Lugano-based Nova Marine Carriers group is expected to make a profit from the sale of one of two 2011-built handysize bulk carriers bought just six months ago. Broking sources report this week that the is being sold to an unidentified Greek buyer for some $10m. MSI places the fair market value of the ship at . […]
↧
Nova Marine Carriers flipping bulker for handy profit
↧
Shelf Drilling awarded Adriatic Sea contracts by Eni
Dubai-based Shelf Drilling has secured a new contract and contract extension from Eni for operations in the Adriatic Sea, offshore Italy. Shelf has been awarded a two-year contract for the 1982-built jackup rig Key Singapore, with planned commencement between May and July 2019. The contract also includes a one-year option. Additionally, 1980-built jackup rig Key […]
↧
↧
Grimaldi announces a new series of ship orders
Following the renovation of ACL’s fleet, new orders for Finnlines and Grimaldi Euromed’s short sea routes and the new car carriers deployed on the Europe – North America trade transporting new vehicles for FCA, the Naples-based Grimaldi Group is now thinking about its next stage of investments. “We have started working on two new projects […]
↧
Fight to contain big spill in the Med
Italian and French experts are on the scene in the Mediterranean fighting a major oil spill. Two cargo ships collided near the island of Corsica on Sunday afternoon, causing a leak of some 600 cu m of fuel, according to the local coast guard in Italy. The vessels involved in the accident are the roro […]
↧
Fears grow oil will wash ashore from Med collision
French and Italian authorities have worked hard to contain a big spill in the Mediterranean, however the oil is spreading fast and is likely to wash ashore. An inflatable boom has now been deployed around the accident site off Corsica where the roro Ulysse collided with the anchored boxship on Sunday, rupturing fuel tankers with […]
↧
↧
Cleanup operations continue in the Mediterranean
Salvors are struggling to seperate the Tunisian ropax Ulysse, whose bulbous bow is firmly lodged in the side of the boxship , following a collision on Sunday which has led to a sizeable oil spill north of Corsica in the Mediterranean. A first attempt to disentangle the pair failed and now salvors are working on […]
↧
Ropax finally separated from boxship off Corsica
A combination of wave activity and work by salvors finally managed last night to disentangle two ships that had collided north of Corsica on Sunday. At around 9.30pm last night the Tunisian ropax Ulysse was freed from the hull of the boxship . The bulbous bow of the ropax has been destroyed and salvors are […]
↧
Saipem awarded new contracts worth $400m
Italy’s Saipem has signed new contracts in Azerbaijan, the North Sea and the Republic of Congo worth a total of around $400m. Total has awarded a SURF contract to the consortium between Saipem Contracting Netherlands, Boshelf and Star Gulf in Azerbaijan for the development of the Absheron field in the Capian Sea. The field is […]
↧
Giuseppe Bottiglieri puts entire tanker fleet up for sale
Naples-based Giuseppe Bottiglieri Shipping Company intends to sell all its fleet of tankers according to broking sources. The four MR1 sister ships – Mariella Bottiglieri, Alessandra Bottiglieri, Ghetty Bottiglieri e Mariella Bottiglieri – are being circulated on the market by several shipbrokers and their value, according to VesselsValue.com, may be around $30m even if the […]
↧
↧
CEO of d’Amico International resigns
Marco Fiori, CEO of d’Amico International Shipping, is resigning, citing personal reasons. His resignation will be effective from December 31. Fiori has been with the Italian shipping company for the past 22 years. Fiori will lose his 2m stock options matured at the date of termination of his charge. The board of directors has now […]
↧
Italian shipping bad loans on sale soar past the $1bn mark
On the Italian shipping market some $1.6bn of non-performing-loans (NPLs) have already been dismissed by several national and international banks while a further $1bn are currently on sale and expected to be sold in the next few months, according to Furio Samela from law firm Watson Farley & Williams. Samela was speaking about the Italian […]
↧
Gotland takes d’Amico bulker pair for juice tanker conversion
Dublin-based d’Amico Dry, part of the Italian group d’Amico Società di Navigazione, has just sold to Sweden’s Gotland Tankers a pair of modern handysize bulk carriers for a total price of $40m. The ships are the 2016-built and the 2014-built and both the units are set to be converted in orange juice tankers. Gotland Tankers […]
↧
ArcelorMittal opens new Italian shipping arm
In conjunction with last week’s $1.3bn takeover of the steelmaker Ilva steel giant ArcelorMittal, in has also opened a new shipping company called ArcelorMittal Italia Maritime Services. This brand new Italy-based firm will purchase all the fleet of the former Ilva Servizi Marittimi, which acted as a shipping arm for Ilva and was in charge […]
↧
↧
Paolo d’Amico to take the reigns at d’Amico International
D’Amico International Shipping has announced that chairman Paolo d’Amico will take over from Marco Fiori, who resigned last month, as chief executive officer. D’Amico, who was also nominated as chairman of Intertanko this week, will take over from Fiori on January 1, 2019. Commenting on the change, d’Amico said: “My personal involvement and dedication is […]
↧
Low sulphur bunker terminal to be built by Saras in central Med
Milan-based refinery group Saras is constructing a new bunkering terminal at its Sardinia plant in Sarroch and will market a new low sulphur fuel before 2020 the CEO of the company Dario Scaffardi told Reuters. Saras will build infrastructure that will allow ships to dock outside its refinery in Sardinia. “Today, bunkering is based mainly […]
↧
Gestioni Armatoriali sells tanker pair to Chandris Hellas
Piraeus-based shipping company Chandrios Hellas is reported as the new operator of a pair of MR2 tankers bought by Italy’s Gestioni Armatoriali and already renamed Aktea and Aegea. Both the 10-year-old vessels previously known as Mare di Genova and Mare di Venezia had just been sold by the Ravenna-based shipping firm as part of the […]
↧
Fratelli D’Amato sells entire PSV fleet to Caspian Marine
Italy’s Fratelli D’Amato Armatori has concluded its adventures in shipping after decades in the industry. Luigi D’Amato has revealed to Splash that the Naples-based shipping firm he controls has just sold the last five platform supply vessels in its fleet to Baku-based Caspian Marine Services which is transferring them to the Caspain Sea passing through […]
↧
↧
Marco Fiori set for top job at Premuda
Marco Fiori is set to join Genoa-based shipping company Premuda in January to take up the role of CEO, sources have revealed to Splash. Fiori resigned from d’Amico International Shipping in October and is set to leave on December 31. KKR-controlled fund Pillarstone bought Premuda in March 2017 and the role of CEO of the company remained […]
↧
Pillarstone and Dea Capital set up investment platforms for distressed Italian shipping companies
Pillarstone Italy and Idea Capital Funds are both poised to launch separate investment platforms focused on the Italian shipping market, with an aim to invest in mid-sized enterprises in distress, sources tell Splash. The aim is to help companies restructure and turnaround, and consequently help banks maximize the recovery of their original loans. Both the […]
↧
Gestioni Armatoriali makes return with two MRs from Latvian Shipping
A few months after sealing the debt-restructuring plan with its banks which saw the company progressively transfer all its ships – nine bulkers and three tankers – to Deutsche Bank and Attestor Capital, the Ravenna-based Gestioni Armatoriali is back on the market with the purchase of two vessels. Nicola Coccia, the line’s chairman, confirmed to […]
↧