San Giorgio del Porto, part of Genova Industrie Navali (GIN) holding company in which Genoese shipyard: T. Mariotti has a stake and Costa Crociere have signed an agreement for the development of a world-class center for ship repair and conversion.

“The agreement, announced today, provides for the entry of Costa Crociere with a 33.3% share in Chantier Naval de Marseille, company specialised in ship repair and conversion based in Marseille and controlled by the Genoese San Giorgio del Porto,” the French shipyard said in a statement.

The agreement between San Giorgio del Porto and Costa Crociere for the strengthening of Chantier Naval de Marseille calls for an initial investment of €10 million aimed at increasing the efficiency of the shipyard with the best available technologies.

The investment will generate volumes and a scale that will allow the entire shipping industry to take advantage of the facilities for any type of vessel and maximize the potential of the basin number 10 able to accommodate big ships. The investment will also create a positive impact in terms of direct and indirect employment.

Costa Crociere is part of the Carnival Corporation & plc group.