Fincantieri Explained
| Fincantieri S.p.A. |
| Industry: | Shipbuilding
Defence |
| Type: | Listed società per azioni |
| Foundation: | in Rome, Lazio – Italy |
| Hq Location City: | Trieste |
| Hq Location Country: | Italy |
| Area Served: | worldwide |
| Revenue: | €7.65 billion |
| Revenue Year: | 2023 |
| Operating Income: | €397 million |
| Income Year: | 2023 |
| Net Income: | - €53 million |
| Net Income Year: | 2023 |
| Assets: | €8.47 billion |
| Assets Year: | 2023 |
| Equity: | €434 million |
| Equity Year: | 2023 |
| Owner: | Cassa Depositi e Prestiti (71.32%) |
| Num Employees: | 20,792 |
| Num Employees Year: | 2022 |
| Footnotes: | [1] |
Fincantieri S.p.A. (pronounced as /it/) 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.
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.
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 . 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.
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)
See main article: List of ships built by Fincantieri.
- 1967 –, a cruiser, for the Italian Navy
- 1983 –, 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 – (55,451 GT) for Holland America Line
- 1993 – (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 – (57,092 GT) for Holland America Line
- 1996 – Dawn Princess (77,499 GT) for Princess Cruises
- 1997 – (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 – (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 – (61,396 GT) for Holland America Line
- 2000 – (62,735 GT) for Holland America Line
- 2000 – (77,499 GT) for P&O Cruises
- 2000 – Carnival Victory (101,509 GT) for Carnival Cruise Lines
- 2001 – (81,769 GT) for Holland America Line
- 2002 – Carnival Conquest (110,000 GT) for Carnival Cruise Lines
- 2002 – (82,000 GT) for Holland America Line
- 2003 – (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 – (81,811 GT) for Holland America Line
- 2004 – Carnival Valor (110,000 GT) for Carnival Cruise Lines
- 2004 –, an aircraft carrier, for the Italian Navy
- 2005 –, 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 – (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 –, a destroyer, for the Italian Navy
- 2007 – (86,700 GT) for Holland America Line
- 2007 – (90,000 GT) for Cunard Line
- 2007 – Carnival Freedom (110,000 GT) for Carnival Cruise Lines
- 2007 – (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 – (86,700 GT) for Holland America Line
- 2009 – Costa Deliziosa (92,700 GT) for Costa Crociere
- 2009 – (115,055 GT) for P&O Cruises
- 2010 – (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 for Regent Seven Seas Cruises
- 2016 – MV Viking Sea (47,800 GT) for Viking Ocean Cruises
- 2016 – (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
Military ships
Offshore and specialty vessels
Service
See also
Notes and References
- Web site: Annual Report 2021. PDF. Fincantieri.com. 20 May 2021.
- Web site: Fincantieri makes $117m in first year with Vard . https://web.archive.org/web/20150430030327/http://www.seatrade-global.com/news/asia/fincantieri-makes-$117m-in-first-vard-year.html . 2015-04-30 . 2016-01-13 .
- Web site: History . Wartsila.com . 2016-01-13.
- Web site: Organisation . Fincantieri.it . 2016-01-13.
- Web site: FINCANTIERI MARINE GROUP ESTABLISHED TO OPERATE IN THE U.S. MARKET. FINCANTIERI COMPLETES ACQUISITION OF MANITOWOC MARINE GROUP . Fincantieri.it . 2009-01-02 . 2016-01-13.
- Web site: INCANTIERI: FIVE NEXT-GENERATION SHIPS FOR CARNIVAL CORPORATION. Fincantieri.it . 2015-03-27 . 2016-01-13.
- News: Fincantieri Signs Agreement for 50 Percent of STX France. 2018-02-02. 2018-02-05. en-GB.
- News: Fincantieri Services USA Launched. 2018-03-09. 2018-03-12. en-GB.
- News: Fincantieri, ok Consob all’aumento di capitale. Oggi il Cda . 11 July 2024 . ilsole24ore.com . ilsole24ore.com . 20 June 2024.
- News: Corrono azioni e diritti Fincantieri, +30% sul valore precedente all’aumento di capitale . 11 July 2024 . themeditelegraph.com . themeditelegraph.com . 1 July 2024.
- News: Fincantieri, a 2,62 ogni nuova azione di aumento di capitale . 11 July 2024 . ansa.it . ansa.it . 21 June 2024.
- News: Fincantieri: sottoscritto 99,2% delle azioni offerte in aumento capitale (RCO) . 11 July 2024 . ilsole24ore.com . ilsole24ore.com . 11 July 2024.
- News: Fincantieri, l’ad Folgiero sottoscrive diritti a 2 euro per l’aumento di capitale da 400 milioni . 11 July 2024 . milanofinanza.it . milanofinanza.it . 11 July 2024.
- News: Fincantieri, va in porto l’aumento di capitale . 11 July 2024 . milanofinanza.it . milanofinanza.it . 11 July 2024.
- News: Fincantieri cresce nel settore della difesa: costruirà il quarto sottomarino di nuova generazione per la Marina Militare . 11 July 2024 . milanofinanza.it . milanofinanza.it . 28 June 2024.
- News: Fincantieri gestirà i rifiuti industriali con Hera. Cosa prevede la nuova partnership . 19 July 2024 . milanofinanza.it . milanofinanza.it . 18 July 2024.
- News: Fincantieri riceve da Carnival un maxi contratto da oltre 2 miliardi di euro per tre navi da crociera . 25 July 2024 . milanofinanza.it . milanofinanza.it . 24 July 2024.
- News: Fincantieri, nel semestre infrastrutture e Vard fanno salire l’ebitda a 214 milioni. Migliora la marginalità . 6 August 2024 . milanofinanza.it . milanofinanza.it . 6 August 2024.
- News: Difesa, Fincantieri e Leonardo costruiranno con Orizzonte Sistemi Navali un nuovo pattugliatore da 236 milioni per la Marina . 6 August 2024 . milanofinanza.it . milanofinanza.it . 6 August 2024.
- News: Fincantieri Sestri Ponente the launch of the ultra-luxury ship Silver Muse. April 11, 2017. Genova 24. April 2, 2017.
Monfalcone shipyards (located at Monfalcone, Gorizia)
VARD Søviknes Shipyard
Marinette Marine (located at Marinette, Wisconsin)
VARD Brăila shipyards
VARD Promar shipyard