The Castoro Sei ( Italian for Beaver Six ) was a column-stabilized semi-submersible pipelay vessel. She had an overall length of 152 metres (499 ft), a width of 70.5 metres (231 ft) and an operating draught of 7.8 to 15.5 metres (26 to 51 ft).
45-543: The Castoro Sei was equipped with 2 rotating gantry cranes of 134 tonnes capacity, three 130 tonnes pipe tensioners and a 400 tonnes abandon and recovery winch for pipelaying. She provided accommodation for 354 people. The firing line comprises the fixed pipelay ramp, enclosed in the central housing, running along the longitudinal centreline of the vessel. It is connected to an internal and external ramp, both of which have adjustable inclination to facilitate pipelay in varying water depths. A ramp extension unit
90-485: A State financial holding company, part of IRI , the company became a separate entity in 1984. Fincantieri employs a staff of about 10,000 workers at eight shipyards, two design centres, one research centre and two production sites for mechanical components. Another 10,000 people contribute to its supply chains. The shipyards of Monfalcone ( Gorizia ), Marghera ( Venice ), Sestri Ponente ( Genoa ), Ancona , Castellammare di Stabia ( Naples ) and Palermo report to
135-532: A combined fleet of over ninety vessels across nine cruise line brands and one joint venture with China State Shipbuilding Corporation (CSSC). A dual-listed company , Carnival is composed of the Panama -incorporated, US-headquartered Carnival Corporation, and UK-based Carnival plc, which function as one entity. Carnival Corporation is listed on the New York Stock Exchange , whereas Carnival plc
180-449: A framework for strengthening European Defence , including Naval Defence, Fincantieri took over from Leonardo , the naval armaments sector of Wass (Whitehead Alenia sistemi subaquei), to complete the acquisition Fincantieri made a grouping of 10 to 1 of the shares and carried out a capital increase with the issue of new shares worth 400 million euros. The capital increase operation is successfully completed on 11 July 2024. In June 2024,
225-416: A maxi contract worth over 2 billion euros for three cruise ships with almost 230 thousand gross tons to be delivered in 2029, 2031 and 2033 respectively. On 30 July 2024, in the half-yearly report, Fincantieri confirmed orders for 7.6 billion euros, compared to 2.1 billion in the first half of 2023, and higher than the figure for the whole of 2023 (6.6 billion). On 5 August 2024, The Italian Navy has ordered
270-610: A merger with Royal Caribbean Cruises Ltd . The deal unraveled as Carnival Corporation initiated a hostile takeover with improved terms for British shareholders. Carnival sold Windstar Cruises to Ambassadors Group in February 2007 and Swan Hellenic to Lord Sterling in March 2007. In October 2015, CSSC Carnival Cruise Shipping , a joint venture between Carnival, the China Investment Corporation , and
315-436: A new patrol vessel worth approximately 236 million euros from Orizzonte Sistemi Navali, the joint venture active in the defense business between Fincantieri (51%) and Leonardo (49%). 45°38′08.08″N 13°46′32.56″E / 45.6355778°N 13.7757111°E / 45.6355778; 13.7757111 Carnival Corporation %26 plc Carnival Corporation & plc is a British and American cruise operator with
360-542: A separate company, listed on the London Stock Exchange and retaining its British shareholder body and management team. The company was renamed Carnival plc, with the operations of the two companies merged into one entity. Carnival Corporation and Carnival plc jointly own all the operating companies in the Carnival group. Prior to Carnival Corporation's acquisition, P&O Princess Cruises plc had agreed to
405-798: A subsidiary of P&O Princess Cruises , before coming under the ownership of Carnival Corporation & plc in 2003, following the merger between P&O Princess Cruises and Carnival Corporation. P&O Cruises is based in Southampton , England, and operates a fleet of seven ships, dedicated to serving the British market. In 2002 the Carnival Corporation pleaded guilty in United States District Court in Miami to criminal charges related to falsifying records of
450-692: A topside repair yard in Ohio and one production plant in Wisconsin, making it one of the leading mid-sized shipbuilders in the United States for commercial and government customers, including the U.S. Navy and U.S. Coast Guard. Already the largest shipbuilder in Europe, after the acquisition of Vard, formerly part of STX Europe , the Fincantieri group doubled in size to become the fourth largest in
495-594: Is available for use in deep water or for severe seabed conditions. The Castoro Sei was built in 1978 by Fincantieri at Trieste yard, and was owned and operated by Saipem . Her port of registry was Nassau, in the Bahamas . It has been used for laying a number of pipelines in the Black Sea , North Sea and Mediterranean Sea , including Blue Stream , Greenstream , Medgaz , Trans-Mediterranean , Europipe II , and BBL pipelines. The vessel also laid most of
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#1732802105835540-527: Is headquartered in Hong Kong. It is majority owned by the Chinese shareholders, which collectively own 60% of the company, with Carnival holding the remainder. The second oldest brand in the Carnival group after P&O, Cunard Line originated in 1840 and celebrated its 180th anniversary in 2020. It was founded by Samuel Cunard , who was awarded the first trans-Atlantic mail contract in 1837 and established
585-539: Is listed on the Borsa Italiana (Milan Stock Exchange) and is a component of FTSE Italia Mid Cap Index. Fincantieri designs and builds merchant vessels, passenger ships, offshore, and naval vessels, and is also active in the conversion and ship repair sectors. The company also owned Grandi Motori Trieste, which constructed marine diesel engines, but this was sold to Wärtsilä in 1999. Founded in 1959 as Società Finanziaria Cantieri Navali – Fincantieri S.p.A. as
630-572: Is listed on the London Stock Exchange with an ADR listing on the NYSE. Carnival is listed in both the S&;P 500 and FTSE 250 indices. The American entity Carnival Corporation has its headquarters in the United States, with operational headquarters located in the city of Doral, Florida . The UK entity Carnival plc has its headquarters in Southampton , England . Carnival Corporation
675-493: The AIDA name being repurchased from NCL. P&O formed AIDA Cruises as a subsidiary brand, with two new ships ordered to form a fleet. AIDA was renamed AIDAcara , with AIDAvita and AIDAaura launched in 2002 and 2003 respectively. Carnival Cruise Line was founded in 1972 as a subsidiary of American International Travel Service (AITS), by Ted Arison and Meshulam Riklis . Due to mounting debts, Riklis sold his stake in
720-501: The Blue Riband . Competition continued to increase however and by the early 1930s, Cunard was experiencing financial difficulties. To secure further government subsidy, it agreed to merge with its chief rival White Star Line , to form Cunard-White Star Line in 1934. Cunard later purchased the remaining White Star shares in 1947, reverting to the name Cunard Line in 1949. Cunard continued to operate independently until 1971, when it
765-788: The China State Shipbuilding Corporation , was founded, with operations expected to commence in 2019. In March 2018, Carnival Corporation announced its intention to invest in the construction of a new terminal in the port of Sasebo, Japan. It is expected to open in 2020. In June 2018, Carnival Corporation announced that it had acquired the White Pass and Yukon Route from TWC Enterprises Limited for US$ 290 million. The properties acquired were port, railroad and retail operations in Skagway, Alaska . All cruise ship itineraries were cancelled in March 2020 due to
810-625: The Nord Stream 1 pipeline in the Baltic Sea . Fincantieri Fincantieri S.p.A. ( Italian pronunciation: [fiŋkanˈtjɛːri] ) is an Italian shipbuilding company based in Trieste , Italy . Already the largest shipbuilder in Europe, after the acquisition of Vard in 2013, Fincantieri group doubled in size to become the fourth largest in the world (2014). The company builds both commercial and military vessels. The company
855-633: The U.S. Securities and Exchange Commission as US$ 1.7 billion. As of September 2020, the no-sail rule by the Centers for Disease Control and Prevention prohibited cruising in the U.S. until October 31, 2020, at the earliest. Members of the Cruise Lines International Association , including Carnival Corporation & plc, had announced in early August that its members were extending a voluntary suspension until October 31; that applied to cruises that were to depart from
900-543: The 1920s, its first passenger carrier was Maria C , a former U.S. Navy stores ship that was partly converted for passenger use and served various routes to North and South America from 1947 to 1953. The company's first dedicated passenger ship was the Anna C , a cargo vessel that was requisitioned for war time use by the Royal Navy and refitted as an accommodation ship before returning to merchant use. Costa purchased
945-423: The 1960s, forced the company to make a decision between investing in new cargo ships, or cruise ships. It ultimately sold its cargo operations, becoming exclusively a cruise ship company in 1973. Holland America continued to thrive well into the 1980s, consolidating its business with the acquisitions of Westours, Windstar Cruises and Home Lines . In 1989 however, it was itself the subject of an acquisition, when it
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#1732802105835990-454: The 20th century led to its cruise operations being rebranded as P&O Cruises and P&O Cruises Australia , with the company acquiring Princess Cruises in 1974. Following the demerger in 2000, the company also acquired AIDA Cruises , as well as establishing the A'Rosa Cruises and Ocean Village brands. In 2003, Carnival Corporation acquired P&O Princess Cruises plc. It was agreed that P&O Princess Cruises plc would remain
1035-508: The British and North American Royal Mail Steam-Packet Company in 1840. After initially dominating the trans-Atlantic route, the need for new capital led to the company being re-organised as the Cunard Steamship Company Ltd in 1879. The early 1900s saw increased competition for speed, particularly from Germany, which led the British government to subsidise the building of Mauretania and Lusitania , which both won
1080-719: The Merchant Ships Business Unit while the shipyards of Riva Trigoso ( Genoa ) and Muggiano ( La Spezia ) report to the Naval Vessel Business Unit. Fincantieri successfully completed the acquisition of Manitowoc Marine Group from its parent company The Manitowoc Company, Inc. on 1 January 2009, which consisted of two shipyards in Wisconsin , including Marinette Marine , which built the first Freedom -class littoral combat ship. Fincantieri also purchased from Manitowoc Marine Group
1125-570: The New York Stock Exchange, raising approximately $ 400m in capital. The capital raised was used to finance acquisitions, so in 1993 the business was restructured as a holding company, under the name Carnival Corporation, with Carnival Cruise Line becoming its principal subsidiary. Costa Cruises originates from a cargo shipping company founded by Giacomo Costa fu Andrea in Genoa, Italy in 1854. Better known as Costa Line or C Line by
1170-448: The U.S. or planned to stop at U.S. ports of call. In November 2020, the CEO said he was confident that "universal testing, which doesn't exist in any other industry of scale" would help start the cruising industry. The company's fourth quarter (ending 30 November 2020) financial statement released on January 11, 2021, indicated that one extra ship, in addition to the 18 previously planned,
1215-462: The brands in their portfolio. CSSC Carnival Cruise Shipping is a separate entity founded in 2015, in which Carnival owns a 40% stake while the majority is controlled by Chinese shareholders. AIDA Cruises originated from the state-owned East German shipping conglomerate Deutsche Seereederei, established in Rostock, Germany , in 1952. The company entered the passenger market in the 1960s, but after
1260-539: The company to Arison for $ 1 in 1974. Through the acquisition of existing ships the company continued to grow. In 1980, Carnival ordered its first new commission, the Tropicale , which was completed in 1981/2. Three further ships were commissioned during the 1980s, the Holiday (1985), Jubilee (1986) and Celebration (1987). In 1987, Carnival completed an initial public offering of 20 percent of its common stock on
1305-474: The construction of the 4th new generation submarine of the Italian Navy was confirmed, for a total order value of 500 million euros. On 18 July 2024, Fincantieri announced a partnership with Hera , for the optimized management of industrial waste produced on construction sites. This will allow Fincantieri to achieve ESG objectives within its shipyards. On 24 July 2024, Fincantieri received from Carnival
1350-465: The development of the world's largest trans-Atlantic Ocean liner Queen Mary 2 , which continues to be the flagship of the fleet. Holland America Line originated as Plate, Reuchlin & Company, founded in Rotterdam , Netherlands, in 1871. Initially struggling to survive, the company went public in 1873, renamed Nederlandsch Amerikaansche Stoomvaart Maatschappij (NASM). The company grew quickly in
1395-487: The early years, acquiring several new ships, including SS Rotterdam , which operated the company's first passenger cruise in 1895. The company also quickly became known by its shortened English name, Holland America Line. By the early 1900s, the company had separated its cargo and passenger operations, with its passenger ships being identifiable by names ending with dam , a tradition which continues with Holland America cruise ships today. The development of container shipping in
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1440-481: The largest cruise ship operator in the world. The takeover of Costa Cruises by Carnival Corporation began in 1997, as a 50/50 deal between Carnival and the British tour operator Airtours . On January 13, 2012, Costa Concordia , a ship operated by the line, hit an underwater rock and ran aground in Isola del Giglio , Tuscany , resulting in 32 deaths. Investigations proved that the captain and general bad organization
1485-425: The oil-contaminated bilge water that six of its ships dumped into the sea from 1996 through 2001. The Carnival Corporation was ordered to pay $ 18 million in fines and perform community service, received five years' probation and must submit to a court-supervised worldwide environmental-compliance program for each of its cruise ships. For dumping oiled waste into the seas and lying to cover it up, Princess Cruise Lines
1530-402: The ship in 1947 and it operated between Italy and South America from 1948, later converting to full-time cruising and serving with the company until 1971. From the late 1960s until the 1980s, Costa rapidly developed its passenger operations into what we now recognise as modern cruise ships. In 1987, it consolidated its cruise ship operations into a new company, Costa Cruises, which at its peak, was
1575-410: The unification of Germany in 1990, the company was privatised and its passenger ships acquired by Deutsche Seetouristik. In 1996, the company launched its first new cruise ship AIDA , but after failing to achieve a profit, the ship was sold to Norwegian Cruise Line , continuing operations under a charter agreement. In 1999, Deutsche Seetouristik was acquired by British shipping company P&O , with
1620-504: The world. In March 2015, Fincantieri won its biggest ever independent order from Carnival Corporation & plc in a 4 billion euro deal commissioning the company to build five new cruise ships. On 2 February 2018, Fincantieri announced an agreement for 50 percent of STX France valued at 59.7 million euro. In March 2018, Fincantieri established Fincantieri Services USA – a subsidiary based in Miami, Florida , USA. In 2024, as part of
1665-563: The worldwide pandemic and eventually, 55 passengers on ships owned by Carnival Corporation & plc were reported as having died. After months of cancelled cruises, Carnival Corporation & plc announced in September 2020 that it intended to dispose of 18 ships, a full 12% of the global fleet. By that time, five ships had already been scrapped: Carnival Fantasy , Carnival Fascination , Carnival Imagination , Carnival Inspiration and Costa Victoria . The corporation also announced that it
1710-518: Was acquired by the conglomerate Trafalgar House , which was in turn taken over by the Norwegian company Kværner in 1996. In 1998, Carnival Corporation purchased a controlling stake in Cunard, completing the acquisition in 1999 to become sole shareholder. Since that time, Cunard has been one of Carnival's most high-profile brands, with the continued popularity of the famous Queen Elizabeth 2 and
1755-632: Was adopted in 1993, to distinguish the parent company from its flagship cruise line subsidiary. P&O Princess Cruises plc was formed in 2000, following the demerger of the cruise ship division of the P&;O group. Originating as the Peninsular and Oriental Steam Navigation Company in England in 1837, P&O operated the world's first commercial cruise ships. Restructuring of the P&;O group in
1800-415: Was delaying the delivery of several ships already on order. These steps were part of the company's cost-cutting plan, important because the "pause in guest operations continues to have a material negative impact on all aspects of the company's business, including the company's liquidity, financial position and results of operations". The adjusted net loss in the third quarter was reported by the corporation to
1845-454: Was fined $ 40 million in 2016. According to federal authorities, it was the "largest-ever criminal penalty" for intentional vessel pollution. Officials said that these practices began in 2005 and persisted until August 2013, when a newly hired engineer blew the whistle. As part of its plea agreement, ships of the parent company Carnival Cruise lines were subjected to a court supervised environmental compliance plan for five years. For violation of
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1890-425: Was founded as Carnival Cruise Line in 1972. The company grew steadily throughout the 1970s and 1980s, making an initial public offering on the New York Stock Exchange in 1987. The capital generated was used to finance acquisitions. Between 1989 and 1999, the company acquired Holland America Line , Windstar Cruises , Westours, Seabourn Cruise Line , Costa Cruises and Cunard Line . The name Carnival Corporation
1935-399: Was purchased in full by Carnival Corporation. P&O Cruises was originally a subsidiary of the British shipping company P&O and was founded in 1977. Along with P&O Cruises Australia , it has the oldest heritage of any cruise line in the world, dating to P&O's first passenger operations in 1837. P&O Cruises was divested from P&O in 2000, subsequently becoming
1980-569: Was responsible for the disaster, and the company was fined. Adora Cruises (CSSC Carnival Cruise Shipping) is a Chinese-British/American cruise line that is scheduled to begin operation in 2023. CSSC Carnival was founded in October 2015 as a joint venture, worth about $ 4 billion over ten years, between British/American cruise line Carnival Corporation & plc, Chinese sovereign wealth fund China Investment Corporation , and Chinese shipbuilder China State Shipbuilding Corporation (CSSC). CSSC Carnival
2025-419: Was to be sold. Carnival Corporation was in an excellent cash position, with US$ 9.5 billion, but suffered an adjusted net loss of $ 1.9 billion in the quarter. The Carnival group comprises nine cruise line brands and one cruise experience brand operating a combined fleet of 91 ships. In June 2023, Carnival restructured its corporate umbrella and created six new separate units that have full executive control of
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