Fincantieri Changes Course on Repair Business

Fincantieri has decided not to exercise its option to acquire majority ownership of Lloyd Werft in Bremerhaven, according to a spokesperson. Fincantieri has held a 21 percent stake in Lloyd Werft since 2006, with an option to expand that to 51 percent. The option expired Dec. 31, 2008.

Ownership of Lloyd Werft was seen as part of Fincantieri’s strategy to gain a bigger footprint in the cruise-ship repair and refurbishment business with the German yard in Northern Europe in addition to Fincantieri’s Palermo yard in the Mediterranean. Fincantieri has previously also been considering acquiring an interest in the Grand Bahama Shipyard.

While Fincantieri will continue is cooperation with Lloyd Werft and repair and refurbish cruise ships in Palermo, its latest expansion is instead into navy shipbuilding projects with is acquisition of Manitowoc on the Great Lakes.

Cruise Industry News Email Alerts

Cruise Industry News Email Alerts

 

EMAIL NEWSLETTER

Get the latest breaking cruise newsSign up.

CRUISE SHIP ORDERBOOK

51 Ships | 109,838 Berths | $35 Billion | View

New 2024 Drydock REPORT

Highlights:

  • Mkt. Overview
  • Record Year
  • Refit Schedule
  • 120 Pages
  • PDF Download
  • Order Today
New 2024 Annual Report

Highlights:

  • 2033 Industry Outlook 
  • All Operators
  • Easy to Use
  • Pre-Order Offer
  • Order Today