Saipem and Fincantieri Form Subsea Alliance
Saipem and Fincantieri have signed a memorandum of understanding (MoU) to evaluate commercial and industrial opportunities for cooperation in the field of autonomous subsea vehicles (AUV) and their integration with surface and underwater units.The MoU is among the initiatives aimed at promoting and developing Italy’s national excellence in the underwater sector.The agreement aims to enable the two companies to participate in major programs in the Italian and international markets in the area of surveillance and control of critical underwater infrastructure and rescue activities, through the use
Fincantieri and EDGE to Launch JV for Naval Vessels Construction
EDGE Group, a United Arab Emirates-based advanced technology and defense group, and Fincantieri, one of the largest shipbuilders in the world, have entered into a term sheet aimed at creating a joint venture (JV) that will focus on the manufacturing of a broad range of sophisticated naval vessels.EDGE will hold a 51% stake in the venture, which has a commercial pipeline valued at approximately $32.4 billion (€30 billion), with management direction provided by Fincantieri.The Abu Dhabi-based JV will be awarded prime rights to non-NATO orders, especially leveraging on the attractiveness of UAE G2G
Fincantieri Cuts Steel for Italian Navy's New Oceanographic Ship
Italian shipbuilding group Fincantieri held a steel cutting ceremony to mark the start of construction on a new Hydro-Oceanographic Ship (N.I.O.M.) for the Italian Navy.Scheduled for delivery from the integrated shipyard in Riva Trigoso-Muggiano in 2026, the new vessel is intended for mapping and scientific monitoring activities, as well as in support of the initiatives of the Hydrographic Institute, took place today at the Riva Trigoso shipyard.The ship will feature technologies to contain emissions, a diesel-electric propulsion system to optimize fuel consumption and hull shapes to reduce drag.
Fincantieri Set to Acquire Remazel Engineering
Fincantieri has set the main terms and conditions for the acquisition of 100% of the shares of Remazel Engineering S.p.A. from Advanced Technology Industrial Group S.A. Remazel is a leader specialized in the design and supply of highly customized and complex topside equipment.The transaction enables Fincantieri to acquire highly specialized capabilities in the design and supply of cutting-edge top side equipment, while increasing its role as partner of the major international marine and subsea energy operators. With Remazel, Fincantieri strengthens its offer of end-to-end solutions consolidating its
Fincantieri, Leonardo Team for Subsea Solutions
A Memorandum Of Understanding signed to define initiatives and developments related to systems, including underwater drones, for the protection of critical underwater infrastructure.Fincantieri and Leonardo signed a Memorandum of Understanding (MOU) in the diving domain, with the aim of pooling their respective skills and capabilities in the sector. The initiative was also born with the establishment of the National Diving Center, the Italian center designed to strengthen research and innovation in the underwater environment.The signature took place between the CEOs of the two companies, Pierroberto
Fincantieri, CABI ink pact on Subsea Warfare Vehicles
Fincantieri and C.A.B.I. Cattaneo (CABI), a company in the design, development and supply of underwater vehicles for the Special Forces of the Navy, have signed a Memorandum of Understanding (MoU) for the evaluation of commercial and industrial cooperation in the field of underwater vehicles and related integration with larger units.The agreement was signed in the presence of Admiral Enrico Credendino, Chief of Staff of the Navy, by Pierroberto Folgiero and Alberto Villa, respectively Chief Executive Officer of Fincantieri and CABI.The MoU will make it possible to integrate underwater
Vard to Build Second Cable Layer for Prysmian Group
VARD, a subsidiary of the Italian shipbuilding group Fincantieri, said it has won a contract worth approximately €200 million ($205.3 million) to design and build a new cable laying vessel for Prysmian Group.Scheduled for delivery in the first quarter of 2025, the new vessel will be similar to Leonardo da Vinci, which was delivered from VARD to Italy-based Prysmian in 2021. Once operational, the new vessel will be dedicated to the execution of important projects such: as Dominion Energy, the largest submarine cabling project ever secured by Prysmian in the USA; the Neuconnect Energy Link project
New Product: SeaQ Remote for Autonomous Ship Ops
vessels contracted with shipbuilder VARD, is designed to unify the SeaQ suite of automation systems into a single user interface with the full range of remote functionality from shore.“We are now investing heavily in autonomous technology and digitalization, supported by synergies in the wider Fincantieri group, in line with market demands for cost-efficient and green operations, capitalizing on our long and proven experience in the shipbuilding industry,” said Vard Electro’s CEO Andrea Qualizza.Accoding to the developers, SeaQ Remote extends smart data-driven functionality to operational
Prysmian Takes Delivery of High-tech Cable Layer Leonardo da Vinci
to the execution of other important projects such as the submarine power interconnection between the Spanish islands Lanzarote and Fuerteventura and the Saint Nazaire offshore wind farm in France. An official launching ceremony will be held for the vessel by the second quarter of 2022.Built by Fincantieri subsidiary the Vard Group in Vard Tulcea, Romania and Brattvåg, Norway, with a length of approximately 170 meters and a breadth of about 34 meters, Leonardo da Vinci boasts deep water installation capabilities for depths of more than 3,000 meters. The ship features a new generation cable
February 2024
