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Fincantieri buys a share of the GIN industrial group (Mariotti shipyards)

Genoa - Genova Industrie Navali (GIN), a holding company established in 2008 by two historic Genoese shipyards, T. Mariotti and San Giorgio del Porto, both founded in 1928, is today one of the most important players in the shipbuilding and ship repair sector.

Genoa - Genova Industrie Navali (GIN) – holding founded in 2008 from the merger of two historical shipyards in Genoa, T. Mariotti and San Giorgio del Porto – and Fincantieri have reached a cooperation agreement covering different areas, from new buildings, to ship repair, conversions and outfitting. Such agreement provides for the acquisition by Fincantieri of a minority stake in GIN Group’s holding company and an option for a minority stake in T. Mariotti. Fincantieri’s stake will allow GIN to achieve further financial strength, an increasingly important asset to face complex projects and to overcome market challenges, especially in the field of small and medium-sized luxury cruise ships construction.

Genova Industrie Navali (GIN), a holding company established in 2008 by two historic Genoese shipyards, T. Mariotti and San Giorgio del Porto, both founded in 1928, is today one of the most important players in the shipbuilding and ship repair sector in the Mediterranean and is among the main private shipbuilding players in Italy. Thanks to a network of consolidated subsidiaries and partners, it is able to operate in the ships and mega yachts segment - from construction, to repairs and refit, from transformation to ship recycling. Genova Industrie Navali has important assets in the ports of Genoa (in the ship repairs area, which covers a total area of about 53,000 square meters with 5 dry docks), Marseille (3 dry docks including dock n. 10, the largest in the Mediterranean) and Piombino (about 80,000 square meters for the development of a site dedicated to ship recycling and shipbuilding).

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