Monday, November 29, 2021

Fincantieri back in the black after cruise re-start

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Shipbuilding giant back in profit and expecting to deliver six cruiseship newbuildings this year.

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Italian shipbuilder Fincantieri posted a $8.3m profit for the first six months of 2021, in stark contrast to its $137 loss for the same period last year.

The company said the pandemic has severely affected the cruise business, but it now expects to deliver six cruiseships to Virgin Voyages, MSC Cruises, Carnival’s Holland America Line, Royal Caribbean Group’s Silversea Cruises, Ponant and Viking Cruises following the cruise re-start.

“The resumption of cruise operations, along with the growing booking trend and the confidence in the main cruise companies demonstrated by the financial markets, shows yet again the sector’s resilience,” Fincantieri said.

“Indeed, most cruise operators witnessed an increase in bookings, a trend that is not just consistent with historical ones, but for some operators is actually higher.”

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