ever built by Fincantieri (passing last year’s Carnival Breeze). It has 1,780 cabins, of which 1,438 have balconies (81%), and is able to accommodate 3,600 passengers, with total capacity for over 5,600 people including crew.

    * Regal Princess
    is the sister ship of Royal Princess. It is being built in Monfalcone and will be delivered in 2014.

    * Unit for P&O Cruises:
    Fincantieri has gained an order from the Carnival to build a 141,000-gt yet-to-be-named cruise ship, due to serve the British brand P&O Cruises. Scheduled to enter service in March 2015, the ship will have a maximum passenger capacity of 3,611 and is set to be the flagship of P&O Cruises fleet, as well as being the largest to be built for the British market.


    (As published in the February 2013 edition of Maritime Reporter & Engineering News - www.marinelink.com)

  • Stewart & Stevenson Services, Inc., Houston, Texas, has provided three unique crewboats for Impreso U Girola Estero, a joint venture of Italian firms. The Stewart & Stevenson vessels, built at Houston's Glendale Boat Works, have passenger capacity of 28 persons or a 4,200-pound payload. Speed of the

  • , the International MacGregor Organisation has established a new company in Genoa, MacGregor Italia S.p.A. MacGregor has been longestablished in Italy through the General Agency for Italy of MacGregor-Comarain S.A., Paris, and the new company will ensure the continuity of the agency's highly

  • Selesmar of Florence, Italy has announced the signing of an agreement with INI of Spain, in which INI has acquired 20 percent of the share capital of Selesmar. A leading manufacturer of marine radars and ARPA anti-collision systems, Selesmar had previously been fully controlled by S.M.A. With the

  • At a time when the South Korean heavyweights have signaled their determination to capture more than 50 percent of the global market for low-speed diesel engines, an Italian renaissance in two-stroke production testifies to a determination in one of the European camps not to bow to oriental industrial

  • Coal-fired steamships will be returning to the high seas, powered by Combustion Engineering marine boilers. C - E ' s l i c e n s e e in Italy, Franco Tosi S.p.A., has been awarded the world's first contract in 20 years for two coal-fired boilers by Italcantieri S.p.A., a shipyard in Monfalcone

  • carriers have been ordered by Bulkships Ltd., the ship-owning arm of Australia's Thomas Nationwide Transport Group, from the Monfalcone Division of Italy's Italcantieri Shipbuilding Group. Two additional 75,000-dwt, coalfired bulkers have been ordered by the Australian National Lines from Mitsubishi

  • With its coastline of 7,800 km, Italy is expediently nestled in the heart of the Mediterranean Sea with the surrounding waters creating a tremendous resource for Italian economy. Businesses linked to the sea, including ocean technology firms, contribute significantly to Italy’s gross domestic product

  • were sold to Lycoming's marine packager Allen Industries for installation in the new 84-foot megayacht under construction by Tencara Shipyards, Venice, Italy, for Donenico Fiore. Tencara, one of the world's most renowned shipyards, recently produced Italy's 12-meter entry into the America's Cup Challenge

  • Show Set for May 27-29, Genoa, Italy The next (12th) International Tug & Salvage Exhibition will incorporate the Genoa Workboat Show, bringing two exhibitions under one roof at the international fairground in Genoa, Italy, May 27- 29, 1992, during the gathering of executives involved in the tug

  • the market and an expected continuing growth of demand for cruises in Europe. We also continue our commitment to develop passenger ship building in Italy where Italy is the world leader. Following on from Costa Fortuna launched in November 2003 and Costa Magica which enters service at the end of

  • Princess, which was delivered by Fincantieri in January; Grand Princess delivered in 1998; and Golden Princess, which went into service in 2001. Italy's Grimaldi Group has also specified Thordon's COMPAC on its new 8,000-dwt, 3,000 passenger fast ferry, La Superba, which was built by Nuovi Cantieri

  • MT Jan-24#56  
of ?  oating wind on the Italy’s side of Adriatic Sea)
    January 2024 - Marine Technology Reporter page: 56

    Gazelle were preselected for a project seeking to deploy 1GW in a manufacturing facility and then transferring that massive of ? oating wind on the Italy’s side of Adriatic Sea by the end [structure]. And, being able to do this without having to make of 2028. “The developer is Maverick, controlled

  • MR Jan-24#40  third cable laying vessel for Italy’s 
Prysmian Group: Monna)
    January 2024 - Maritime Reporter and Engineering News page: 40

    , Contracts and Designs Vard Inks $450M to Build Cable Layers ARD won a $252m contract for the design and con- struction of a third cable laying vessel for Italy’s Prysmian Group: Monna Lisa is still under construc- V tion; Leonardo da Vinci was delivered in 2021. The new ship is the VARD 9 18 design, measuring

  • MR Jan-24#9  
Siemens Energy, on a yacht in Italy. 
Wagner: We have seen)
    January 2024 - Maritime Reporter and Engineering News page: 9

    that got class approval. We have done a few others since then, and right now we are doing an installation, together with Siemens Energy, on a yacht in Italy. Wagner: We have seen a lot of successful solutions based on methanol in the shipping, but mainly based on compressed hydrogen. But we realized

  • MT Nov-23#20  security 
(CMRE) in La Spezia, Italy, the University of Porto’s)
    November 2023 - Marine Technology Reporter page: 20

    of the NATO Centre for Maritime Research and Experimentation undersea infrastructure, naval mine warfare, maritime security (CMRE) in La Spezia, Italy, the University of Porto’s Labo- operations, force protection, underwater warfare, amphibious ratory for Underwater Systems and Technology (LSTS)

  • MT Sep-23#74  off the 
coast of Noli, Italy, southwest of Genoa, consists)
    September 2023 - Marine Technology Reporter page: 74

    for Nemo’s Garden, a farm experimental project. This world’s ? rst underwa- ter cultivation system of terrestrial plants located off the coast of Noli, Italy, southwest of Genoa, consists of an ar- ray of suspended, transparent, dome-shaped greenhouses called biospheres, anchored to the bottom of the sea

  • MR Aug-23#54 , readily  CrossWind awarded Italy’s Rosetti Marino a new)
    August 2023 - Maritime Reporter and Engineering News page: 54

    electricity to run In another project, Dutch offshore wind farm developer the power-hungry electrolysis process. In addition, readily CrossWind awarded Italy’s Rosetti Marino a new engineer- abundant seawater can be used to cool the electrolyzers, help- ing, procurement, construction, installation and commission-

  • MR Aug-23#50  the DGA, in cooperation with Italy, under a con-
Technical)
    August 2023 - Maritime Reporter and Engineering News page: 50

    to its home l'Atlantique and Naval Group. The FlotLog program is piloted port of Toulon in March 2023 to carry out a sea by the DGA, in cooperation with Italy, under a con- Technical characteristics: Displacement at full load: 31,000 tons trial campaign dedicated to the refueling system tract with the Joint

  • MT May-23#10  that ex-
(CMRE) in La Spezia, Italy, has also modi? ed a pair)
    May 2023 - Marine Technology Reporter page: 10

    power options. nization Center for Maritime Research and Experimentation “While Blue? n-9 and Blue? n-12 are very adept in that ex- (CMRE) in La Spezia, Italy, has also modi? ed a pair of autono- peditionary context, they and other small UUVs simply lack mous Blue? n-21 UUVs)— the Minehunting UUV for Shallow

  • MR Apr-23#40 . The 75-m unit, built in Italy,  boxes (PTI) and powered)
    April 2023 - Maritime Reporter and Engineering News page: 40

    the largest patrol vessel ever by two electric motors keyed to the power take-off of the gear- built by Cantiere Navale Vittoria. The 75-m unit, built in Italy, boxes (PTI) and powered by two of the three main generators will be used in coastal surveillance operations, extended pa- of 750 kW, medium speed

  • MR Feb-23#5  AND 
OFFSHORE INDUSTRY
MADE IN ITALY   |   info@cimolai.tech)
    February 2023 - Maritime Reporter and Engineering News page: 5

    CUSTOMIZED LIFTING AND HANDLING EQUIPMENT FOR SHIPYARDS AND OFFSHORE INDUSTRY MADE IN ITALY | [email protected] | www.cimolaitechnology.com | Ph. +39 049 940 4539 MR #2 (1-17).indd 5 1/27/2023 10:42:58 AM

  • MR Dec-22#37  
tieri’s shipyard in Ancona, Italy. While identical to Viking’s)
    December 2022 - Maritime Reporter and Engineering News page: 37

    Fuel System Viking has taken delivery of Viking Neptune from Fincan- to mark its 25th anniversary. Viking Expeditions launched tieri’s shipyard in Ancona, Italy. While identical to Viking’s in January with the purpose-built Viking Octantis; her sister other oceangoing ships, Viking Neptune is equipped with

  • MR Nov-22#53  by Ber-
tolini in Northern Italy, it features heavy 
duty)
    November 2022 - Maritime Reporter and Engineering News page: 53

    Pump Aussie Pumps introduced a new desali- nation pump, capable of both high pres- sure and high ? ows. Manufactured by Ber- tolini in Northern Italy, it features heavy duty AISI 316 stainless steel construction. This material makes it suitable for Re- verse Osmosis, desalination, food industry

  • MT Sep-22#46  developed at Graal Tech in Italy, 
of the collaborative)
    September 2022 - Marine Technology Reporter page: 46

    hydrogen powered, long-endur- an emergency. ance AUVs with hydrogen powered support USVs is the goal The prototype AUV, being developed at Graal Tech in Italy, of the collaborative ENDURUNS project. The consortium includes space, defense, marine and drone with completion expected by Q1, 2023, is planned

  • MR Sep-22#47  Cruise Line, 
and Naples, Italy; Ibiza and Valencia, )
    September 2022 - Maritime Reporter and Engineering News page: 47

    courtesy Bartolomej Tomic ranean: Savona, Rome (Civitavecchia), is sail on Tuscany [on Costa Toscana], tion came from Carnival Cruise Line, and Naples, Italy; Ibiza and Valencia, sail on Venice [on Costa Venezia], but which said that it was partnering with Spain; and Marseille, France. During the we’ll

  • MR Sep-22#46  accessories are all “Made in Italy,” created by 15 
Cruises’)
    September 2022 - Maritime Reporter and Engineering News page: 46

    of the Italian region of Tuscany. Furniture, lighting, cently aboard the Italian cruise operator Costa fabrics, and accessories are all “Made in Italy,” created by 15 Cruises’ LNG-powered ? agship Costa Toscana, a partners who represent Italian excellence, the company says. Mship which cost nearly

  • MR Sep-22#45  by Costa’s ?  ag authority (Italy)  ing with some ports)
    September 2022 - Maritime Reporter and Engineering News page: 45

    ships. Anyhow, we are work- meet or exceed all regulatory and operational requirements. Fur- thermore, the robust oversight by Costa’s ? ag authority (Italy) ing with some ports and local authorities in the Med, and also and classi? cation society (RINA) as well as internal procedures with the national

  • MR Aug-22#6  that 
United Kingdom, France, Italy & Spain
Paul Barrett )
    August 2022 - Maritime Reporter and Engineering News page: 6

    [email protected] boats in emerging sectors like offshore +44 1892 512777 wind; traditional sectors like military that United Kingdom, France, Italy & Spain Paul Barrett have been coming back strong for years, Hallmark House, 25 Downham Road, Ramsden Gregory R. Trauthwein fast-tracked by Russia’s

  • MR Jun-22#6  run 
United Kingdom, France, Italy & Spain
on methanol when)
    June 2022 - Maritime Reporter and Engineering News page: 6

    into the market around 2035. The [email protected] +44 1892 512777 new ship will be dual fuel, designed to run United Kingdom, France, Italy & Spain on methanol when it enters the ? eet in 2024. Paul Barrett When prodded to project how the decarb Hallmark House, 25 Downham Road, Ramsden

  • MR May-22#29  goals  MSC and Italy’s National Research Council)
    May 2022 - Maritime Reporter and Engineering News page: 29

    and Ammonia (NH3) four-stroke marine engines to run on the toxic gas. Ship owner New regulations, including EU 2030 “carbon-neutral” goals MSC and Italy’s National Research Council are involved, and set to be added to, pave the way for the anticipated use of am- 10 million euro in Horizon Europe research

  • MR May-22#21  activities, and learn 
• Italy will invest $3.1 billion)
    May 2022 - Maritime Reporter and Engineering News page: 21

    , prime contractors about overseas projects and their supplier among other uses. needs, participate in general networking activities, and learn • Italy will invest $3.1 billion (2.8 billion euros) by about U.S government export programs. 2026 to modernize its ports. These investments are part of

  • MR May-22#20 , France, India, Indonesia, Italy, Japan, Korea, Mexico)
    May 2022 - Maritime Reporter and Engineering News page: 20

    .S. embassies around the world, including: Australia, Brazil, We’re seeing a new age in ocean technology, sustainability Canada, France, India, Indonesia, Italy, Japan, Korea, Mexico, and logistics, and Discover Global Markets: The Blue Econo- Singapore, Spain, the Netherlands, Norway, Thailand and the my

  • MR May-22#6  asked 
United Kingdom, France, Italy & Spain
him to deliver)
    May 2022 - Maritime Reporter and Engineering News page: 6

    to our pages. William is a long-tenured [email protected] +44 1892 512777 and seasoned energy journalist, and I asked United Kingdom, France, Italy & Spain him to deliver ‘the future fuels manifesto’ Paul Barrett which examines the wide variety of fu- Hallmark House, 25 Downham Road, Ramsden

  • MT May-22#13  
Council (CNR) in Naples (Italy).
to reveal. Remote sensing)
    May 2022 - Marine Technology Reporter page: 13

    started stitute of Heritage Science (ISPC) of the National Research in XIX century, the Gulf of Pozzuoli still has many secrets Council (CNR) in Naples (Italy). to reveal. Remote sensing methods based on underwater • Paola Fabretti, Account Manager Product - 2B CONTROL acoustics have a big advantage over

  • MT May-22#12  of the submerged city of Baia, Italy
The greatest archaeological)
    May 2022 - Marine Technology Reporter page: 12

    CASE STUDY Acoustic remote sensing for underwater archaeology High resolution multibeam mapping of the submerged city of Baia, Italy The greatest archaeological treasures are not only hidden be- imaging with centimetric resolution using multibeam sonar low the ground but many of them remain below water