NOVEMBER 2, 2016 — Back in March, Fincantieri, signed an exclusive cooperation agreement with Huarun Dadong Dockyard (HRDD), the leading Chinese shipyard specialized in ship repair.
Development of this cooperation framework has continued and the parties have now signed a comprehensive agreement that further details and completes the terms of their collaboration.
The agreement now includes the joint technical management of ship repair, dry-docking and conversion work on cruise liners and paves the way for the first project.
Fincantieri is constantly focused on the development of the markets and the agreement is therefore framed in the strategy of emerging markets penetration.
Today at least 13 cruise ships of western companies already operate regularly in China and the need on-site services that the partnership is able to offer. This is set to grow, as the cruise industry is developing very rapidly in China and over the next ten years will enlarge significantly. At the same time, the demand of the industry for adequate shipyard facilities with the capability for cruise repair and refitting work is constantly increasing.
HRDD, with its modern facilities located near the new Cruise Terminal of Shanghai, has a rich experience and skilled resources which make it particularly suitable for cruise ship projects. Fincantieri, through its dedicated Ship Repair and Conversion business unit, will provide its technical knowledge, together with support in project management and logistic procedures which, combined with the first class shipyard facilities of HRDD, are now offering expert and reliable service to the Chinese cruise sector.