Fincantieri and Kayo finalise Albanian naval joint venture

Fincantieri stated that the initiative aims to modernise the Pashaliman shipyard located near Vlora to support domestic defence requirements.

The industrial plan for the venture targets the production of approximately 10 units between April 29, 2026 and 2030, according to the group.

This production target is expected to meet demand within the small and medium-sized offshore patrol vessel segment, Fincantieri remarked. The final incorporation of the joint venture remains subject to standard closing conditions.