Fincantieri, one of the largest shipbuilding groups in the world, is showing its strong commitment in the offshore market, not only through its new subsidiary VARD (previously known as STX OSV), but also by providing the market with the next generation of drillship: the “OVERDRILL design” which will put the drilling contractors in condition to drill to an overall max depth of 50.000ft.
The OVERDRILL design, which has been developed by Fincantieri in cooperation with Aker Solutions, incorporates perfectly Fincantieri Offshore’s mission to offer vessels born and designed around the drilling system, maximizing its integration with the hull. Aker Solutions has supported the development of the new Fincantieri Offshore’s design based on its experience as a supplier of high quality drilling equipment and services.

"Regal Princess”, the new flagship of the Princess Cruises fleet owned by the Carnival Group, the world's largest cruise ship operator, was launched today at Fincantieri’s Monfalcone shipyard.
Delivery is scheduled for spring 2014, while its sister ship, “Royal Princess”, launched last august, will be delivered in the first half of this year.

Yesterday, at Fincantieri’s shipyard in Riva Trigoso (Sestri Levante, Genoa), there was the ceremony to mark the cutting of the first sheeting for the sixth Fremm vessel.
This is a further step in the European Multi Mission Frigate construction program, the most important joint initiative to date among European industries in the Naval Defence field.

• Profit for the year in excess of euro 15 million (euro 9 million in 2011);
• EBITDA at euro 137 million (euro 138 million in 2011) with a margin of 5.7%;
• Revenues at euro 2,385 million (euro 2,382 million in 2011);
• Positive net financial position of euro 480 million (euro 166 million in 2011), with available cash of euro 692 million;
• Order portfolio at euro 7,817 million (euro 8,361 million in 2011).

Fincantieri, through its wholly owned subsidiary Fincantieri Oil & Gas S.p.A., has successfully completed the acquisition of 50.75% of STX OSV from STX Europe, at a price of SGD 1.22 per share, totalling approximately Euro 455 million (approximately SGD 730 million).

"Abu Dhabi" ASW corvette and "Ghantut" FALAJ2 patrol vessel

The delivery ceremony of two vessels for the United Arab Emirates Navy was held today at the Fincantieri shipyard in Muggiano (La Spezia).
These were an "Abu Dhabi Class" corvette, launched in February 2011, and the "Ghantut" patrol vessel, launched at the same yard in January 2012.