A worker has died and two were injured following a crane collapse at an offshore oil platform managed by Italian oil and gas major Eni. The crane was in operation when it toppled from the Barbara F platform, about 60 km off the port of Ancona, hitting the supply vessel injuring two people aboard the […]
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Crane collapse kills worker on Eni platform in the Adriatic
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Finaval sells MR2 tanker to Falcon Navigation
Rome-based owner Finaval is selling one of the last few tankers in its fleet, according to broking sources which report the 2008-built Isola Bianca as sold to Falcon Navigation of Greece for $16m. If confirmed, the price would be in line with the vessel’s market value of $15.5m according to MSI. Falcon Navigation is an […]
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D’Amato bulk carrier sold in Chinese court auction
China’s Ningbo Maritime Court has sold the 2001-built panamax bulker via online platform Taobao, three years after the vessel was abandoned in China. The 74,700 dwt vessel was owned by Italian company UniCredit Leasing and was managed by Italian owner D’Amato di Navigazione. It has been laid up in Zhoushan’s ZTHI Shipyard since D’Amato was […]
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Fire hits Grimaldi con-ro off France
Grimaldi Group-controlled con-ro ship caught fire off the western coast of France while sailing from Hamburg to Casablanca in Morocco. A frigate from the British Royal Navy and a French rescue ship came to the Italian ship’s rescue soon after it caught fire and all the 27 people on board were taken to the French […]
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Burning Grimaldi conro Grande America sinks off France
A day after it caught fire off France, the Grimaldi Group-controlled conro vessel has sunk in the Bay of Biscay. The Naples-based company specified in a statement that the fire was “caused by some cargo loaded onboard the vessel and the firefighting operation by the crew had to be discontinued when the ship had to […]
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Amoretti Armatori orders chemical tanker pair at Xinle Shipbuilding
Italian tanker owner Amoretti Armatori Group, controlled by the Amoretti family, has signed newbuilding contracts with Ningbo Xinle Shipbuilding for the construction of two 4,500 dwt chemical tankers. Construction will start in the first half of this year and delivery is scheduled in 2020. It is the Italian owner’s first newbuilding order in nearly ten […]
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France braces for oil slick to wash ashore near Bordeaux
French authorities are bracing for a sizeable oil slick to hits its southwestern coast near Bordeaux on the weekend following the fire and subsequent sinking of Grimaldi’s conro in the Bay of Biscay on Tuesday. The oil slick, 10 km long and 1 km wide, is being tracked by local authorities who have also warned […]
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MSC set to become new owner of MCT Gioia Tauro
Following an ultimatum given by the Italian transport minister to solve the dispute between MSC and Contship Italia, the shareholders of Medcenter Container Terminal in Gioia Tauro, an end is now in sight after it was announced that Contship Italia has entered into negotiations with MSC for the sale of its 50% shares in CSM Italia […]
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D’Amico Tankers seals another sale and leaseback
Italy’s d’Amico International Shipping subsidiary d’Amico Tankers has agreed a sale and leaseback deal for 2014-built MR tanker . D’Amico has sold the Hyundai Mipo-built vessel for $25.7m and is bareboat chartered it back for a period of ten years. The sale will see the company generate around $9.6m in cash after the vessel’s existing […]
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TechnipFMC awarded Indonesian contract by Eni worth over $500m
Offshore services giant TechnipFMC has been awarded an integrated engineering, procurement, construction, transportation and installation contract by Eni for the Merakes project,offshore Indonesia. The contract covers five deepwater wells and their 50-km tie back to the existing Jangkrik floating production unit in Indonesia. Arnaud Piéton, president subsea at TechnipFMC, said the award is “an example […]
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D’Amico postpones LR1 tanker delivery
D’Amico International Shipping has reached an agreement with South Korean shipbuilder Hyundai Mipo Dockyard to delay the delivery of its last LR1 newbuilding under construction to September 2019. “This was a win-win solution for both the parties since the shipyard had more time to install the scrubber on the new vessel and for d’Amico International Shipping […]
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Italy’s belt road embrace
With Italy becoming the first G7 country to enter an MOU with China and its Belt Road Initiative (BRI), there are claims that the sky is about to fall in. Despite countries such as Germany and France already enjoying significant trade with China, Italy is accused of somehow letting the EU side down. Some context […]
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MSC takes over Gioia Tauro from Contship
Italy’s main hub of container transhipment in the port of Gioia Tauro is 100% controlled by MSC Group as of April 1. Contship Italia and Terminal Investment has announced to have formally reached an agreement for the sale of the remaining 50% stake of CSM Italia Gate, owned by Contship Italia, to Itaterminaux, a fully […]
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Falcon swoops for Finaval MR
Greece’s Falcon Navigation is listed as the taker of the 51,000-dwt (built 2008) by numerous brokers. The ship was sold by Italy’s Finaval. Brokers report the ship fetched just under $16m, in line with the valuation by MSI. Athens-based Falcon Navigation, founded and led by Archontia Gerakis, is close to celebrating 20 years in business. […]
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D’Amico adds four supramaxes after closing JV with Coeclerici
It has been a busy period for Rome-based D’Amico Società di Navigazione in the dry bulk segment. The Italian shipping company, controlled by the cousins Paolo and Cesare d’Amico, has just sold one of its supramax units and moved another two of them from its Medi Supra Pool to the pool managed by Monaco’s C […]
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Saipem awarded over $200m worth of offshore drilling contracts
Italy’s Saipem has been awarded new offshore drilling contracts in Norway and the Middle East totalling over $200m, the Milan-based company has announced. One contract was signed with German company Wintershall for the drilling of two wells plus two optional ones in continuity with previous engagements for operations offshore Norway. The contract will be executed […]
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Maurizio Aponte steps down from MSC
Maurizio Aponte, cousin of Gianluigi Aponte and one of Mediterranean Shipping Company’s (MSC) top executives from the very beginning, is stepping down to focus on a Naples-based ferry company belonging to the family. In a statement sent to Splash, MSC reported Aponte will move on from his role as executive director Europe at the start […]
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Banchero Costa Finanziaria buys stake in trading company
Genoa-based shipbroking group Banchero Costa has acquired a 35% stake in Saif, which operates in the trading of petroleum products (petcoke, coal and anthracite), alternative fuels and biomass. “Along with our partner Cauvin Metals we took control (70%) of the company Saif and its Turkish subsidiary Saif Enerji through our holding company Banchero Costa Finanziaria […]
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PB Tankers hits out at US sanctions
Italy’s PB Tankers has stated it is “shocked and concerned” by the action taken by the US Office of Foreign Assets Control in adding the company and a number of the company’s vessels to the current sanctions list in relation to trade with Venezuela. The company said in a release yesterday it will be taking […]
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Trieste, the skeleton in the closet?
As the dust settles on the signing Italy’s MOU with China, focus now shifts as to how this new arrangement between China and a G7 country will evolve. There is no doubting that the structure of China’s economic has undergone significant change over the last two years. Whilst China’s industrial output expanded 6.2% year-on-year in […]
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