FEBRUARY 29, 2016 — Reporting a net loss of NOK 1.29 billion ($148 million) for FY2015, the heavily offshore focused Vard Holdings today announced a diversification strategy aimed at preserving its core
JANUARY 27, 2016 — Fincantieri reports that it has signed a number of framework agreements with Iranian companies. It says these “preliminary understandings are prior to the accomplishment of several contracts worth
JANUARY 11, 2016 — Singapore listed shipbuilder Vard Holdings Limited, which is a 55.63% owned subsidiary of Fincantieri, reports that the first vessel was delivered January 8 from its newest shipyard, Vard
DECEMBER 30, 2015 — Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) reports that it has signed a memo of agreement with Italian shipbuilder Fincantieri S.p.A. to build four new cruise ships
It reported today that it has been notified that Petrobras Transportes S.A. (Transpetro) has terminated the contracts for two liquefied petroleum gas (LPG) carriers on order at 50.5% owned indirect subsidiary Vard Promar.
The vessels in question are the last two of a series of eight LPG carriers originally contracted at the Brazilian shipyard in June 2010, for delivery from Vard Promar between 2014 and 2016. The combined contract value for the series of eight vessels was $536 million.
The first of the eight vessels, the 8,000 cu.m Oscar Niemayer, was delivered this past July.
Singapore listed Vard, which is 55.63% controlled by Fincantieri, says that the construction of the two vessels that have now been canceled is “at a very early stage.”
Vard is currently reviewing its overall exposure to the Brazilian market, and it says that the termination of the contracts – if effective – is “expected to reduce the company’s overall exposure. At the same time, the company intends to claim compensation from Transpetro for damages in relation to the terminated contracts.”
Vard says the impact of the termination is not expected to have a material effect on the earnings per share of the Group for the financial year ending December 31, 2015.
1. Veteran, 80m Ice Class Ferry, Government of Newfoundland and Labrador, Damen Galati
The Veteran is part of a large “lifeline” vessel replacement program being undertaken by the Provincial Government to modernize its fleet.
2. Sally Fox, 105 ft Fast Ferry, King County, All American Marine
Sally Fox is the first U.S. Coast Guard Sub-chapter “K” inspected passenger vessel built and delivered under new fire safety guidelines.
3. Baynes Sound Connector, Longest Cable Ferry, BC Ferries, Seaspan Vancouver Shipyards
BC Ferries’ cable ferry, the 150-passenger, 50-vehicle Baynes Sound Connector is the longest cable ferry in operation today.
4. Texelstroom, CNG Hybrid Ferry, TESO, LaNaval
The ferry will operate mainly on natural gas stored in two batteries of compressed natural gas (CNG) bottles installed on the top deck.
5. Ampere, Electric Ferry, Norled, Fjellstrand
Norled’s Ampere is the world’s first battery powered electric car and passenger ferry.
6. Mein Schiff 4, 99,500 grt Cruise Ship, TUI Cruises, Meyer Turku
Designed for the German premium-class cruise market, the 99,500 gt Mein Schiff 4 is 294 m long and 36 m wide and has a total of 1,253 cabins.
7. Samish, 144-Car Ferry, Washington State Ferries, Vigor Industrial
Designed by Seattle-based Guido Perla & Associates, Inc., the Samish is the second in the Olympic Class vessels being built for WSF. The 362 ft ferries have a capacity of 144 cars and 1,500 passengers.
8. F.A. Gauthier, First LNG Ferry for North America, STQ, Fincantieri
The ship’s integrated diesel electric propulsion system has four Wärtsilä 12V34DF dual-fuel generating sets. that can run on either LNG or MDO Gas – LNG) or marine diesel oil (MDO).
9. Viking Star, 48,000 grt Cruise Ship, Viking Ocean Cruises, Fincanitieri
The Viking Star is the first of the three 48,000 grt, 930 passenger cruise ships on order for the line at Fincantieri’s Marghera, Italy, shipyard.
10. Oscar B., 115 ft Ferry, Wakiakum County, Nichols Brothers Boat Builders
Designed by Seattle’s Elliott Bay Design Group the steel-hulled, aluminum superstructured vessel has been built for Wahkiakum County, Washington State as a replacement for the ferry Wahkiakum.
ABB’s delivery will also include generators, main switchboards, a remote control system and distribution transformers.
One of the ships is for Carnival Corporation’s Holland America Line brand and will 99,500 gt, 2,650 passenger sister ship to Koningsdam, currently under construction at the Fincantieri shipyard. It will be delivered in fourth quarter 2018.The other is Carnival Cruise Line’s 3,954-passenger a sister ship to Carnival Vista. It is set for delivery for in first quarter 2018 and will be the line’s twenty-sixth ship
“We are pleased to continue our collaboration with Fincantieri, which is known as one of the world’s leading cruise ship builders. Longstanding customer relationships with leading shipyards such as Fincantieri are testament to our continued dedication to quality and customer value,” says Heikki Soljama, managing director for ABB’s Marine and Ports business.
The collaboration between ABB and Fincantieri spans over 25 years: ABB’s first electric propulsion delivery to Fincantieri was for a Carnival cruise ship in 1990. Since then, 14 ships built by Fincantieri have been equipped with ABB’s Azipod propulsion. Twenty-four of Carnival Corporation’s ships are equipped with Azipod propulsion.
OCTOBER 28, 2015 – Fincantieri has selected Intergraph Smart Yard to improve the execution of international large-scale cruise, military and merchant shipbuilding projects. Smart Yard is Intergraph’s flagship solution for a single,
AUGUST 7, 2015—Shipbuilder Fincantieri Marine Group LLC, Washington, DC, and naval architectural firm Gibbs & Cox, Inc., Arlington, VA, have announced a joint strategic R&D initiative to develop future ship and vessel
JUNE 27, 2015—Viking Ocean Cruises’ second ship—the 930-passenger Viking Sea—was “floated out” at traditional ceremony on June 25, at Fincantieri’s Ancona shipyard in Italy—little more than a month after the new ocean