Tuesday, November 25, 2008

Fincanteri falters with cruise ship order delays

Italian cruise ship builder Fincantieri has admitted that several cruise ship buyers have requested for a slowdown of delivery dates.

The state shipbuilder, which cited the weak dollar and high cost of raw materials as the reasons for the order delays, said that it had also lost a major superyacht order. The Uilm metalworkers’ union said that the Muggiano, Castellamare di Stabi, Sestri Ponente and Ancona shipyards would be affected. Furthermore, Fincantieri now fears that two ships that were to be ordered by Grimaldi might not take place at all. Military orders on the other hand continue to thrive. Fincantieri recently received a number of military orders and will takeover the US military shipbuilder Manitowoc by the end of this year.
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