Investment

Jacksonville shipyard set for $30 million investment from Fincantieri

A rendering shows the new drydock that will be installed by Fincantieri Marine Repair for working on bigger ships at its site next to the Hart Bridge near downtown Jacksonville. Fincantieri released the renderings during a groundbreaking event Friday for its planned $30 million investment in Jacksonville and plans to hire 300 people by 2028.

The next wave of ship repairs at a riverfront yard next to the Hart Bridge will feature much bigger vessels lifted out of the water for work when Fincantieri Marine Repair puts its $30 million stamp on Jacksonville.

The company, which is part of the global Fincantieri Group that employs 19,000 people worldwide, plans to ramp up employment to 300 jobs in Jacksonville by 2028 on the site that used to be called North Florida Shipyards.

The linchpin of the $30 million investment planned by Fincantieri Marine Repair will be a 500-foot drydock arriving next year that can lift a 13,000-ton vessel out of the water compared to the 2,700-ton capacity in place now at the site.

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