Fincantieri plans to come up with a new five-year business plan as soon as it is able to ascertain the full impact of the coronavirus pandemic.

The world's foremost builder of cruiseships has halted operations at its Italian yards as of 16 March in an effort to help contain the virus within that country.

"In consideration of the uncertainty regarding the impacts on public health, and on the country’s production and social and economic aspects, the group will disclose to the market a new 2020-2024 business plan as soon as the emergency permits a clear evaluation of its possible impacts,' the Fincantieri group said in a statement.