Genoa-based shipping firm Calisa, part of the Novella Group, is close to selling one of the four tankers in its fleet. Brokers sources report that the company, lead by Marco Novella, is offloading 2007-built MR1 Sipea for some $12.1m to a Vietnamese buyer, most likely PetroVietnam’s PV Trans. Novella declined to comment on the deal […]
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Calisa selling MR tanker to PetroVietnam
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Grimaldi in for six ro-ro vessels at Jinling shipyard
Naples-based Grimaldi Group has announced an order for six hybrid ro-ro vessels with Chinese shipyard Jinling for a total investment exceeding $400m. The deal just sealed is part of a bigger order for 12 news ships set for delivery from 2020 onwards. Each ship will be able to accommodate some 500 trailers thanks to a […]
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Italian port workers to strike over self-handling
Workers are planning a strike on May 11, shutting down all Italian ports for the day, citing a need to improve safety. The strike is focusing on self-handling, where a ship’s crew loads or lashes cargo, which the unions says has caused three fatal accidents at Italian ports this year. “Lashing is dockwork and abuses […]
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Vard to build cable lay vessel for Prysmian Group
Norwegian offshore shipbuilder Vard has been awarded a contract by Italy’s Prysmian Group to design and construct a cable laying vessel valued at around €170m ($206.2m). The cable layer, designed by Vard Design in Ålesund, will feature deep water installation capabilities for depths of more than 2,000 meters and high cable loading capacity in large […]
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Pacific Basin snaps up Nova Marine Carriers handysize
Having spent the first four month of the year buying vessels, Lugano-based Nova Marine Carriers has turned seller by offloading handysize bulk carrier for a price of around $12.5m. Sources have revealed to Splash that the buyer is Hong Kong-based Pacific Basin. The Swiss shipping group, controlled by Giovanni Romeo, recently bought a 2015-built handysize […]
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Italian shipping non-performing loans up for sale top $1bn
As of today in Italy there are roughly $1bn of shipping-related non-performing loans (NPLs) up for sale, according to Fabrizio Vettosi, managing director of the private equity fund Venice Shipping & Logistics. Speaking at a conference in Italy, Vettosi added that banks have already dismissed some. Furthermore he added that “the banks has already dismissed […]
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Fincantieri joins the 3D printing rush
Shipbuilders’ flirtation with 3D printing continues to mount. Australian metal additive manufacturing company, Titomic has entered into a MoU with Fincantieri Australia. The MoU, Titomic’s first for the marine sector, will last for 12 months. The MoU will enable Titomic to work with Fincantieri to evaluate the potential for the company’s additive manufacturing process, Titomic […]
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13-strong RBD Armatori fleet to be auctioned with initial bargain $200m price tag
The Court of Torre Annunziata in Naples has put up for sale at auction the entire shipping branch of RBD Armatori, the company which went bankrupt in January this year. A fleet of 13 ships made up of three capesizes, four post-panamax bulkers and six aframax tankers will be auctioned on July 24 with a […]
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Levantina Bulk to close down
Despite being a commercial success, Genoa-based Levantina Bulk is closing its operations. Levantina Bulk was founded in Italy in 2013 by the Visentini family, with a small stake owned by Pietro Repetto and brokers Banchero Costa. Repetto later went on to become the company’s main shareholder, and the company had become a respectable player in […]
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MSC and Banca Carige agree deal for Messina restructuring
MSC and Banca Carige have sealed a pre-agreement fixing the main terms of the debt restructuring for Messina Group. MSC is now set to take a 49% stake in the Genoa-based conro shipping company. Sources suggest that MSC will probably take control of some of the eight conro ships in the Messina fleet, two of […]
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D’Amico, Rina and Telemar debut pioneering fleet operating centre
Italian d’Amico Group has partnered with Rina and Telemar to build a new fleet digital operating centre in Rome. The new centre will increase data collection from ships and provide greater detail on performance criteria to enable the shipping group to increase efficiency and safety across the fleet. The project which has just been launched […]
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Saipem awarded $1.3bn offshore EPCI contract
Italian offshore engineering contractor Saipem has been awarded an offshore pipeline project in the Middle East worth approximately $1.3bn. The contract involves engineering, procurement, construction and installation (EPCI) activities associated to two 32-inch export pipelines, two 24-inch corrosion-resistant alloy (CRA) intrafield pipelines, risers, spool pieces and subsea structures also entailing a short onshore section and […]
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Grimaldi inks six more Jinling roros
Naples-based Grimaldi Group has just exercised the options for a further six roro ships with Jinling shipyard which are worth some $400m according to several sources familiar with the matter. The Italian shipping company was also discussing the same order with Xiamen shipyard in China but in the end chose the same shipyard which already […]
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Confitarma: Traditional shipping companies at risk in Italy
The ever increasing presence of financial investors such as Pillarstone and Bain Capital in the Italian shipping market is putting traditional shipping companies at risk. That’s the view of Mario Mattioli, the new chairman of Italian shipowners association Confitarma, who told Maritime CEO: “We have an important and solid industry active in the ship management […]
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Pillarstone: Premuda’s back in the market in buying mood
One year after KKR Capital’s turnaround fund Pillarstone Italy took control of Italian owner Premuda, the Genoa-based shipping firm is back in the market with positive results and very much in buying mood. Pillarstone’s partner Gaudenzio Bonaldo Gregori tells Maritime CEO: “The company is now in good health since the 2017 financial results are solid […]
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Premuda and Star Bulk tipped to bid for RBD Armatori’s fleet
At least two companies are very likely to make an offer for Italian owner RBD Armatori’s fleet to be sold at auction for $200m on July 24, sources tell Splash. The two companies in question are Pillarstone Italy and Star Bulk Carriers, both of them using local partners: Genoa-based Premuda and Naples-based Augustea. An offer […]
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MSC to complete Messina deal by October
MSC’s acquisition of 49% stake in the Genoa-based conro shipping company Messina is expected to be sealed by October, reports Alphaliner. MSC and Banca Carige signed a pre-agreement this month, fixing the main terms of the debt restructuring for Messina Group, including taking over the 49% stake in the company. Messina owes Banca Carige over […]
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RINA appoints new shipping head
Nello Sulfaro has been appointed the new head of the shipping division at Italian classification society RINA. He will be in charge of the group’s marine and certification businesses. Sulfaro succeeds Michele Francioni who recently resigned citing a management spat. Sulfaro told Splash: “I’m very pleased to be in charge for two such important market […]
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Deutsche Bank shuffles shipping exposure
As HSH Nordbank gears up to make a renewed foray into shipping under new ownership, another big name in German ship finance is making moves of its own. Reuters is reporting Deutsche Bank has agreed to sell a non-performing ship loan portfolio with a notional value of $1bn to investors Oak Hill Advisors and Varde. […]
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Okee Maritime snaps up d’Amico boxship
Hamburg-based shipping company Okee Maritime will add a fourth containership to its fleet, taking the from d’Amico Dry, according to brokers. The Italian shipping group confirmed that the 1998-built boxship is “committed to German buyers and the sale is set to be closed during the first week of July” when approached by Splash. Okee Maritime […]
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