Joint agreement signed between the Geneva cruise group and the Neapolitan builder / repairer. Make way for liquefied natural gas ships as well as ferries and container ships
After the Antitrust go-ahead earlier this month, MSC Cruises and Palumbo Group announced today that they have created a joint venture to manage the Palumbo Malta Shipyard, with the aim of increasing the production potential of the maritime sector.
The partnership, signed by the president of Palumbo Group, Antonio Palumbo, and the executive president of MSC Cruises, Pierfrancesco Vago, sees MSC Cruises take a 50 percent share of the shipyard managed by the Neapolitan group, becoming an equal partner together with Palumbo Shipyards. Over the past ten years, since the Palumbo Group took over its management, the shipyard has developed into an important international centre for repairs, conversions and maintenance of commercial ships. A plan is foreseen – now strengthened with the presence of MSC Cruises – to further improve the operation of the shipyard, intensifying specialization on cruise ships. One of the novelties will be the introduction of new technologies for the maintenance and repair of the next generation of cruise ships fuelled by liquified natural gas, currently under construction for the Geneva group fleet.
Palumbo Malta Shipyard will be used both by MSC Cruises ships and by MSC group cargo and ferries, without forgetting the shipyard’s historical clientele.