Photo: Fincantieri – Cantieri Navali Italiani S.p.A.
Photo: STX Europe
Fincantieri has 15 passenger ships on order or under construction.
market contacts of the STX Business Group
and six in the Musica-class series, would
to pursue new project opportunities.
be built at the yard in Saint- Nazaire and
delivered in February 2011 and February
DELIVERIES GALORE
2012 respectively.
The third quarter saw a host of contracts
The cruise ferry Baltic Princess – the
and deliveries for STX Europe. STX Europe
fourth sophisticated cruise ferry STX Eu-
and P&O
rope has made for Tallink – was delivered
Ferries signed a contract for build-
during the quarter also. The production
ing two large carpassenger ferries, with
of a fifth cruise ferry is proceeding in the
a total contract price for both vessels of
Rauma yard for delivery in 2009.
approximately EUR 360 million. The vessels will be built in Rauma with delivery in
rope believes that the high order backlog
Already in March 2008, the company announced the start of a dialogue with
2010 and 2011, respectively.
Royal Caribbean aiming at establishing an
will serve as an anchor. Furthermore, the
Also during the quarter, STX Europe
agreement for a fourth cruise ship in the
company will focus on internal improve-
announced a contract with MSC Cruises
Freedom class. This dialogue with RCCL
ments of productivity and margins.
for two cruise ships of Musica-class. The
continues as no deal could be reached by
contract is still subject to financing and
the end of the year, as the Turku shipyard
for that reason the two vessels are not in-
was hoping.
Executing existing projects predictably will be a key priority.
In addition, STX Europe wants to use
cluded in the order intake or backlog for
its market position and designs for effec-
the third quarter. If the project is executed,
LANDTMAN RETURNS
tive ships in combination with the global
the vessels, which would be number five
During the third quarter, shipyard veteran
seatec 1/2009
9