Great Lakes shipbuilding and repair giant, Fincantieri Bay Shipbuilding, broke ground on a new 19,000 square feet machine shop at their Sturgeon Bay location today. Inside the future 300-ft. long building, shipbuilders will have access to two overhead cranes capable of lifting five and 30 tons
In the context of the announcement for six options dated March 2018, Fincantieri and Viking have put into effect the contracts for the third and fourth ships. The companies also have signed the contract for the fifth and sixth units, subject to access to financing as per industry practice
The Fincantieri group achieves another important result in the United States with the launch of the construction of the leader of the Constellation class multi-mission frigates at the Marinette Marine shipyards of the subsidiary Fincantieri Marine Group
The heatwave experienced in parts of the world has seen temperatures of between 40-42C recently, shipyard work has become nearly impossible in the sweltering temperatures and workers have had to take unscheduled breaks, meaning that production has been delayed
South Korean contract workers have tentatively agreed to end their strike at the country's No.3 shipbuilder in return for a much smaller wage hike than they had demanded, union officials and subcontractors said on Friday
Trieste - Fincantieri has signed with bank Intesa Sanpaolo (IMI Corporate & Investment Banking Division) a “sustainability linked” revolving credit facility for a maximum amount of 500 million euros. The financing is aimed at covering the financial requirements of the construction of cruise ships
Fincantieri Marinette Marine cut the ribbon on a new building Thursday. Building 34 is where pieces constructed by workers in Marinette and the company’s Sturgeon Bay location, Fincantieri Bay Shipbuilding, will be assembled into the newest Navy ship ships
The Board of Directors of Fincantieri, chaired by Giampiero Massolo, has examined and approved the interim financial information at March 31, 2022. “The first quarter results, alike the full year, highlight a healthy company from a financial and economic standpoint" said Giuseppe Bono
Trieste - The delivery of the corvette “Damsah”, the second of the Al Zubarah-class of four vessels ordered to Fincantieri by the Qatari Ministry of Defence within the national naval acquisition program, took place today at the Muggiano (La Spezia) shipyard
Greek Prime Minister Kyriakos Mitsotakis was guest of honour in Greece at a recent virtual ceremony co-located at Onex’s yard on the island of Syros, and Asry Bahrain and Onex Groupsigned the MoU
The Genoese group De Wave lands in Finland and announces the acquisition of FCR Finland. The company thus broadens its borders, focusing on the North European and Scandinavian shipbuilding market
Trieste - The delivery of the Multipurpose Offshore Patrol ship (PPA – Pattugliatore Polivalente d’Altura) “Paolo Thaon di Revel, first of seven vessels, took place at Fincantieri’s shipyard in Muggiano. The PPAs are built at the Integrated shipyard of Riva Trigoso and Muggiano
A group of Egyptian companies, including the state-owned Egyptian Electricity Holding Company (EEHC), have signed on Thursday an MoU with the Finnish shipbuilding company Deltamarin to build a ship that would serve as the country’s first floating power plant
The Italian Sea Group (TISG), global operator in the luxury yachting industry with the brands Picchiotti, Admiral, Perini Navi, Tecnomar and NCA Refit, announces that the Board of Directors, during today’s meeting, has approved the preliminary consolidated results at December 31st 2021
Split - Brodosplit shipyard symbolically marked the beginning of the consolidation and joining of sheets to produce sections of a zero-emission passenger ship with electric generator propulsion: "Electric sailing ship"
Japan’s Mitsubishi Shipbuilding is set to build a liquefied carbon dioxide (LCO2) carrier and is also studying an ammonia floating regasification and storage unit (FSRU) concept in a concerted bid to expand is energy transition portfolio
Mitsui O.S.K. Lines and Oshima Shipbuilding announced the completion of the hard sail system jointly developed under the "Wind Challenger" project at the Oshima shipyard. MOL have been promoting the Wind Challenger Project to harness wind as a propulsive force for merchant ships
Korea Development Bank (KDB) Chairman Lee Dong-gull criticized the European Union, Thursday, over its disapproval of Hyundai Heavy Industries’ (HHI) proposed acquisition of Daewoo Shipbuilding & Marine Engineering (DSME)
London - 2021 saw significant trends and changes in the shipping industry with record breaking container demand, surging steel prices, and the threat of returning lockdowns as new Covid-19 variants emerged. READ FULL REPORT
Germany's Thyssenkrupp Marine Systems will build three advanced submarines for the Israeli Navy in a deal worth three billion euros ($3.4 billion), the Israeli Defense Ministry said on Thursday. The parties also signed an industrial strategic cooperation agreement that amounts to more than 850 million euros, the ministry said."
Ancona – “Viking Neptune ”, the newest ocean cruise ship which Fincantieri is building for the shipowner Viking, has been floated out at the shipyard in Ancona . The unit will be placed in the small cruise ship segment. As its sister ships, she is about 47,800 tons, 465 cabins with accommodation for 930 passengers
Seoul - Daewoo Shipbuilding & Marine Engineering is in search of a new owner again after a merger plan with its larger rival Hyundai Heavy Industries failed due to an EU veto on monopoly concerns. The European Commission announced Thursday its prohibition for the merger
Rome - DIS, or d'Amico International Shipping, a marine transportation company, has signed a contract for its first sustainability-linked loan as part of the refinancing of all debt maturing in 2022. Specifically, the company’s subsidiary d’Amico Tankers signed a $43 million five-year term loan facility with ABN Amro Bank to refinance the bank loans maturing in 2022 on "MT Cielo di Ulsan", "MT Cielo di Hanoi" and "MT Cielo di Gaeta"
Seoul - South Korea's three major shipbuilders in 2021 have received their largest amount of orders in eight years, surpassing their targets by 45%, according to the industry sources on Dec. 31. The Big Three bagged a combined $45.9 billion worth of orders this year
Doha - QatarEnergy has ordered six LNG ships from two South Korean shipyards, the first batch under a 2020 agreement, as the Gulf state seeks to meet requirements for its North Field expansion plans
Seoul - Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has developed a technology to store carbon dioxide captured in ship engine emissions. The technology developed in cooperation with a local ship part supplier will help ships to reduce their carbon dioxide emissions
Tehran - The Secretary of the Iranian Merchant Mariners Syndicate (IMMS) Saman Rezaei has said buying new ships and the renovation of the country’s existing maritime fleet is an important necessity for developing the maritime trade. “Older ships have higher depreciation and maintenance costs and lower safety” the portal of the Ports and Maritime Organization (PMO) quoted Rezaei as saying.
Chittagong - The Institute of Marine Technology (IMT) is going to be established in Chittagong for the first time here to develop skilled manpower for the shipbuilding industry. All are set to construct IMT on the bank of Karnafuli River, adjacent to Kalpalok residential area at Bakalia police station in the city. Land acquisition has already been completed in this regard
Tulcea - After being towed from Vard’s shipyard in Tulcea, Romania, across the Black sea, the Mediterranean Sea, then along the ocean shores of Portugal, Spain and France up to Scandinavia, Prysmian Group’s cutting-edge cable-laying vessel reached Brattvåg, Norway
Some sources estimated the volume at 500,000 to 600,000 tonnes, or up to around 10 large panamax vessels, mainly for August. Others pegged total sales higher, at around 1 million tonnes, suggesting France could load up to about 15 panamaxes this summer
Tsuneishi, which is based in Hiroshima Prefecture and operates shipyards in China and the Philippines, will acquire the interest in Mitsui E&S Shipbuilding on Oct. 1.
The group has secured a total of 75 effective shipbuilding contracts with an aggregate value of US$4.01 billion year-to-date.
Trieste - Fincantieri subsidiary Vard, one of the major global shipbuilders of specialized vessels, has delivered the second expedition cruise vessel, “Coral Geographer” to the Australian company Coral Expeditions. “Coral Geographer” has been specially tailored for personalized expedition cruises to remote and exotic destinations in Asia and Oceania
Beijing is currently focused on enhancing its military capabilities to face US threats in the Asia-Pacific. It is going all out to strengthen the navy to face the challenges in the South China Sea and Indian Ocean Region
Last year, the European Commission told Hyundai Heavy Industries to work on a method to remove the possibility of limited competition in the LNG ship market. This implies that the commission will approve the merger only when the possibility of its monopoly in the LNG ship building market is eliminated.
Trieste - Fincantieri, through its subsidiary E-phors, specialized in providing cybersecurity services and products, has recently provided a pivotal training course in partnership with the Italian Shipping Academy, aimed at introducing deck officers to the basics of cybersecurity. The three-day training course is part of the Academy’s project – funded by the European Commission “Common Maritime Education Standards in the West Mediterranean”
Trieste - Chile’s ASMAR Shipbuilding & Ship Repair Company has awarded Vancouver, B.C., based Vard Marine (wholly owned by Vard AS, Fincantieri Group) a new contract for the design of an Amphibious and Military Sea Transport Ship for the Chilean Navy’s Escotillón IV Program. The multi-role vessels will be constructed at the ASMAR shipyard in Talcahuano, Chile
Milan - France has offered Italian shipbuilder Fincantieri’s a one-month extension to its planned acquisition of French rival Chantiers de l’Atlantique, the finance ministry said in a statement on Wednesday
Trieste - The first U.S. flagged Great Lakes bulk carrier to be built on the Great Lakes in nearly four decades marked a key point in its construction with its recent float out from the graving dock. Being built for The Interlake Steamship Company at the Fincantieri Bay Shipbuilding yard in Wisconsin, the vessel which is named the Mark W. Barker is the first Great Lakes bulk carrier built domestically since 1983
State-controlled Fincantieri signed an agreement in February 2018 to buy 50% of the French group from the Paris government for 59.7 million euros ($72.4 million). But EU authorities have suspended an examination of the deal pending the provision of more data
Trieste - Fincantieri subsidiary VARD has signed a contract for the design and construction of eight robotic vessels for maritime operations worldwide for Ocean Infinity. In partnership with the client, VARD has developed the VARD 9 60 design
ABB has secured a $ 300 million order from Daewoo Shipbuilding & Marine Engineering Co. to supply propulsion and power generation systems for six new vessels that will be used for the transport of liquefied natural gas
Helsinki - Finnish shipbuilding company Helsinki Shipyard Oy has won an order from the British cruise line Swan Hellenic for a luxury expedition cruise vessel. The order comes at a very difficult situation for the global cruise and shipbuilding industry due to the impact of COVID-19 on traveling and demand for cruises
Seoul - Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics but whose leadership was also marred by corruption convictions, died on Sunday
Seoul - Daewoo Shipbuilding & Marine Engineering Co. said Tuesday it has developed an AI robot for metalworking in the construction of ships for the first time in the world
The European Globalisation Adjustment Fund was set up to help workers made redundant due to major changes in world trade patterns or as a result of unexpected financial and economic crises.
Athens - On recent orders from Greek shipping companies, South Korea’s shipbuilding industry regained the No. 1 spot from China in the third quarter of this year, data showed Sunday. According to UK-based market research firm Clarksons Research, Greece placed orders for 18 ships worth 589,421 compensated gross tonnage from Korean shipbuilders this year
Berlin - Genting Hong Kong, the parent company of Crystal Cruises, Dream Cruises, and Star Cruises has secured a EUR 193 million, or $227 million payment from the German Government to keep its shipyards MV Werften afloat. As the owner of three major cruise lines, a casino in Manila which has been closed down, and MV Werften
London - Britain's shipbuilding industry could be in for a massive boost after Brexit with plans to end to European Union rules forbidding the Government from prioritising UK firms when handing out lucrative contracts for new vessels
Genova - Steel cutting at the Cimar plant in San Giorgio di Nogaro for the second of the two ultra-luxury ships commissioned by the US shipping company Seabourn to the genoese T. Mariotti shipyard. The sister ship of "Seabourn Venture", whose delivery is expected in 2021, is still waiting to receive the name and will be completed in 2022
Trieste - The Department of Defense and the US Navy awarded to Fincantieri’s subsidiary, Marinette Marine (FMM), a $7 million contract for design and engineering work of the Large Unmanned Surface Vessel (LUSV), the future large-size unmanned surface vessels, able to operate without crew on board. Fincantieri Marinette Marine has been shortlisted with five other companies
Wartsila on Friday reported a 51% drop in quarterly operating profit, as demand for its ship technology and power plants slumped due to the coronavirus outbreak
EU antitrust regulators have again halted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries’ merger with Daewoo
Seoul - Samsung Heavy Industries (SHI) is developing innovative methods to facilitate smart shipping by undertaking thorough research across their multiple research centres in Geoje, Daeduk and Pangyo in Korea. According to a statement issued by the company, the aim is not only to transform Samsung's shipyard at Geoje into a smart shipyard
Tel Aviv - Israel Shipyards announced July 9 the delivery of two OPV-45 Offshore Patrol Vessels to an African navy. The agreement to supply the ships was signed in order to provide significant protection against the increasing threat of piracy in the region. The agreement includes ongoing support and training of the technical and operational teams
Seoul - Global new orders of ships fell to a historic low in the first half of the year amid the coronavirus pandemic, industry sources said Tuesday. In the January-June period, global new shipbuilding orders totaled 5.75 million compensated gross tons (CGTs)
Seoul - South Korea’s Hyundai Heavy Industries Co. said on Tuesday that it will merge shipbuilding and offshore & engineering divisions to streamline its mainstay business to survive coronavirus pandemic that has dampened global demand. According to the world’s largest shipbuilder, it will merge its shipbuilding and offshore operations July 1
Seoul - Daewoo Shipbuilding & Marine Engineering (DSME) announced on June 8 that it has won an order for two 360,000-square-meter LNG-barges from a Russian client for about 901.3 billion won. An LNG-barge is a floating LNG terminal in the sea. It is a facility that receives and stores LNG from icebreaking LNG carriers at sea and unloads it onto regular LNG carriers
Dubai - There has been a slow and cautious easing of restrictions in ship recycling sectors across the Indian subcontinent markets as certain yards get back to work in Alang and a few vessels waiting for special permissions in Bangladesh have finally been allowed to beach this week.
Hamburg will be much less busy this September after it was announced that SMM, the leading international maritime trade fair, has been postponed to 2-5 February 2021 in response to the coronavirus pandemic and its global impact
Seoul - South Korea ranked second to China in terms of shipbuilding orders for the second straight month, industry data showed Wednesday. Daewoo Shipbuilding & Marine Engineering Co. and others won orders totaling 230,000 compensated gross tons (CGTs) to build eight ships in April, trailing far behind Chinese shipbuilders that bagged 730,000 CGTs in orders to build 38 vessels
German shipyard Meyer Werft’s Finnish subsidiary on Tuesday started statutory talks to lay off up to 450 of its roughly 2,000 employees because of a hit to business from the coronavirus pandemic
Genova - Several of Europe’s leading shipbuilders have announced plans to slowly resume operations after more than a month of disruptions. During the peak of the coronavirus, shipbuilders in Italy, France, Spain, and Germany were each forced to suspend operations
Trieste - Vard signed a new contract for the design and construction of one Service Operation Vessel (SOV) for Ta San Shang Marine, a joint venture between MOL and Ta Tong Marine (TTM)
Seoul - Korean shipbuilders are reportedly outrun by Chinese rivals in a race to win a 1.35-trillion-won order for six 23,000-TEU super-large container carriers from German shipping company Hapag-Lloyd. Chinese shipbuilders beat technologically superior Korean competitors with advanced technology
Bruxelles - European shipbuilding and ship equipment association SEA Europe is calling for government aid to help the industry weather the COVID-19 downturn, citing temporary shutdowns, order cancellations - particularly for new cruise ships - and project delays
These vessels are scheduled to be delivered from mid-2022. This deal is considered to be amongst Yangzijiang’s largest orders in value, according to the group’s CEO Ren Letian
Milano - Italian shipyard Fincantieri has not offered any concessions to head off EU antitrust concerns about its planned bid for France’s Chantiers de l’Atlantique, giving regulators no choice but to block the deal, people familiar with the matter said last week. A veto by European Competition Commissioner Margrethe Vestager would deal a serious blow to Italy
Seoul - China, Japan and Singapore are pushing for mergers in the shipbuilding industry with a business combination review going on for Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering, which are the two largest shipbuilders in the world
Marzo mese di refitting, saranno ben 5 le navi da crociera che entreranno in bacino questo mese per rifarsi il look. Per qualcuna sarà solo un leggero lifting, mentre per altre l’intervento sarà più invasivo e richiederà un fermo nave di diverse settimane
French global defense contractor Naval Group has had a 3 billion euros of order intake in 2019, +44% compared to 2018, including 3 billion internationally, taking the order book to 15 billion euros
EU antitrust regulators have set a new July 9 deadline for their decision on world No. 1 shipbuilding group Hyundai Heavy Industries’ $1.8 billion merger with Daewoo
Global ship deliveries have been hit as yards in China struggle to get fully back to work as a result of the coronavirus outbreak, with one shipbuilder saying it could not deliver two vessels
Danish-based consultancy Knud E. Hansen has designed a 212-metre RoPax ferry with a large battery bank to power it while dockside, allowing for zero emissions in port. The vessel can transport up to 700 passengers and 390 cars
Samsung Heavy Industries Co., a major shipyard in South Korea, had its net losses widened in the fourth quarter from a year earlier due to one-off costs
The technology group Wärtsilä has been selected to provide the complete system design and full equipment scope for two new 9300 DWT self-discharging bulk carriers featuring hybrid propulsion
Croatia's DIV Group, which owns the Brodosplit shipyard in Split, is set to buy Kleven Verft, a Norwegian shipbuilding company specializing in the construction of offshore and cruise vessels
The technology group will supply Chantiers de l‘Atlantique, France, a comprehensive package of integrated solutions designed to support and enhance the efficiency and environmental sustainability of two cruise vessels
Dutch shipyard Damen made the only feasible offer to build Germany’s new multi-role warship MKS 180 in an alliance with its Bremen-based partner Luerssen
Deliveries to Hong Kong soared around 375 percent in 2019 compared with 2018. Singapore was another important market for local shipbuilders as their sales to the city state stood at $38.8 million
The combined target of Hyundai Heavy Industries Co., Hyundai Samho Heavy Industries Co. and Hyundai Mipo Dockyard Co. remains unchanged from last year.
Hyundai Mipo Dockyard said in a regulatory filing that it aims to clinch deals worth $3.65 billion this year
Italian state-owned shipbuilder Fincantieri (FCT.MI) won a contract worth approximately $1.3 billion from the U.S. Navy to build four ships for Saudi Arabia
South Korea's top shipyard Hyundai Heavy Industries Group told Yonhap news agency that its two affiliates have clinched two deals worth 340 billion won (262,6 million euros) in total to build six vessel
All six vessels will be capably capable of transporting 174,000 cubic meters of LNG, and will be delivered to the respective owners starting from the second half of 2022
Shanghai - Design aims to maximize capacity with aft-mounted membrane fuel tank
Genoa - The shiplift is a submersible platform that allows the maxi yacht to be lifted from the water and moved to the ground in the yard with a system of trolleys on rails and completed by 5 workstations.
Islamabad - The steel cutting ceremony of two warships being built for Pakistan Navy in China was held at Hudong Zhonghua (HZ) Shipyard on Saturday, says to a press released by the Pakistan Navy’s Directorate General Public Relations. The two warships are the Type 054 A/P frigates
Geoje - Park Chol-hee was working a holiday shift at Samsung Heavy Industries’Geoje shipyard on Labor Day in 2017 when a giant crane collided with another and crashed to ground, killing six people, including Park’s younger brother
Shanghai - Fabrizio Ferri, CEO of the Chinese branch of Fincantieri in Shanghai, has won the Magnolia Silver Award for his contributions to the city’s booming cruise liner industry. Fincantieri and China State Shipbuilding Corporation joined forces to build the first big cruise ship in China dedicated to Chinese passengers
Ho Chi Minh - A typical modern LNG ship is approximately 300 meters long, 43 meters wide and has a draft of about 12 meters, according to The International Group of Liquified Natural Gas Exporters (GIIGNL)
Henderson - Global shipbuilder Austal has entered the new fiscal year with a $4.9 billion order book, up from $3 billion last year, with 58 vessels under construction or scheduled. Austal chief executive David Singleton called it the aluminium shipbuilder’s best year ever
Trieste - The launching ceremony of “Silver Moon”, the second of three new ultra-luxury cruise ships that Fincantieri is building for Silversea Cruises took place yesterday at the Ancona yard. The vessel will enter the ship owner’s fleet in 2020
Seoul - These vessels will be delivered by January 2022.
La Spezia - Intermarine, a subsidiary of the industrial group IMMSI, announces that it has been delivered to the Italian Navy an UNPAV unit (High Speed Multi-Purpose Vessel), called “Angelo Cabrini”. The ship, delivered in line with the timing of the schedule is the first of a wide multiple order consisting of two units
Seoul - Saudi Arabian tanker giant Bahri is set to order very large crude oil carriers (VLCCs) from a large-scale shipyard being developed in the King Salman Complex by International Maritime Industries (IMI) at Ras Al-Khair, with the vessels being built at the dockyard of Hyundai Heavy Industries (HHI) in South Korea
Dubai - The ongoing (and seemingly unending) decline being witnessed in the sub-continent markets showed no signs of slowing this week, with some truly pitiful performances seen from all locations. An analysis by GMS
Istanbul - Data compiled from the Transport and Infrastructure Ministry reveal that Turkey has taken significant, eye-catching steps in maritime transport, a strategic sector for global trade. One of the important initiatives was the revival of maritime transport with the removal of excise duty
Seoul - The five local banks exposed to the troubled Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) are exploring a two-pronged approach to recoup their funds, an official from Rizal Commercial Banking Corp. (RCBC) said.
Seoul - Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipyard, said Thursday it has secured an order to build a very large crude carrier (VLCC) for an Omani shipper.
