Italian shipowners busy selling
Three Italian-related shipping firms are emerging on the market as potential sellers of two bulk carriers and one tanker. Ireland-based d’Amico Dry (part of d’Amico Società di Navigazione group) seems...
View ArticleThe ingredients of a great maritime nation
Caroline Huot from UniMarine reflects on Italy’s shipping strengths. My job as a global provider of marine lubricants keeps me travelling across the world more days of the year than perhaps is healthy....
View ArticleNavalmar UK: Selling up
Marina di Carrara: Enrico Bogazzi, a well known name in bulk shipping despite being a very low profile man, can see no way out for bulk carriers’ crisis and has decided to progressively offload all his...
View ArticleFratelli Cosulich forms bunkering alliance in Iran with IRISL
A new bunkering alliance between Italy’s Fratelli Cosulich and the Iranian national shipping group IRISL will take shape in the near future. Augusto Cosulich, head of the Genoa-based group, told...
View ArticleCesare d’Amico on new offices and rates rebounding
D’Amico Societa’ di Navigazione Group is widening its presence on the international shipping market, mainly in South America and in Asia. “At the beginning of 2016 we opened a new small office in Chile...
View ArticleGrimaldi proposes $10 per ton tax on CO2 emissions
Emanuele Grimaldi, chairman of Confitarma and CEO of Naples-based Grimaldi Group, has proposed a tax on ship emissions after the COP21 climate change summit held in Paris last December failed to...
View ArticleScafi takes over towage business in Rijeka port
Croatian company Jadrinska Pomorski Servis which owns a concession contract for towage services in the port of Rijeka, at crude oil terminal Omišalj and in the port of Zadar will soon become part of...
View ArticleWellard’s newest cattle carrier financed by Italian bank
Australian shipping company Wellard has secured a ship loan from the Italian bank Intesa Sanpaolo (through the bank’s Hong Kong branch) for the livestock carrier newbuilding recently delivered by Cosco...
View ArticleD’Amico Dry to offload another elderly panamax
Italian shipping company d’Amico Dry has started its strategy of dismissing aged dry bulk tonnage while taking delivery of newbuildings. Several shipbrokers are reporting that the 199-built is being...
View ArticleSaipem secures drilling contracts worth $170m
Italy’s Saipem has announced a host of new drilling contracts and extensions worth a total of around €150m ($169.7m). Eni Portugal has awarded Saipem a contract utilising Saipem 12000 for work offshore...
View ArticleRina: IPO is a chance for growth
There is no reason why classification societies should not be listed since their activity can depend neither on the clients nor on the shareholders. That’s the reply from Ugo Salerno, ceo of Italian...
View ArticleRosneft and Pietro Barbaro form shipping joint venture
Rosneft and Italy’s Pietro Barbaro have signed an agreement to establish a joint venture for what the pair described in a release as “international sea freight”. Pietro Barbaro will ship oil for...
View ArticleEC probes Naples port over contravention of state aid rules
The European Commission (EC) has opened an in-depth investigation questioning whether the Italian government propped up the Port Authority of Naples and Italian shipyard Cantieri del Mediterraneo...
View ArticleNew $554m credit facility for Italy’s Saipem
Saipem has subscribed a new credit facility for up to €554m ($615m) which will be used for the financing or refinancing of the company’s purchases of equipment and services from Norwegian exporters. An...
View ArticlePillarstone officially lands Premuda
Pillarstone Italy, a turnaround fund created by private equity giant KKR, is now officially the largest creditor of Genoa-based shipping company Premuda. “Following our previous press releases, Premuda...
View ArticleMSC looking at a new repair yard in Gioia Tauro
The world’s number two container carrier Mediterranean Shipping Company (MSC) will heavily invest in southern Italy in the coming years as Gianluigi Aponte’s group has just emerged as the new sole...
View ArticleTurkish seafarers found guilty of huge cocaine smuggling operation
The Turkish captain and second-in-command of a ship carrying a record £512m ($670m) worth of cocaine were convicted yesterday in a Glasgow court of an international drug smuggling operation. Some 3.2...
View ArticleMercury Shipbrokers falls into liquidation
Mercury Shipbrokers, one of the most important shipping firms based in Genoa and active in the field of sale and purchases of ships, will cease operations following the decision taken from its...
View ArticleLockton says it’s in the driving seat with PL Ferrari takeover
US-headquartered Lockton, the world’s largest privately owned global insurance broker, addressed many P&I club representatives in Genoa today, revealing plans in the shipping industry following the...
View ArticleVessel’s master involved in cocaine smuggling
Some 83kg of cocaine have been found inside a container onboard the 5,050 teu MSC-owned containership , which has been arrested at the port of Gioia Tauro in southern Italy. Twelve people have so far...
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