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23 September 2021 The on-line newspaper devoted to the world of transports 20:12 GMT+2

July 31, 2020

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MSC Cruises acquired 50% of Palumbo Malta Shipyards

The joint venture with Palumbo will become a hub for repair of cruise ships, merchant ships, ferries and facilities Offshore

MSC Cruises acquired 50% of Palumbo Malta Shipyards becoming an equal partner of the Neapolitan naval engineering company Palumbo, who bought the plant ten years ago ( 3 February 2010), with the aim of making the shipyard Maltese pole for the repair of cruise ships, merchant ships, ferries and offshore facilities. The cruise company of the Mediterranean Shipping Company (MSC) specified that the shipyard will become the first stopover for its Mediterranean fleet and that merchant ships and ferries MSC group operating in the region will use the site.

The agreement between MSC and Palumbo also includes a major refurbishment of the shipyard also with the aim of accentuating specialization in the cruise ship segment, including liquefied natural gas-fired ones under construction for the MSC Cruises fleet.

The Maltese shipyard has four 98 to 360 metres long.

Msc Cruises Executive Chairman Pierfrancesco Vago specified that the joint venture represents the natural outcome of a collaboration with Palumbo that has been consolidated over the years. "I am said the founder and president of the Palumbo Group, Antonio Palumbo - of this joint venture with the Aponte family because, in addition to the personal friendship Over the years, we have a common company philosophy. This agreement, Palumbo said, "is not just a financial transaction, but aims to boost our network and makes part of a group business strategy."

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