Italy: Fincantieri Confirms Positive Operating Performance

Fincantieri acquired Euro 1,8 billion (approx $2.4 billion) in new orders during 2011, slightly down from Euro 1,9 billion in 2010.

In particular, orders were secured to build two large cruise ships for the Carnival Group (one for P&O Cruises and one for the Costa brand), and one super-luxury small cruise ship for Compagnie du Ponant, a French cruise line.

In the naval segment the subsidiary Orizzonte Sistemi Navali secured an order to build one landing ship logistics vessel for the National Navy of the Democratic and Popular Republic of Algeria, while the US subsidiary Fincantieri Marine Group won an order to build another Littoral Combat Ship (LCS) for the US Navy and another 21 smaller vessels for the US Coast Guard.

The US shipyards will also build two offshore platform supply vessels ordered by Tidewater, the world largest provider of services for the offshore energy industry.

Lastly, the repair and conversion business unit received euro 62 million in orders, while euro 136 million in orders were placed to the systems and components business unit.

(1 Euro = 1.3371 U.S. dollars)

[mappress]

Shipbuilding Tribune Staff, February 24, 2012; Image: fincantieri