Italy has lost one of its most appreciated and active, yet low profile, shipowners Gianfranco Messina who died early this morning in Genoa. Messina had been involved in the family-owned Ignazio Messina & C. shipping company with the role of chairman since the 1960s, and while in the last decade he retired he still remained at the helm […]
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Gianfranco Messina dies aged 82
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Cooperate not liquidate, RBD Armatori pleads with Pillarstone
Naples-based RBD Armatori has sent a message to Pillarstone after the KKR-backed turnaround fund defined as a “technical step” the decision to send the shipping firm into bankruptcy protection. The RBD message, seen by Splash, states: “Pillarstone in some official documents and also according on what was reported by the press always said its final […]
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Bain Capital submits $138m Giuseppe Bottiglieri bid
Boston-based private equity firm Bain Capital has decided to bet some €120m ($138m) on the Italian Giuseppe Bottiglieri Shipping Company which is currently under protection through the ‘concordato preventivo’ procedure obtained by the Court in Naples. Splash reported a few weeks ago that the company headed by Giuseppe Bottiglieri and his daughter Mariella drew the […]
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Management changes at RBD Armatori
An Italian bankruptcy judge has okayed a new management team at beleaguered Naples owner RBD Armatori while also giving them an extra three months to come up with a restructuring plan to present to creditors. The line is owned by the Rizzo Bottiglieri de Carlini family but controlled by the turnaround fund Pillarstone Italy which […]
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Saipem awarded $900m Zohr contract in Egypt
Offshore engineering contractor Saipem has finalised $900m worth of offshore contract variations with Petrobel for engineering, procurement, construction and installation (EPCI) activities in the Zohr Field Development Project situated in the Mediterranean Sea off the Egyptian coast. The current variations to the scope of work include the installation of a 30-inch diametre gas export pipeline […]
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D’Amico closes third sale and leaseback deal
Luxembourg-based d’Amico International Shipping has closed a third MR tanker sale and leaseback deal, announced in the company’s latest set of result. The company, owned by the Italian cousins Paolo and Cesare d’Amico, announced the signing of a memorandum of agreement and bareboat charter contract for the sale and leaseback of the , a 49,990 dwt product tanker […]
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Augustea offloads elderly panamax bulker
The 2002-built panamax bulk carrier is being sold by Italy’s Augustea Group to Chinese investors according to several broker reports. The deal has been confirmed to Splash by Raffaele Zagari, head of Augustea. “The vessel was on the for sale list since it turned 15 years old and the price offered was considered acceptable. We […]
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Mednav heads to CSSC for MR tanker pair
Italian owner Mednav has placed its first newbuild order in over ten years, heading to China’s CSSC Offshore & Marine Engineering to order two 45,000 dwt MR2 tankers. The price for each vessel is $34m and delivery is scheduled in 2019. Mednav, which is run by and partly owned by Raffaele Bruno, currently operates a […]
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Saipem wins new orders in Africa and North Europe worth $370m
Italy’s Saipem has announced three new contracts in Africa and North Europe with a total value of approximately $370m. The Milan-based company has received from Eni Angola work orders in relation to the West Hub Development project as an addition to those previously assigned during 2016 and 2017. The work, which will be performed by Saipem’s E&C […]
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Eiffage in negotiations to take over Saipem’s maritime works activities
Civil engineering construction firm Eiffage has entered into exclusive negotiations with a view to acquire Saipem’s maritime works activities, the French company said in a statement. Saipem’s maritime works business clocked up nearly EUR100m of revenues last year and around 110 employees would be integrated into Eiffage as part of the deal. Eiffage is a one […]
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Petrojet and Rosetti Marino in talks for a new shipyard in Alexandria
Italy’s Rosetti Marino shipyard and Egyptian state-run EPC contractor Petrojet are in advanced discussions with a view to launching a shipbuilding yard at the latter’s marine equipment manufacturing site in Alexandria. The head of the Egyptian company, Salah Ismail, has met with the ceo of Rosetti Marino, Oscar Guerra, to discuss collaboration opportunities both inside […]
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Eni takes Saipem drillship to Morocco
Eni has taken the ultra-deepwater drillship for an exploratory well in Morocco’s Rabat Deep offshore zone. The vessel should be on site by March next year. Eni won the licence in January to explore the 200 sq km area which contains a Jurassic carbonate primary reservoir containing potentially up to 768m barrels of resources. This […]
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Fratelli d’Amato to exit liquid bulk with tanker sale to International Marine Services
The Naples-based Fratelli D’Amato shipping group is en route to exit the liquid bulk market as a consequence of the restructuring plan under negotiation with the Italian banks Unicredit and MPS among others. This week several broker sources report that the Luigi d’Amato chaired company is selling its last tanker, the 2002-built for some $7.5m […]
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Pillarstone to present new RBD Armatori rescue plan
A third attempt at a restructuring plan under the ‘concordato preventivo’ procedure of Italian law will be presented next month by Rizzo Bottiglieri de Carlini Armatori with the support of Pillarstone Italy according to a Debtwire report. In July, the KKR-controlled turnaround fund became the largest creditor of the Naples-based shipping company after purchasing non-performing-loans […]
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D’Amico International Shipping seals another sale and leaseback
The Italian shipping group d’Amico Società di Navigazione is proceeding with its sale and leaseback strategy in the liquid bulk market. The Rome-based firm led by the cousins Paolo and Cesare d’Amico has just announced that d’Amico International Shipping’s subsidiary d’Amico Tankers signed a memorandum of agreement and bareboat charter contract with a company fully-owned […]
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Scerni takes 10% share of International Andromeda Shipping
Monaco-based International Andromeda Shipping has welcomed Paolo Scerni, head of Scerni di Navigazione, as its new minority shareholder several sources report to Splash. The Italian owner who is now living and working permanently in Monaco took a 10% share thus becoming partner of the main shareholders Giangiacomo Serena di Lapigio and Massimo Filosa. International Andromeda […]
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Macron paves way for Fincantieri to take over STX France
France’s president Emmanuel Macron has found a solution to a shipyard spat that had soured diplomatic relations with neighbour, Italy. Italian shipbuilder Fincantieri will now take control of STX France. In July, Macron had temporarily nationalised the French yard, nixing a deal sealed by Fincatieri and another Italian investor to take a 55% stake in […]
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Augustea to invest $70m in new Pakistan coal transhipment project
Augustea Group of Italy will be the maritime branch of a new project soon to be launched by China Power International Holding that will lead to the construction of two new energy plants in Hub, Pakistan. The $2bn project will be located on the coastline of the Arabian Sea in western Pakistan’s Baluchistan province. The […]
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RBD Armatori’s top management face jail over alleged tax fraud
The top management of RBD Armatori of Italy – Giuseppe Mauro Rizzo, Roberto Rizzo, Ugo De Carlini, Orsola Bottiglieri and Grazia Bottiglieri – risk a sentence of up to five years in jail each and the requisition of real estate properties which are worth €35m ($41m). In a long running tax fraud case prosecutor Sergio […]
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Mario Mattioli elected chairman of Italian shipowner association Confitarma
Mario Mattioli, CEO of the Naples-based Cafima group, has been elected the new chairman of the Italian shipowner association Confitarma, succeeding Emanuele Grimaldi. The election of Mattioli comes after some troubled months for Confitarma, with four major shipping companies deciding to leave the association. MSC-related Grandi Navi Veloci, Evergreen-controlled Italia Marittima, Messina Group and d’Amico […]
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