Stefano Rosina, former chief executive officer of Premuda, has announced his exit from the Genoa-based shipping company now controlled by Pillarstone to launch a new advisory firm active in the shipping industry. Rosina and Partners is the name of the new firm “which is taking shape at the moment” Rosina told Splash. “I cannot reveal […]
↧
Stefano Rosina leaves Premuda to start new shipping advisory
↧
D’Amico seals another product tanker sale and leaseback deal
D’Amico International Shipping subsidiary d’Amico Tankers has agreed a deal for the sale and leaseback of 2015-built MR product tanker . The sale price of $27m sees d’Amico Tankers pocket around $ 8.6m cash after paying off the loan attached to the vessel. D’Amico will maintain control of the vessel via a 10-year bareboat charter […]
↧
↧
Michele Bottiglieri Armatore completes debt restructuring
Naples-based shipping company Michele Bottiglieri Armatore has just sealed a debt restructuring plan with a group of Italian banks (Banco BPM, MPS, MPS Capital Services, MPS Leasing & Factoring, Unicredit, Banco di Napoli and BPER Banca). The agreement includes a postponement of debt payments, and the company will not be required to sell off any […]
↧
Aldo Grimaldi passes away at the age of 96
Aldo Grimaldi, chairman of the Genoa-based Grimaldi Holding and former president of the Italian shipowners’ association Confitarma, has passed away at the age of 96. Grandson of the shipowner Achille Lauro, he began his own business creating with his other three brothers, Luigi, Mario and Guido, his first shipping company called Fratelli Grimaldi Armatori, first […]
↧
Saipem hit by Chennai cyber attack
Italian drilling operator Saipem’s servers were hit by a cyber attack originating in Chennai yesterday. The attack mainly hit the company’s servers in the Middle East. “We are collecting all the elements useful for assessing the impact on our infrastructures and the actions to be taken to restore normal activities,” Saipem stated in a release. […]
↧
↧
Intertanko: Sulphur cap will take two years to bed in
Paolo d’Amico, head of d’Amico Società di Navigazione group, has added a couple more titles to his impressive resume in recent weeks, taking the reins at Milan-listed d’Amico International Shipping and becoming chairman of the International Association of Independent Tanker Owners (Intertanko) at a crucial time for the sector. D’Amico admits tanker owners continue to […]
↧
RBD Armatori fleet back on the auction block at reduced price
The Court of Torre Annunziata in Naples has once again put up for sale the entire fleet of RBD Armatori, having failed to secure a buyer in an initial auction earlier this year. The fleet of 13 ships is made up of three capesizes, four post-panamax bulkers and six aframax tankers and will be auctioned […]
↧
Vgate debuts offshore container terminal concept for Venice
A purpose built Venice-based company called Vgate and led by local ship agent Alessandro Santi has presented a project to build a new container terminal 2.3 km offshore the port of Chioggia in the North Adriatic sea. The proposed infrastructure, which had just been submitted to the Italian Environment Ministry for evaluation, would be realised […]
↧
Navigazione Montanari seals big sale and leaseback deal with Sole Shipping
Fano-headquartered Navigazione Montanari has successfully completed a complex refinancing transaction of its existing $300m debt exposure with its long-term financing banks, BNP Paribas, ING and Danish Ship Finance. The transaction consists of a sale and leaseback with Sole Shipping of 11 of the existing fleet of 21 vessels that will allow a debt reimbursement, along […]
↧
↧
Saipem scores $1.2bn worth of additional work offshore Egypt
Italian contractor Saipem has negotiated with Petrobel an offshore contract addendum worth more than $1.2bn for engineering, procurement, construction and installation activities in relation to the ‘Ramp Up to Plateau’ phase of the Zohr field development project situated in the Mediterranean Sea off the Egyptian coast. Petrobel is a 50-50 joint venture between Egyptian General […]
↧
Heerema shipyard to close after Rosetti Marino deal falls through
Heerema Fabrication Group is to close its Zwijndrecht yard in the Netherlands after Italian group Rosetti Marino decided not to proceed with plans to buy the facility. Rosetti said that after “careful consideration of the risks and opportunities, it has concluded that this acquisition did not meet its requirements due to adverse market conditions and […]
↧
MSC takes four ships and 49% share of Messina Group
Banca Carige and Messina Group announced they have reached a final agreement on the terms of the debt renegotiation which sees active role of MSC group as a new partner. The Genoa-based shipping company has a financial exposure of over €450m ($515m), mainly with Banca Carige, related to the fleet renovation plan completed in the […]
↧
Premuda confirms Marco Fiori as new CEO
Premuda has confirmed news exclusively reported by Splash in November, announcing the appointment of Marco Fiori as its new CEO effective from January 3. “Marco Fiori will work closely with Premuda’s board of directors and with the deputy chairman Alcide Rosina to support the company’s next phase of development, based on both organic growth and […]
↧
↧
D’Amico seals sale and lease back for new LR1 tanker
The new year for d’Amico International Shipping has started with a sale & lease back deal with an unidentified Japanese financial player for one of its new LR1 tankers under construction with Hyundai Mipo at the Vinashin facility in Vietnam. The Rome-based group announced with a statement that its operating subsidiary d’Amico Tankers signed a […]
↧
Dea Capital debuts in the Italian shipping market with $200m worth of non-performing loans
Dea Capital Alternative Funds has announced its debut in the shipping business in Italy, confirming an exclusive report by Splash in November. Chairman Roberto Saviane and CEO Gianandrea Perco disclosed the opening of a new branch specifically dedicated to the shipowning business, which will be part of the Idea Corporate Credit Recovery II vehicle launched […]
↧
Saras seeks bunkering concession in Cagliari
Saras Group, which operates the refinery plant based in Sarroch, has asked the local coast guard for a 12-year concession for bunkering in the port of Cagliari. The request represents a further step in the plans announced by Saras Group CEO Dario Scaffardi last November when he said the company would open a new bunkering […]
↧
D’Amato bulk carrier to be auctioned by Chinese court
China’s Ningbo Maritime Court has announced that it will hold an auction to sell the 2001-built panamax bulker via online platform Taobao on February 13 at the request of the ship’s crews. According to the court file, the court detained the vessel last year in a Zhoushan yard after nine crew from the vessel filed […]
↧
↧
Saipem awarded $1.3bn worth of offshore contracts by Saudi Armanco
Italy’s Saipem has been awarded two engineering, procurement, installation and construction contracts by Saudi Aramco, worth around $1,3bn, and part of a long-term agreement for offshore activities in Saudi Arabia, renewed in 2015 and in force until 2021. A statement from the Italian contractor reports that these contracts are part of the development of offshore […]
↧
Trieste: Silk Road return or how China called Italy’s bluff?
There has been much commentary around the intent and development of China’s push to increase it trade and energy security with Europe. Taking the view that the Xi Jinping announcement that China was giving rebirth to the original Silk Road through the announcement of the Belt Road Initiative (BRI), one can understand why developments in […]
↧
BNP Paribas boxship pair on charter to Italia Marittima put up for sale
BNP Paribas, thorough Italian leasing company BNP Paribas Lease Group, has decided to put up for sale the two containerships and , currently operated by Evergreen-controlled Italia Marittima. According to information circulated by several shipbrokers, the 4,363 teu sister ships were built in South Korea, delivered by Hyundai Mipo in 2008. Ital Milione will come off […]
↧