Fincantieri

Fincantieri SpA
legal form	Società per azioni
ISIN	IT0001415246
founding	1959
Seat	Trieste , Italy
management	Giampiero Massolo , chairman of the board ; Giuseppe Bono, CEO ;
Number of employees	19,823
sales	EUR 5.85 billion
Branch	shipbuilding
Website	www.fincantieri.com
	As of December 31, 2019

The Fincantieri - Cantieri Navali Italiani SpA , headquartered in Trieste is the largest European shipbuilding company .

history

Seat of the Fincantieri in Trieste

Fincantieri was founded in Rome in 1959 as a state holding company, which included eight companies engaged in shipbuilding , ship repairs and the construction of ship engines. In 1984 these companies and the parent holding company were transformed into a single shipbuilding company, continuing the traditions of the old Italian shipyards . The company's headquarters are now in Trieste .

In 2008 Fincantieri acquired the US shipyard Marinette Marine . In January 2013 ten more shipyards were taken over with Vard AS , Fincantieri almost doubled its turnover and number of employees.

In September 2017 Fincantieri took over 50% of the shares in the French STX shipyards. As a result, they were given the old, traditional name Chantiers de l'Atlantique again . The second largest shareholder in Chantiers de l'Atlantique is the French state with 34.34%. In order to guarantee Fincantieri operational control of the company, the French state lends 1% of its stake to Fincantieri, but with a 12-year right of redemption if Fincantieri does not adhere to the agreements made on job security, governance and intellectual property .

Business areas

In recent years Fincantieri has succeeded in meeting the many, mainly East Asian, low-cost providers on the market by concentrating on the segment of large, high-quality cruise ships . Today it is one of the world market leaders in this area. The company is divided into five divisions:

Cruise ships : Shipyards in Monfalcone ( ⊙ )45.796465 13.541419 0 , Marghera ( Venice ) and Sestri Ponente ( Genoa )
Transport and other merchant ships : shipyards in Ancona , Castellammare di Stabia ( Naples ) and Palermo
Megayachts : Shipyard in Muggiano ( La Spezia )
Warships : Shipyards in Riva Trigoso ( Genoa ) and Muggiano ( La Spezia )
Repair and reconstruction : shipyard in Palermo , docks in Trieste and Muggiano ( La Spezia )

The main subsidiaries are VARD (Shipbuilding and Offshore), Orizzonte Sistemi Navali SpA, Isotta Fraschini Motori SpA , Fincantieri Marine Systems North America, Fincantieri Marine Group (including Marinette Marine ) and CETENA.

The subsidiary Vard AS is an international shipbuilding group with ten shipyards in Brazil , Norway , Romania and Vietnam with around 10,000 employees (March 2015). The company was formed in January 2013 from significant parts of the Korean STX Europe and STX OSV.

Together with the Norwegian subsidiary Vard AS, Fincantieri has been the fourth largest shipbuilding company in the world since 2013.

Shareholders

(As of December 2019)

Italian state through CDP Industria SpA: 71.32%
Treasury shares : 0.42%
Free float : 28.26%

Current order backlog

The following table lists the current construction contracts for Fincantieri in the order of the planned delivery date. A list with a selection of ships built by Fincantieri can be found in the main article Fincantieri build list .

The list below is not exhaustive as it almost exclusively includes cruise ships.

delivery	Surname	GT	Client	Remarks
2020	Seven Seas Splendor	54,000	Regent Seven Seas Cruises
2020	Costa Firenze	135,000	Costa Crociere	Vista class
2020	Enchanted Princess	143,700	Princess Cruises
2020	Scarlet Lady	110,000	Virgin Cruises
2020	Silver moon	40,700	Silversea Cruises
2021	Viking Venus	47,800	Viking Ocean Cruises
2021	Valiant Lady	110,000	Virgin Cruises
2021	MSC Seashore	169.380	MSC Cruises	Seaside Evo class
2021		110,000	Virgin Cruises
2021	Silver Dawn	40,700	Silversea Cruises
2021	Ryndam	99,800	Holland America Line	Pinnacle class
2021	Discovery Princess	143,700	Princess Cruises	Royal class
2022		110,000	Virgin Cruises
2022		113,000	Cunard Line
2022		47,800	Viking Ocean Cruises
2022		140,000	Norwegian Cruise Line	Leonardo class
2022		47,800	Viking Ocean Cruises
2022		67,000	Oceania Cruises
2023		64,000	MSC Cruises
2023		175,000	Princess Cruises
2023		110,000	Virgin Voyages
2023		54,000	Regent Seven Seas Cruises
2023		140,000	Norwegian Cruise Line	Leonardo class
2023		169.380	MSC Cruises	Seaside Evo class
2023		47,800	Viking Ocean Cruises
2024	My ship 8	161,000	TUI Cruises
2024		64,000	MSC Cruises
2024		140,000	Norwegian Cruise Line	Leonardo class
2024		47,800	Viking Ocean Cruises
2025		47,800	Viking Ocean Cruises
2025		64,000	MSC Cruises
2025		175,000	Princess Cruises
2025		140,000	Norwegian Cruise Line	Leonardo class
2025		47,800	Viking Ocean Cruises
2025		67,000	Oceania Cruises
2026		47,800	Viking Ocean Cruises
2026	My ship 9	161,000	TUI Cruises
2026		64,000	MSC Cruises
2026		47,800	Viking Ocean Cruises
2026		140,000	Norwegian Cruise Line	Leonardo class
2027		140,000	Norwegian Cruise Line	Leonardo class
2027		47,800	Viking Ocean Cruises