Big Bucks From Italy's Bigger Boats

So far, Fincantieri's survival-of-the-glitziest strategy pays off

The bigger and glitzier cruise ships get, the better Corrado Antonini likes them. As chief executive of Italian state-owned shipbuilder Fincantieri, Antonini has turned the company from a subsidy-swilling white elephant into the world's No.1 builder of cruise liners. Its latest creation, the Carnival Destiny, commissioned by the Miami-based cruise king Carnival Corp., is loaded with 280 tons of Italian marble and a two-ton Venetian chandelier in its three-level indoor theater. Carrying 4,400 people, it will be the largest cruise ship ever built when it is completed this fall.

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