Fincantieri’s Bid for STX France Viewed Favorably by French Government

FILE PHOTO Shipbuilders ride past a giant poster November 9, 2016 at the STX Les Chantiers de l'Atlantique shipyard site in Saint-Nazaire, western France. REUTERS/Stephane Mahe/File Photo

FILE PHOTO Shipbuilders ride past a giant poster November 9, 2016 at the STX Les Chantiers de l’Atlantique shipyard site in Saint-Nazaire, western France. REUTERS/Stephane Mahe/File Photo

By Emmanuel Jarry

PARIS, Jan 4 (Reuters) – A leading French minister expressed support on Wednesday for a bid by Italy’s Fincantieri’s for shipbuilder STX France, adding that the government would aim to keep the shipbuilder’s main site running at Saint Nazaire.

“We said we wanted a European, industrial company … Fincantieri is a European, industrial company. So it would be hard for us to say ‘no’ to them,” French Industry Minister Christophe Sirugue told RMC Radio.

The sale of STX France, which specialises in building cruise ships at the Saint-Nazaire shipyard and is profitable, forms part of a broader sell-off of businesses following the demise of the South Korean STX shipbuilding group.

The French state owns 33 percent of STX France, and Sirugue said the government was keen to keep the Saint Nazaire site in the west of the country.

Italy’s 230-year old Fincantieri makes a wide range of vessels from cruise ships to military aircraft carriers, and acquiring STX France would boost its presence in the cruise shipbuilding part of the market.

Sirugue said France wanted state-controlled military shipbuilder DCNS, in which Thales holds around 35 percent, to take a minority stake in STX France that would definitely be below 50 percent of the company.

Saint Nazaire’s high point last year was production of the largest passenger ship ever built, the ‘Harmony of the Seas’. (Reporting by Emmanuel Jarry; Writing by Sudip Kar-Gupta; Editing by Richard Balmforth)

Fourth Viking Ocean Cruises ship floated out

Image result for Viking Sun float out

Viking Ocean Cruises’ fourth ship has been floated out a year before its planned debut.

The 930-passenger Viking Sun is under construction at Fincantieri’s Ancona shipyard in Italy.

The vessel is due to enter service in late 2017 in the Caribbean before undertaking a 141-day world cruise covering 35 countries and 66 ports.

Yi Lou, vice president of China Merchant Bank Financial Leasing (CMBFL), served as Viking Sun’s madrina during the float out ceremony.

Viking Cruises chairman Torstein Hagen said: “It is always a proud moment for the entire Viking family when a new ship meets water for the first time.

“CMBFL is an important partner, and we wanted to honour our relationship by naming one of their executives as madrina to our newest ship.”

MSC hails strength of UK market as first Seaside ship floated out

 MSC hails strength of UK market as first Seaside ship floated out

Click the image for a unique video of how she is looking at the float out.

MSC Cruises has celebrated the ‘float out’ of its newest ship MSC Seaside as UK sales show ‘strength’.

The first of the cruise line’s new Seaside-class ships transferred from dry to wet dock at the Fincantieri Monfalcone shipyard in Trieste, Italy, at the weekend.

Speaking at the event, UK managing director Antonio Paradiso said he was pleased with the strong response the operator was already seeing from the British market.

“This is another exciting milestone in our ambitious expansion plans as we see the second of our 11 next-generation ships entering the final stages of her construction.

“MSC Seaside has been specifically designed to provide our guests with a unique onboard experience in warmer regions.

“The UK market is very important and we are delighted with the strength of sales for MSC Seaside so far. The Caribbean continues to be an ever popular destination for UK holidaymakers.”

The ship, which will launch in December 2017, will homeport in Miami and complete year round sailing in the Caribbean.

At 323 metres long the ship will feature a maximum capacity of 5,179 guests on completion and is the first of two identical ships in the Seaside generation. Her sister ship MSC Seaview will enter service in spring 2018.