A new rail journey began two days ago when the first ever regular westbound train to directly link China with Italy left the Chinese city of Chengdu on Saturday morning. The train is due to arrive at Contship Italia’s Rail Hub Milano (RHM) terminal in 18 days’ time. The train service is planned to be […]
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Train departs Chengdu with 40 containers bound for Milan
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Italian ports fight Brussels over tax exemptions
Italy is preparing to do battle with Europe about ports and taxes. In the first days of January a letter signed by the European competition commissioner Margrethe Vestager was sent to the Italian transport minister, Danilo Toninelli, in which Brussels has told Rome to put an end to the tax exemptions, which it claims is […]
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Saipem awarded new FEED contract in Vietnam
Saipem’s XsightSIGHT division has been awarded a new onshore-offshore contract for the Ca Voi Xanh (Blue Whale) project by ExxonMobil Exploration and Production Vietnam Limited (EMEPVL) and its joint venture partners PetroVietnam and PetroVietnam Exploration Production Corporation. The Italian contractor will provide front end engineering design services for the project that consists of an offshore […]
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Private equity swoops for RBD Armatori
Splash understands a vehicle connected to private equity fund Reuben Brothers has made an offer to buy out bust Italian shipping line RBD Armatori. As a result a planned auction of the RBD Armatori fleet, scheduled for February 22, is likely to be put on hold. An offer has been sent to the RBD Armatori […]
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MSC eyes significant expansion in Italy
Geneva-based Mediterranean Shipping Company (MSC) is significantly expanding its business in Italy with a brand new logistics and intermodal company called Medlog Italia. A one stop logistics and supply chain provider, the Genoa-based Medlog Italia will invest in inland logistics platforms, warehouses, trucks, and locomotives “facilitating logistics efficiency for the benefit of customers”. This new […]
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Siaci Saint Honore takes majority stake in Cambiaso Risso group
Siaci Saint Honore, one of the leading providers of insurance brokerage and consulting services headquartered in France and Italian broker for marine insurance Cambiaso Risso group have announced a strategic partnership to foster a strong positioning in their markets. Sources explain to Splash that the French player took a majority stake (60%) in the Italian […]
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Ruben Brothers offer for RBD Armatori sees fleet auction cancelled
With an offer on the table from Ruben Brothers investment fund, the planned auction of RBD Armatori’s shipping assets has been cancelled by the local Court of Torre Annunziata, Naples. The fleet consisting of the 13 vessels (6 aframax tankers, 3 capesize and 4 post-panamax bulkers) together with charter contracts and personnel was set to […]
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Three ships sold by d’Amico this week
Rome-based d’Amico Società di Navigazione group has sold three ships this week. Shipping arm d’Amico International Shipping announced the sale of 2009-built medium range tanker for $16.4m to an undisclosed counterpart. The vessel was jointly owned with Mitsubishi Group through the DM Shipping joint venture, 51% controlled by d’Amico Tankers. The vessel will be operated […]
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Pillarstone launches new shipping platform, takes $350m of NPLs from Intesa and Unicredit
Pillarstone has revealed to Splash that it has just purchased from Intesa Sanpaolo and Unicredit several non-performing loans related to five shipping companies in Italy, and is now ready to launch its first shipping investment platform focusing on distressed assets. This project has been named F.I.NAV by Pillarstone, and the initial NPLs taken relates to […]
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Italian ports fight Brussels over tax exemptions
Italy is preparing to do battle with Europe about ports and taxes. In the first days of January a letter signed by the European competition commissioner Margrethe Vestager was sent to the Italian transport minister, Danilo Toninelli, in which Brussels has told Rome to put an end to the tax exemptions, which it claims is […]
↧
Saipem awarded new FEED contract in Vietnam
Saipem’s XsightSIGHT division has been awarded a new onshore-offshore contract for the Ca Voi Xanh (Blue Whale) project by ExxonMobil Exploration and Production Vietnam Limited (EMEPVL) and its joint venture partners PetroVietnam and PetroVietnam Exploration Production Corporation. The Italian contractor will provide front end engineering design services for the project that consists of an offshore […]
↧
Private equity swoops for RBD Armatori
Splash understands a vehicle connected to private equity fund Reuben Brothers has made an offer to buy out bust Italian shipping line RBD Armatori. As a result a planned auction of the RBD Armatori fleet, scheduled for February 22, is likely to be put on hold. An offer has been sent to the RBD Armatori […]
↧
MSC eyes significant expansion in Italy
Geneva-based Mediterranean Shipping Company (MSC) is significantly expanding its business in Italy with a brand new logistics and intermodal company called Medlog Italia. A one stop logistics and supply chain provider, the Genoa-based Medlog Italia will invest in inland logistics platforms, warehouses, trucks, and locomotives “facilitating logistics efficiency for the benefit of customers”. This new […]
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Siaci Saint Honore takes majority stake in Cambiaso Risso group
Siaci Saint Honore, one of the leading providers of insurance brokerage and consulting services headquartered in France and Italian broker for marine insurance Cambiaso Risso group have announced a strategic partnership to foster a strong positioning in their markets. Sources explain to Splash that the French player took a majority stake (60%) in the Italian […]
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Ruben Brothers offer for RBD Armatori sees fleet auction cancelled
With an offer on the table from Ruben Brothers investment fund, the planned auction of RBD Armatori’s shipping assets has been cancelled by the local Court of Torre Annunziata, Naples. The fleet consisting of the 13 vessels (6 aframax tankers, 3 capesize and 4 post-panamax bulkers) together with charter contracts and personnel was set to […]
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Three ships sold by d’Amico this week
Rome-based d’Amico Società di Navigazione group has sold three ships this week. Shipping arm d’Amico International Shipping announced the sale of 2009-built medium range tanker for $16.4m to an undisclosed counterpart. The vessel was jointly owned with Mitsubishi Group through the DM Shipping joint venture, 51% controlled by d’Amico Tankers. The vessel will be operated […]
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Pillarstone launches new shipping platform, takes $350m of NPLs from Intesa and Unicredit
Pillarstone has revealed to Splash that it has just purchased from Intesa Sanpaolo and Unicredit several non-performing loans related to five shipping companies in Italy, and is now ready to launch its first shipping investment platform focusing on distressed assets. This project has been named F.I.NAV by Pillarstone, and the initial NPLs taken relates to […]
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Socomar adds its seventh tanker with Unicorn Shipping buy
Low profile Sorrento-based shipping firm Socomar has just purchased its seventh tanker according to market sources in Italy. The medium range tanker specialist has bought the 2010-built from Unicorn Shipping for a price of $14.8m. The price is lower than MSI’s valuation of , which may be linked to the special survey scheduled for 2020. […]
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Celsius named as buyer of d’Amico and Mitsubishi MR tanker
Denmark’s Celsius Shipping has been named by Allied Shipbrokers as the buyer of 2009-built medium range tanker . DM Shipping, a joint venture between Italy’s d’Amico Tankers and Japan’s Mitsubishi Group, announced the sale of the vessel last week for $16.4m. The vessel includes a time charter attached at $15,750 per day which will see […]
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MSC and Contship Italia given Gioia Tauro ultimatum
The fight between the two 50:50 shareholders of Medcenter Contianer Terminal, Italy’s main transhipment hub located in Gioia Tauro, is coming to an end as Italy’s transport minister, Danilo Toninelli, has given MSC and Contship Italia 30 days to sign a commitment aimed at investing and relaunching terminal operations. The Eurokai-controlled terminal operator did not […]
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