Home' Ships and Shipping : May 2011 Contents During 2010, Fincantieri secured
7 1,912 million (US$2,690 million)
in new orders, slightly higher than
the 2009 figure of 7 1,758 million,
but well below the 2008 amount
of 7 2,528 million and even further
below the record 7 4,238 million
The group has experienced depressed
demand for new ships in all its sectors of
operation since 2009.
Revenues were twelve percent down on
2009 at 72,876 million, the result of less
production activity than in the prior year.
EBITDA came to 7 179 million, with a
margin of 6.2 percent (versus 3.8 percent
Result before non-recurring and
extraordinary expenses was a profit of
7 53 million, up from the prior year
figure of 724 million, largely due to a
significant contribution from the group's
The net result for the year was a loss of
7124 million, a deterioration on the loss
of 764 million in 2009.
Deltamarin and Wärtsilä unveil new ferry designs
In October 2010, Wärtsilä and Deltamarin announced that
the two companies were cooperating to develop a series of
ferry designs. The "integrated modular customised" (IMC)
designs have now been unveiled.
Ferries are traditionally expensive to build for a number of
reasons, but primarily because it is not feasible for them to be
standardised. In essence, each ferry is custom designed, and they
represent less than one percent of the world's shipping fleet.
Similarly, operational costs tend to be high because of the
regional and seasonal nature of the business, and as a result of
port and weather restrictions.
Thus the modular approach. Deltamarin has developed its
own "parametric design" method for ships, which splits the
design into pure cost elements and revenue generating aspects.
This method opens the possibility for modularisation of
construction, machinery, large equipment and onboard systems.
The IMC designs will be prepared for conventional as well as
future fuels, including LNG.
The 130,000-tonne 'Carnival Magic', Carnival Cruise Lines'
newest ship, has completed sea trials in the Adriatic Sea in
preparation for its May 1 debut from Europe.
Currently under construction at the Fincantieri shipyard in
Monfalcone, Italy, the 3,690-passenger shp had a full contingent
of officers, technicians and engineers on board who thoroughly
tested the 'Carnival Magic's' navigation and mechanical systems.
Following sea trials, 'Carnival Magic' returned to Monfalcone,
where she is undergoing final interior outfitting prior to its
delivery late next month.
The "integrated modular customised" (IMC) designs
Fincantieri delivered the 'Queen Elizabeth' (or
'QEII') to Cunard last year. She was built at the
Monfalcone Shipyard. Nevertheless, group revenues
were down twelve percent on 2009 figures
Losses mount at Fincantieri: Prospects not encouraging
'Carnival Magic' completes sea trials in Adriatic
And still they come... the new, 3,690-passenger cruise ship at sea trials
SHIPS AND SHIPPING May 2011 21
CRUISE SHIP AND PASSENGER VESSEL NEWS
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