Italian shipbuilder Fincantieri reports positive nine-month results amid pandemic


By UnreguserLi Jie

ROME, Nov. 12 (Xinhua) -- Italian shipbuilder Fincantieri has delivered its 100th cruise ship and posted revenues of 3.5 billion euros (4.1 billion U.S. dollars) in spite of the COVID-19 pandemic, the company said Thursday in a statement detailing its nine-month results.

Third-quarter revenues showed a recovery in production activities "broadly in line with a pre-COVID-19 performance", the company said, adding it has a total backlog of 36.8 billion euros, almost 6.3 times its 2019 revenues.

Fincantieri said it delivered two cruise ships from the company's Italian shipyards amid the emergency -- the "Enchanted Princess" built for Princess Cruises, a Carnival Corporation brand, and the "Silver Moon", for Silversea Cruises, a Royal Caribbean Group brand.

Fincantieri also noted it will supply Shanghai Waigaoqiao Shipbuilding Co. Ltd with 2,800 cruise ship cabins for a vessel under construction, a part of its ongoing engagement in the Chinese market.

In November last year, Fincantieri celebrated the float out of the second of two cruise ships it built and designed specifically for the Chinese market, the Costa Firenze.

With over 230 years of history and over 7,000 vessels built, Fincantieri has 18 shipyards operating in four continents and nearly 20,000 employees. (1 euro = 1.18 U.S. dollars)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In World

Hunger threatens Lebanon if leaders don't act, UK minister warns
In parting shot, Pompeo rebukes Turkey at NATO meeting
U.S. pandemic death toll mounts as danger season approaches
Ethiopia's war still churns, but relief aid coming
French police union calls for charges against Black man whose beating by police sparked outcry
Lebanese crisis deepens Syrian refugee misery
Russia orders U.S. rights worker to leave on national security grounds - spokeswoman
EU regulators talking to UK about Pfizer vaccine, WHO expert says
How COVID upended life as we knew it in a matter of weeks
WHO looks at possible 'e-vaccination certificates' for travel

Stories You'll Enjoy