Independent journal on economy and transport policy
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Fincantieri Marine Group has obtained two contracts from US Navy
VARD has returned note the cancellation of a contract of shipbuilding with Rem Offshore
June 28, 2016
the American Fincantieri Marine Group (FMG), company of the navalmeccanico group Italian Fincantieri, has obtained from US Naval Sea Systems Command two contracts for the realization of activity of planning and relative analyses to unit of the type Landing Craft-Utility (LCU) and to a new class of Towing, Salvage and Rescue Ship (T-ATS (X)). Relatively to future units LCU the contract previews among other things the location of technical solutions in order to reduce the costs of acquisition and exercise, while for ships ATS (X) is previewed the modification of the current plan of the destined units to commercial scopes in order to adapt them to fixed requirement from American Marina.
While Norwegian VARD, also it society of the Fincantieri group, has returned note the cancellation of a contract of shipbuilding with the compatriot Rem Offshore whom signed in june 2014 for the realization of an Offshore Constructioin and Anchor Handling Vessel. The ship, whose delivery was established initially for the first trimester of 2016 and successively sent back to the first trimester of 2018, is currently in the starting phase of the construction. The revocation of the contract involves an indemnification regarding VARD. The cancellation of the contact with VARD takes part of the plan of restructure of the debit of the Rem Offshore who yesterday, relatively to the more important elements of the program, has obtained the green light of the credit institutions. The plan previews to improve the liquidity of the society of approximately 3,6 billion Norwegian crowns over three financial years and means and to clearly reduce its indebtedness of approximately 900 million Norwegian crowns within the end of 2019.
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