Genoa-based shipping firm Carbofin, part of Carboflotta group, has just signed a MOA for the purchase of a resale newbuilding LPG tanker from South Korean shipyard Hyundai Heavy Industries. “We are finalizing an investment which is worth some $45m for a mid-size LPG tanker newbuilding still to be delivered by the shipyard,” Carboflotta’s chairman Enrico […]
↧
Carboflotta snaps up a LPG tanker resale from Hyundai Heavy Industries
↧
Marnavi places new chemical tanker order at Wuchang Shipbuilding
Naples-based shipowner Marnavi has set up a joint venture with Simest aimed at investing in new parcel chemical tankers. “We have just signed the order for a 15,000 dwt newbuilding with the delivery scheduled before the end of 2019” Marnavi’s chairman Demenico Ievoli told Splash. “The investment for this order stands around $30m” the seasoned […]
↧
↧
NovaAlgoma Short-Sea Carriers adds a mini-bulker
Lugano-based NovaAlgoma Short-Sea Carriers announced the purchase of a mini bulker from Norwegian Owners Oslobulk. The vessel previously operating as Sian C and now renamed was built in Japan in 2006 as part of a group of six sister vessels. “This purchase reunites her with the fove sister vessels already under NASC’s commercial management,” the […]
↧
Saipem awarded $380m worth of contracts
Italy’s Saipem has been awarded new offshore E&C works, offshore drilling and onshore drilling contracts worth around $380m. The company has signed a contract with Eni Angola in relation to the West Hub Development project in Angola. The activities will be carried out by the offshore E&C division and encompass the engineering, procurement, construction and […]
↧
D’Amico International Shipping nets $13m from another sale and leaseback
D’Amico International Shipping subsidiary d’Amico Tankers has signed an agreement for the sale and leaseback of 2015-built medium-range product tanker . The South Korean built vessel was sold for $28m, and the transaction will see d’Amico Tankers generate around $13.4m in cash after the reimbursement of the vessel’s loan. The funds will contribute to the […]
↧
↧
Moby sells ageing ro-ro to Unity Line
Compagnia Italiana di Navigazione, once public ferry operator Tirrenia and now owned by Moby, has sold ro-ro vessel Puglia to Polish shipping company Unity Line. The Milan-based group officially announced on the Luxembourg stock exchange that the vessel had been “sold to a foreign purchaser” and will net is around €15m cash. At the end of the […]
↧
D’Amato’s last bulk carrier finally secures Jamaican exodus
The 2011-built bulk carrier , after being arrested a year ago in the port of Kingston, Jamaica, has finally been sold at auction for $10.3m according to VesselsValue.com. Some 15 shipping companies submitted their offers to the Admiralty bailiff of Jamaica but only five owners took an active part in the tender. Sources revealed to […]
↧
RBD Armatori declared bankrupt
Naples-based shipping company RBD Armatori was formally declared bankrupt by the Court of Torre Annunziata on Thursday. A few weeks ago the company controlled by the Rizzo, Bottiglieri and De Carlini families saw the opportunity to present its third rescue plan dismissed by shareholders and its main creditor, Pillarstone Italy. Given that situation and the […]
↧
Augustea and OceanBulk in for Giuseppe Bottiglieri
Three years after purchasing the dry bulk branch of Deiulemar Shipping, Augustea and Ocean Bulk are joining forces again to grab another Italian shipping company. According to local media in Italy, a newly formed company renamed Lighthouse submitted to the local court in Naples a restructuring plan in competition with the one produced by Bain […]
↧
↧
D’Amato heads for a comeback in the shipping business
Denying that the bulk carrier recently sold at auction may be somehow linked to her family, Maddalena D’Amato, daughter of the seasoned shipowner Michele D’Amato, announced to Splash the forthcoming return on the market of the Naples-based shipping company D’Amato di Navigazione. Maddalena d’Amato in a statement pointed out that D’Amato di Navigazione has not […]
↧
Rival shipowning association launches in Italy
Following the exodus from Confitarma, the Italian shipowners association, of some key players such as Ignazio Messina & C., Grandi Navi Veloci and Italia Marittima a new association representing the local shipping cluster has been established called AssArmatori. Among the members of the new group there are all the companies involved in the short sea […]
↧
Moby updates fleet with new ro-ro pair
Italy’s Moby Group has chartered in two new ships due to be operated in the Mediterranean on routes covered by Tirrenia and Moby Lines. According to local publication Ship2Shore the Milan-based company, headed by Vincenzo Onorato and his sons Alessandro and Achille, fixed a 5-year time charter from Siem Group for two 4,100-lanemetre ro-ro vessels built […]
↧
T-Bulk sells its last bulk carrier to Navalmar
Carrara-based T-Bulk, part of Tirrena Group, is in the process to sell the last vessel in its fleet to compatriot Bogazzi Group through Navalmar UK. Several sources reported to Splash that the 1998-built is being sold for a price in the range between $4m-$4.3m and delivery is expected to take place soon in Chittagong where […]
↧
↧
Fincantieri finally seals complex deal to take over STX France
Italian shipbuilder Fincantieri finally on Friday bought a long discussed 50% stake in STX France for EUR59.7m. French President Emmanuel Macron strained relations with Italy last summer by ordering a “temporary” nationalisation of STX France, based in Saint-Nazaire in western France, cancelling a deal in which Fincantieri and another Italian investor had agreed to buy […]
↧
Giuseppe Bottiglieri rescue plan rejected
Giuseppe Bottiglieri can breathe a sigh of relief after a court in Naples rejected a rescue plan presented by Augustea and Ocean Bulk which is competing with Bain Capital, the latter of whom has received support from Bottiglieri. According to Debtwire, Augustea and OceanBulk’s proposal was rejected because instead of buying up 10% of Giuseppe Bottiglieri […]
↧
Nova Marine Carriers confirms one deal, dismisses another
Lugano-based Nova Marine Carriers has confirmed a new entry in its shortsea dedicated fleet while dismissing reports linking it to the purchase of a modern handysize bulk carrier. “Nova Marine Carriers and Algoma Central continue to expand their Nova Algoma Shortsea Carriers fleet, with January’s purchase of . Sirios is off to a busy start, […]
↧
Battle for Giuseppe Bottiglieri heats up
The battle for control of Italian owner Giuseppe Bottiglieri Shipping Company is not over. Despite a court in Naples dismissing Lighthouse’s latest restructuring plan for the line, an appeal has been lodged. Lighthouse – a vehicle jointly owned by Zagari controlled Augustea and Pappas controlled Oceanbulk – is in a tussle to take over the […]
↧
↧
Bottiglieris dismiss Zagari’s ‘misleading statements’
The battle for control of debt laden Italian line Giuseppe Bottiglieri Shipping Company (GBSC) is getting more heated. Despite a court in Naples dismissing Lighthouse’s latest restructuring plan for the line, an appeal has been lodged. Lighthouse – a vehicle jointly owned by Zagari controlled Augustea and Pappas controlled Oceanbulk – is in a tussle […]
↧
Taconic Capital buys into Gestioni Armatoriali
Ravenna-based Gestioni Armatoriali has been forced to welcome Taconic Capital among its creditors, sources familiar with the matter confirmed to Splash. The private equity fund purchased a non-performing-loan (NPL) which is worth $49m from Italy’s Ubi Banca thus becoming the second speculative investor stepping into the company controlled by Nicola, Coccia, Bruno Castaldo and the […]
↧
Maltese Falzon swoops for elderly tanker
Malta-based Falzon Group is adding an elderly tanker to its fleet. Brokers are reporting that in the chemical sector the sale of the was sold to the Maltese owner for a price in the region $4m. To date this ship had been part of Navigazione di Cabotaggio’s fleet, a small shipping company controlled by the […]
↧