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Orizzonti Sistemi Navali S.p.A.
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Fincantieri Marine Group LLC
Vard Group AS
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Monday, June 12, 2006
FINCANTIERI: MAXI ORDER FOR TWO SHIPS FROM COSTA CROCIERE
Fincantieri has won an order from Costa Crociere for two ships (one option) worth 840 million euros to the owner.
The 92,700-ton vessels will be built at Marghera (Venice) shipyard with delivery due in spring 2009 and autumn 2010.
Each ship will have a passenger capacity of 2,260 with 1,130 cabins available, of which 772 with a private balcony (68% of the total).
Fincantieri currently has five ships on order for Costa Crociere, including “Costa Concordia”, which will be delivered at the end of the month, and which, at 112,000 gross tons, is the largest passenger ship ever built for an Italian owner.
Commenting on the new order Giuseppe Bono, Fincantieri’s Chief Executive Officer said: “We are most pleased with this new success which further consolidates our position as world leader in the sector with a market share of nearly 50% as well as strengthening our already excellent relations with Costa Crociere. Over the last six months we have gained orders for a total of 14 vessels, most of which for the export market. This is an unrivalled commercial and industrial performance both in terms of product diversification, which ranges from cruise to naval vessels and includes one mega-yacht. In economic terms it amounts to approximately 5 billion euros and guarantees that our shipyards have a continuous workload for the whole of 2009”.
Pier Luigi Foschi, President and Chief Executive Officer of Costa Crociere added: “We have understood that for the European market it is necessary to have new, alternative itineraries, especially for clients who have already been on several cruises, and this means we have to balance the mix of our ships. The new Costa programs, which include cruises from Dubai for winter and spring 2006/2007 and a series of 13 cruises in the Far East scheduled for spring 2006 and 2007, have been well-received by our European cruisers, with departure dates fully booked in the space of just a few days. The new ships will enable us to diversify our cruise offer for European guests.”
Since 1990 Fincantieri has built 37 cruise ships and has a further 15 on order (including 3 options) for six different brands in the Carnival group. These 52 ships, considering current prices, have brought the company revenues of 21 billion dollars.
FINCANTIERI S.p.A. - Via Genova, 1 34121 - Trieste
Reg. Comp. TS - Reg. n. & Tax 00397130584 - VAT 00629440322 - Fully paid up share capital € 633.480.725,70
Company subject to the direction and coordination of Fintecna S.p.A.