Vard
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.
Founded in 1959 as Società Finanziaria Cantieri Navali – Fincantieri S.p.A. as a State financial holding company, 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.
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.
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.
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.
On 2 February 2018, Fincantieri announced an agreement for 50 percent of STX France valued at 59.7 million euro.
In March 2018, Fincantieri established Fincantieri Services USA – a subsidiary based in Miami, Florida, USA.
In 2024, as part of a framework for strengthening European Defence, including Naval Defence, Fincantieri took over from Leonardo, the naval armaments sector of Wass (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. The capital increase operation is successfully completed on 11 July 2024.
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.
On July 1, 2024, Fincantieri's share price gains +10.8%. On July 11, 2024, the stock closes the trading day, completing the capital increase at a price of €4,898 +1.43% and Fincantieri has a market cap of $1.16 Billion.
Ships built at Fincantieri (selection)
- 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 Splendor (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 Freedom (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
- 2014 – F.-A.-Gauthier (16,000 GT) for Société des traversiers du Québec
- 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 – Silver Muse (40,700 GT) for Silversea 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 – MSC Seaview (153,516 GT) for MSC Cruises
- 2018 – MV Viking Orion (47,800 GT) for Viking Ocean Cruises
- 2019 – Sky Princess (143,700 GT) for Princess Cruises
- 2019 – Costa Venezia (135,500 GT) for Costa Crociere
- 2019 – MV Viking Jupiter (47,800 GT) for Viking Ocean Cruises
- 2019 – Carnival Panorama (133,500 GT) for Carnival Cruise Line
- 2020 – Costa Firenze (135,500 GT) for Costa Crociere
- 2020 – Enchanted Princess (143.700 GT) for Princess Cruises
- 2020 – Seven Seas Splendor (54,000 GT) for Regent Seven Seas Cruises
- 2020 – Scarlet Lady (110,000 GT) for Virgin Voyages
- 2021 – MV Viking Venus (47,800 GT) for Viking Ocean Cruises
- 2021 – MSC Seashore (169,380 GT) for MSC Cruises
- 2021 – Valiant Lady (110,000 GT) for Virgin Voyages
- 2021 – Rotterdam (99,500 GT) for Holland America Line
- 2022 – MV Mark W. Barker (26,000 GT) Interlake Steamship Company
- 2022 – Discovery Princess (143,700 GT) for Princess Cruises
- 2022 – MV Viking Mars (47,800 GT) for Viking Ocean Cruises
- 2022 – Resilient Lady (110,000 GT) for Virgin Voyages
- 2022 – MS Queen Anne (113,300 GT) for Cunard Line
- 2022 – MSC Seascape (169,380 GT) for MSC Cruises
- 2022 – Norwegian Prima I (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 – Explora I (64,000 GT) for Explora Journeys
- 2023 – MS Sun Princess (2023) I (175,000 GT) for Princess Cruises
- 2024 – Brilliant Lady (110,000 GT) for Virgin Voyages
- 2024 – Explora 2 (64,000 GT) for Explora Journeys
- 2024 – Project Leonardo III (140,000 GT) for Norwegian Cruise Line
- 2025 – Explora 3 (64,000 GT) for Explora Journeys
- 2025 – Sphere-class cruise ship II (175,000 GT) for Princess Cruises
- 2025 – Project Leonardo IV (140,000 GT) for Norwegian Cruise Line
- 2026 – Explora 4 (64,000 GT) for Explora Journeys
- 2026 – Project Leonardo V (140,000 GT) for Norwegian Cruise Line
- 2027 – Project Leonardo VI (140,000 GT) for Norwegian Cruise Line
List of shipyards
Cruise and ferry
Monfalcone shipyards (located at Monfalcone, Gorizia)- Marghera shipyards (located at Marghera, Venice)
- Ancona shipyards (located at Ancona)
- Sestri Ponente shipyards (located at Genova)
VARD Søviknes Shipyard
Military ships
- 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)
Offshore and specialty vessels
- VARD Brattvåg shipyard
- VARD Langsten shipyards
VARD Brăila shipyards- VARD Tulcea shipyards
VARD Promar shipyard
VARD Vũng Tàu shipyard
Service
- Palermo shipyards (located at Palermo)
- Trieste shipyards (located at Trieste)
- Sturgeon Bay shipyard (located at Wisconsin)
