Italian shipyard Fincantieri saw its orderbook reach 109 units this July thanks to orders for cruise ships and naval vessels.

According to the shipbuilder's CEO Giuseppe Bono, the orderbook amount has exceeded EU€32 billion (US$37.2 billion) , which displays its capability of building and delivering high value-added vessels on time.

In the first half of this year, the builder's profit came at EU€15 million, an increase of EU€4 million year-on-year. In addition, its revenue during the same period standed at EU€2.52 billion, jumping by 10 percent compared with EU€2.29 billion recorded at June 30, 2017.

What's more, Giuseppe Bono expects the builder's revenues, profits, and margins to further climb in the second semester of this year.

During the first six months of the year, FIncantieri delivered six newbuilds consisting of four cruise ships, namely Carnival Horizon, Seabourn Ovation, MSC Seaview, and Viking Orion, and two naval vessels.