Fincantieri says its newbuilding order intake more than tripled in the first half of the year as it lifted its guidance for financial leverage.

The Italian shipbuilder, a major player in cruise ship construction, said it pulled in €7.62bn ($8.24bn) in orders during the first six months — a 257% improvement on the €2.13bn a year earlier.

It logged orders for 18 vessels, up from 11 in the first six months of last year.