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
