Fincantieri

Italian shipbuilding company

Fincantieri S.p.A.

Fincantieri Headquarters in Trieste

Company type| Listed società per azioni

Traded as

| BIT: FCT
FTSE Italia Mid Cap
ISIN| IT0001415246
Industry| Shipbuilding
Defence
Founded| 1959; 66 years ago (1959) in Rome, Lazio – Italy
Headquarters|

Trieste

Italy

Area served

| worldwide

Key people

* Biagio Mazzotta (Chairman)
* Pierroberto Folgiero (CEO)

Products|

* Warships
* Luxury yachts
* Cruise ships
* Merchant vessels
* Oil tankers
* Submarines
* Platform supply vessels
* Steam turbines
* Diesel engines

Revenue|  €8.128 billion (2024)

Operating income

|  €509 million (2024)

Net income

|  €27 million (2024)
Total assets|  €9.427 billion (2024)
Total equity|  €845 million (2024)
Owner| Cassa Depositi e Prestiti (71.32%)

Number of employees

| 22,588 (direct + indirect employees) (12/31/2024)
Website| www.fincantieri.com
Footnotes / references
[1]
The shipyards of Riva Trigoso seen from Punta Manara. In the docks the Orizzonte-class destroyer Caio Duilio (D 554) nears completion.

Fincantieri S.p.A. (Italian pronunciation: [fiŋkanˈtjɛːri]) 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

[edit]

Model of a 20,000 ton navy ship

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.[citation needed]

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.[citation needed]

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, formerly part of STX Europe, 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]

### 2020s

[edit]

In 2024, as part of a framework for strengthening European Defence, including Naval Defence, Fincantieri took over from Leonardo, the naval armaments sector of 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 5 February 2025, Fincantieri received from Norwegian Cruise Line a maxi contract worth 9 billion euros for four cruise ships with almost 226 thousand gross tons each to be delivered in 2030, 2032, 2034 and 2036 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 defence business between Fincantieri (51%) and Leonardo (49%).[19]

## Ships built at Fincantieri (selection)

[edit]

Main article: List of ships built by Fincantieri

* 1967 – Vittorio Veneto (550), a cruiser, for the Italian Navy
* 1983 – Giuseppe Garibaldi, 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 – MS Statendam (55,451 GT) for Holland America Line
* 1993 – MS Maasdam (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 – MS Veendam (57,092 GT) for Holland America Line
* 1996 – Dawn Princess (77,499 GT) for Princess Cruises
* 1997 – MS Rotterdam (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 – MS Volendam (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 – MS Zaandam (61,396 GT) for Holland America Line
* 2000 – MS Amsterdam (62,735 GT) for Holland America Line
* 2000 – MV Oceana (77,499 GT) for P&O Cruises
* 2000 – Carnival Victory (101,509 GT) for Carnival Cruise Lines
* 2001 – MS Zuiderdam (81,769 GT) for Holland America Line
* 2002 – Carnival Conquest (110,000 GT) for Carnival Cruise Lines
* 2002 – MS Oosterdam (82,000 GT) for Holland America Line
* 2003 – RV Petrel (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 – MS Westerdam (81,811 GT) for Holland America Line
* 2004 – Carnival Valor (110,000 GT) for Carnival Cruise Lines
* 2004 – Cavour (550), an aircraft carrier, for the Italian Navy
* 2005 – Andrea Doria (D 553), 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 – MS Noordam (82,500 GT) for Holland America Line
* 2006 – Costa Serena (114,147 GT) for Costa Crociere
* 2006 – Carnival Freedom (110,000 GT) for Carnival Cruise Lines
* 2007 – Caio Duilio (D 554), a destroyer, for the Italian Navy
* 2007 – MS Eurodam (86,700 GT) for Holland America Line
* 2007 – MS Queen Victoria (90,000 GT) for Cunard Line
* 2007 – Carnival Splendor (110,000 GT) for Carnival Cruise Lines
* 2007 – MV Ventura (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 – MS Nieuw Amsterdam (86,700 GT) for Holland America Line
* 2009 – Costa Deliziosa (92,700 GT) for Costa Crociere
* 2009 – MS Azura (115,055 GT) for P&O Cruises
* 2010 – MS Queen Elizabeth (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 (54,000 GT) for Regent Seven Seas Cruises
* 2016 – MV Viking Sea (47,800 GT) for Viking Ocean Cruises
* 2016 – MS Koningsdam (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 – MV Viking Orion (47,800 GT) for Viking Ocean Cruises
* 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
* 2019 – MV Viking Jupiter (47,800 GT) for Viking Ocean Cruises
* 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 – MV Viking Venus (47,800 GT) for Viking Ocean Cruises
* 2021 – Valiant Lady (110,000 GT) for Virgin Voyages
* 2021 – MS Rotterdam (99,000 GT) Holland America Line
* 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 – MV Viking Mars (47,800 GT) for Viking Ocean Cruises
* 2022 – Norwegian Prima (140,000 GT) for Norwegian Cruise Line
* 2022 – MV Viking Neptune (47,800 GT) for Viking Ocean Cruises
* 2023 – Norwegian Viva (140,000 GT) for Norwegian Cruise Line
* 2023 – MV Viking Saturn (47,800 GT) for Viking Ocean Cruises
* 2023 – Vista (67,000 GT) for Oceania Cruises
* 2023 – Explora I (63,000 GT) for Explora Journeys
* 2024 – Sun Princess (178,000 GT) for Princess Cruises
* 2024 – MV Viking Vela (53,700 GT) for Viking Ocean Cruises
* 2024 – Queen Anne (113,000 GT) for Cunard Line
* 2024 – Explora II (63,000 GT) for Explora Journeys
* 2025 – Mein Schiff Relax (160,000 GT) for TUI Cruises

## List of shipyards

[edit]

### Cruise and ferry

[edit]

* Monfalcone shipyards (located at Monfalcone, Gorizia)
* Marghera shipyards (located at Marghera, Venice)
* Ancona shipyards (located at Ancona)
* Sestri Ponente shipyards[20] (located at Genova)
* VARD Søviknes Shipyard

### Military ships

[edit]

* Muggiano shipyards (located at La Spezia)
* Riva Trigoso shipyards (located at Sestri Levante, Genova)
* Castellammare di Stabia shipyards (located at Castellammare di Stabia, Napoli)
* Marinette Marine (located at Marinette, Wisconsin)
* ACE Marine (located at Green Bay, Wisconsin)

### Offshore and specialty vessels

[edit]

* VARD Brattvåg shipyard
* VARD Langsten shipyards
* VARD Brăila shipyards
* VARD Tulcea shipyards
* VARD Promar shipyard
* VARD Vũng Tàu shipyard

### Service

[edit]

* Palermo shipyards (located at Palermo)
* Trieste shipyards (located at Trieste)
* Bay Shipbuilding Company shipyard (located in Wisconsin)

## See also

[edit]

* Italy portal
* Companies portal
* Transport portal

* List of ships built by Fincantieri
* Isotta Fraschini
* Cantieri Riuniti dell'Adriatico

## References

[edit]

1. ^ "Annual Report 2021" (PDF). Fincantieri.com. Retrieved 20 May 2021.
2. ^ a b "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. ^ "Fincantieri, ok Consob all'aumento di capitale. Oggi il Cda". ilsole24ore.com. ilsole24ore.com. 20 June 2024. Retrieved 11 July 2024.
10. ^ "Corrono azioni e diritti Fincantieri, +30% sul valore precedente all'aumento di capitale". themeditelegraph.com. themeditelegraph.com. 1 July 2024. Retrieved 11 July 2024.
11. ^ "Fincantieri, a 2,62 ogni nuova azione di aumento di capitale". ansa.it. ansa.it. 21 June 2024. Retrieved 11 July 2024.
12. ^ "Fincantieri: sottoscritto 99,2% delle azioni offerte in aumento capitale (RCO)". ilsole24ore.com. ilsole24ore.com. 11 July 2024. Retrieved 11 July 2024.
13. ^ "Fincantieri, l'ad Folgiero sottoscrive diritti a 2 euro per l'aumento di capitale da 400 milioni". milanofinanza.it. milanofinanza.it. 11 July 2024. Retrieved 11 July 2024.
14. ^ "Fincantieri, va in porto l'aumento di capitale". milanofinanza.it. milanofinanza.it. 11 July 2024. Retrieved 11 July 2024.
15. ^ "Fincantieri cresce nel settore della difesa: costruirà il quarto sottomarino di nuova generazione per la Marina Militare". milanofinanza.it. milanofinanza.it. 28 June 2024. Retrieved 11 July 2024.
16. ^ "Fincantieri gestirà i rifiuti industriali con Hera. Cosa prevede la nuova partnership". milanofinanza.it. milanofinanza.it. 18 July 2024. Retrieved 19 July 2024.
17. ^ "Fincantieri, le più costose navi da crociera di sempre". lastampa.it. lastampa.it. 6 February 2025. Retrieved 6 February 2025.
18. ^ "Fincantieri, nel semestre infrastrutture e Vard fanno salire l'ebitda a 214 milioni. Migliora la marginalità". milanofinanza.it. milanofinanza.it. 6 August 2024. Retrieved 6 August 2024.
19. ^ "Difesa, Fincantieri e Leonardo costruiranno con Orizzonte Sistemi Navali un nuovo pattugliatore da 236 milioni per la Marina". milanofinanza.it. milanofinanza.it. 6 August 2024. Retrieved 6 August 2024.
20. ^ "Fincantieri Sestri Ponente the launch of the ultra-luxury ship Silver Muse". Genova 24. April 2, 2017. Retrieved April 11, 2017.

## External links

[edit]

Wikimedia Commons has media related to Fincantieri.

* Official website

45°38′08.08″N 13°46′32.56″E﻿ / ﻿45.6355778°N 13.7757111°E﻿ / 45.6355778; 13.7757111

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Fincantieri

Subsidiaries|

* Cantiere navale del Muggiano
* Cantiere navale di Ancona
* Cantiere navale di Palermo
* Cantiere navale di Riva Trigoso
* Cantiere Navale Triestino
* Cantieri navali Tosi di Taranto
* Cantieri Riuniti dell'Adriatico
* Isotta Fraschini
* Bay Shipbuilding Company
* Fincantieri Marinette Marine
* Regio Cantiere di Castellammare di Stabia
* Stabilimento Tecnico Triestino

Related|

* List of ships built by Fincantieri

* v
* t
* e

List of ships built by Fincantieri

Warships|

* Andrea Doria
* Assad-class corvettes
* Bergamini-class frigates
* Caio Duilio
* Carvajal
* Cassiopea-class patrol vessels
* Cavour
* Deepak
* Diciotti-class offshore patrol vessels
* Doha-class corvettes
* Durand de la Penne-class destroyers
* Esmeraldas-class corvette
* Etna
* Falaj 2-class patrol vessels
* Giuseppe Garibaldi
* Laksamana-class corvettes
* Maestrale-class frigates
* Minerva-class corvettes
* San Giorgio-class amphibious transport docks
* San Giusto
* Sauro-class submarines
* Scirè
* Shakti
* Toti-class submarines
* Vittorio Veneto
* Musherib-class offshore patrol vessels
* Villavicencio
* Vulcano-class logistic support ships

Cruise ships|

* Amsterdam
* Arcadia
* L'Austral
* Azura
* Le Boreal
* Britannia
* Caribbean Princess
* Carnival Breeze
* Carnival Conquest
* Carnival Dream
* Carnival Freedom
* Carnival Glory
* Carnival Horizon
* Carnival Liberty
* Carnival Magic
* Carnival Panorama
* Carnival Splendor
* Carnival Sunshine
* Carnival Sunrise
* Carnival Valor
* Carnival Victory
* Carnival Vista
* Concordia-class cruise ships
* Costa Concordia
* Costa Deliziosa
* Costa Diadema
* Costa Fascinosa
* Costa Firenze
* Costa Fortuna
* Costa Luminosa
* Costa Magica
* Costa neoClassica
* Costa neoRomantica
* Costa Pacifica
* Costa Serena
* Costa Venezia
* Crown Princess
* Dawn Princess
* Discovery Princess
* Destiny-class cruise ships
* Disney Magic
* Disney Wonder
* Emerald Princess
* Eurodam
* Fram
* Golden Princess
* Grand Princess
* Koningsdam
* Le Lyrial
* Maasdam
* Majestic Princess
* Marina
* Nieuw Amsterdam
* Nieuw Statendam
* Noordam
* Ocean Princess
* Oosterdam
* MS Ambience
* Pacific Jewel
* Queen Elizabeth
* Queen Victoria
* Regal Princess
* Riviera
* Rotterdam
* Royal Princess
* Ryndam
* Royal-class cruise ships
* Ruby Princess
* Sea Princess
* Seabourn Encore
* Seabourn Ovation
* MSC Seaside
* MSC Seaview
* Seven Seas Explorer
* Sky Princess
* Silver Muse
* Silver Spirit
* Le Soléal
* Star Princess
* Sun-class cruise ships
* Sun Princess (1995)
* Sphere-class cruise ships
* Sun Princess (2024)
* Star Princess
* The Calypso
* Vasco da Gama
* Veendam (1996)
* Ventura
* Viking Sea
* Viking Sky
* Viking Star
* Viking Sun
* Volendam
* Westerdam
* Zaandam
* Zuiderdam

Ferries|

* al-Salam Boccaccio 98
* Almudaina Dos
* Gotlandia II
* Knossos Palace
* Festos Palace
* Hellenic Wind
* MDV1200-class fast ferries
* Pride of Hull
* Pride of Rotterdam
* Star-class ferries
* Speedrunner III
* Speedrunner IV
* Superstar

Cargo ships|

* Britannia Seaways
* Cape Victory
* Cape Vincent

Yachts|

* Destriero
* Serene
* Victory

Miscellaneous vessels|

* Alliance
* Castoro Sei
* Elettra
* Karadeniz Powership İrem Sultan
* Spirit of Columbus
* Sagar Nidhi
* Saipem 7000
* Scarabeo 8
* Ta Kuan

Related|

* Cantieri Riuniti dell'Adriatico
* Fincantieri

Authority control databases

International|

* ISNI
* VIAF

National|

* Germany
* United States

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