Fincantieri

Fincantieri S.p.A. (Italian pronunciation: [finkanˈtjɛːri]) is an Italian shipbuilding company based in Trieste, Italy. Already the largest shipbuilder in Europe, after the acquisition of Vard in 2013 and 50% of STX France in 2018, Fincantieri group doubled in size to become the fourth largest in the world.[2] The company builds both commercial and military vessels.

Fincantieri S.p.A.
Listed società per azioni
Traded asBIT: FCT
ISINIT0001415246
IndustryShipbuilding
Founded1959 (1959) in Rome, Lazio - Italy
Headquarters
Trieste
,
Italy
Area served
worldwide
Key people
Products
Revenue€ 5.85 billion[1] (2019)
€ 320 million[1] (2019)
- € 148 million[1] (2019)
Total equity€ 1.05 billion[1] (2019)
OwnerCassa Depositi e Prestiti (71.32%)
Number of employees
19.823[1] (2019)
Websitewww.fincantieri.com
The shipyards of Riva Trigoso seen from Punta Manara. In the docks the Orizzonte-class destroyer Caio Duilio (D 554) nears completion.

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 working 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 Freedom-class littoral combat ship. 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 the Fincantieri group doubled in size to become the fourth largest in the world.[2]

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 per cent 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]

From May 8 through 13th in 2020, three employees at the Fincanteri shipyard in Sturgeon Bay were diagnosed with coronavirus.[9] It had never closed due to the quarantine and was permitted by authorities to remain open as an essential business.[10]

Ships built at Fincantieri (selection)
Main article: List of ships built by Fincantieri

List of shipyards

Cruise + Ferry

Military ships

Offshore + Specialty vessels

Service

See also

References
  1. "Annual Report 2019" (PDF). Fincantieri.com. Retrieved 26 May 2020.
  2. "Fincantieri makes $117m in first year with Vard". Archived from the original on 2015-04-30. Retrieved 2016-01-13.
  3. "History". Wartsila.com. Retrieved 2016-01-13.
  4. "Organisation". Fincantieri.it. Retrieved 2016-01-13.
  5. "FINCANTIERI MARINE GROUP ESTABLISHED TO OPERATE IN THE U.S. MARKET. FINCANTIERI COMPLETES ACQUISITION OF MANITOWOC MARINE GROUP". Fincantieri.it. 2009-01-02. Retrieved 2016-01-13.
  6. "INCANTIERI: FIVE NEXT-GENERATION SHIPS FOR CARNIVAL CORPORATION". Fincantieri.it. 2015-03-27. Retrieved 2016-01-13.
  7. "Fincantieri Signs Agreement for 50 Percent of STX France". 2018-02-02. Retrieved 2018-02-05.
  8. "Fincantieri Services USA Launched". 2018-03-09. Retrieved 2018-03-12.
  9. Door County extends safer-at-home order, reports six new cases by Sammy Gibbons, Green Bay Press-Gazette, May 14, 2020
  10. US Shipyards Forge Ahead Through COVID-19 by Eric Haun, Marine News, April 1, 2020
  11. "Home - Société des traversiers du Québec". Traversiers.com. Retrieved 25 June 2019.
  12. "Fincantieri Sestri Ponente the launch of the ultra-luxury ship Silver Muse". Genova 24. April 2, 2017. Retrieved April 11, 2017. Translation.

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