Investing 300 million yuan! Another shipbuilding giant expands its shipyard.

Recently, Italy's shipbuilding group Fincantieri officially signed the concession agreement for the Port of Ancona with the Central Adriatic Sea Port System Authority, marking the start of the Ancona shipyard expansion project.

Through this agreement, Fincantieri will gain access to an area exceeding 314,000 square meters at the Port of Ancona, encompassing both land and water areas, as well as the port’s existing facilities. The concession agreement is valid until the end of 2064, enabling Fincantieri to expand and strengthen its shipbuilding operations in the region.

With the franchise agreement now in effect, Fincantieri has pledged to implement a large-scale modernization and development plan for the Ancona shipyard, with total investments expected to reach approximately €40 million (about RMB 327 million). The goal is to revitalize the Ancona shipyard, located in the Marche region, making it more competitive in the field of large naval vessel construction.

This move marks a new milestone in the joint journey Fincantieri and the Port Authority have been advancing since signing their agreement in November 2023, as both parties remain committed to driving growth and innovation in Ancona Port's shipbuilding operations. The concession agreement underscores their shared ambition to elevate the strategic positioning of both the port and the shipyard, further strengthening their contributions to regional economic development and Italy’s thriving shipbuilding industry.

Fincantieri CEO and General Manager Pierroberto Folgiero stated: "The signing of the concession agreement is of fundamental importance for the future of the Ancona shipyard—and indeed, for Italy's entire shipbuilding industry. Investing in Ancona means investing in the nation's leading capability for innovation and global competitiveness. Through our development plan, we aim to transform the Ancona shipyard into a center of excellence, seamlessly blending tradition with cutting-edge technology to create value not only for the local community but also across the entire supply chain. We are committed to working hand-in-hand with the Port Authority and local institutions to jointly shape a sustainable, state-of-the-art future for Italy's shipbuilding sector."

Vincenzo Garofalo, Chairman of the Central Adriatic Port System Authority, stated: "This agreement marks the realization of Fincantieri's long-term plan for the Port of Ancona. It signifies sustained employment, innovation, and opportunity—continuing to provide crucial support for the entrepreneurial ecosystem in the Marche region and central Italy. Meanwhile, the Ancona shipyard will remain a vital pillar of the local economy. The cruise shipbuilding industry, particularly in areas where the Ancona shipyard excels, is steadily growing stronger, driving significant environmental advancements while also redefining onboard experiences. This unique capability stands as another global exemplar of the exceptional quality that defines 'Made in Italy,' capturing the world's attention and inspiring innovation across the industry."

It is understood that Fincantieri is one of the world's largest shipbuilding groups and the only player actively involved in all high-complexity maritime industry sectors. The Fincantieri Group holds a leading position in the construction of cruise ships, military vessels, and offshore engineering vessels. Leveraging the localized application of its high-value-added, specialized technologies, the group has established a strong foothold in key markets while simultaneously driving sustainable innovation and digital transformation in the shipbuilding industry.

Fincantieri boasts over 230 years of history and has built more than 7,000 vessels. As a global industry leader, the company operates a production network spanning 18 shipyards worldwide, employing a total workforce of over 23,000 people. Fincantieri’s core technologies, specialized expertise, and management centers are all based in Italy, where it directly employs more than 12,000 individuals while also supporting approximately 90,000 indirect jobs.

As of September 30, 2025, Fincantieri’s order book reached €61.1 billion (approximately RMB 504.281 billion), equivalent to 7.5 times its 2024 revenue—marking yet another all-time high. Of this total, €41 billion represents firmly confirmed orders, up 32% year-on-year, with a combined 100 new ships currently under construction and scheduled for delivery as late as 2036. Additionally, the company holds an impressive backlog of €20.1 billion in potential future orders.