Calisa selling MR tanker to PetroVietnam
Genoa-based shipping firm Calisa, part of the Novella Group, is close to selling one of the four tankers in its fleet. Brokers sources report that the company, lead by Marco Novella, is offloading...
View ArticleGrimaldi in for six ro-ro vessels at Jinling shipyard
Naples-based Grimaldi Group has announced an order for six hybrid ro-ro vessels with Chinese shipyard Jinling for a total investment exceeding $400m. The deal just sealed is part of a bigger order for...
View ArticleItalian port workers to strike over self-handling
Workers are planning a strike on May 11, shutting down all Italian ports for the day, citing a need to improve safety. The strike is focusing on self-handling, where a ship’s crew loads or lashes...
View ArticleVard to build cable lay vessel for Prysmian Group
Norwegian offshore shipbuilder Vard has been awarded a contract by Italy’s Prysmian Group to design and construct a cable laying vessel valued at around €170m ($206.2m). The cable layer, designed by...
View ArticlePacific Basin snaps up Nova Marine Carriers handysize
Having spent the first four month of the year buying vessels, Lugano-based Nova Marine Carriers has turned seller by offloading handysize bulk carrier for a price of around $12.5m. Sources have...
View ArticleItalian shipping non-performing loans up for sale top $1bn
As of today in Italy there are roughly $1bn of shipping-related non-performing loans (NPLs) up for sale, according to Fabrizio Vettosi, managing director of the private equity fund Venice Shipping...
View ArticleFincantieri joins the 3D printing rush
Shipbuilders’ flirtation with 3D printing continues to mount. Australian metal additive manufacturing company, Titomic has entered into a MoU with Fincantieri Australia. The MoU, Titomic’s first for...
View Article13-strong RBD Armatori fleet to be auctioned with initial bargain $200m price...
The Court of Torre Annunziata in Naples has put up for sale at auction the entire shipping branch of RBD Armatori, the company which went bankrupt in January this year. A fleet of 13 ships made up of...
View ArticleLevantina Bulk to close down
Despite being a commercial success, Genoa-based Levantina Bulk is closing its operations. Levantina Bulk was founded in Italy in 2013 by the Visentini family, with a small stake owned by Pietro Repetto...
View ArticleMSC and Banca Carige agree deal for Messina restructuring
MSC and Banca Carige have sealed a pre-agreement fixing the main terms of the debt restructuring for Messina Group. MSC is now set to take a 49% stake in the Genoa-based conro shipping company. Sources...
View ArticleD’Amico, Rina and Telemar debut pioneering fleet operating centre
Italian d’Amico Group has partnered with Rina and Telemar to build a new fleet digital operating centre in Rome. The new centre will increase data collection from ships and provide greater detail on...
View ArticleSaipem awarded $1.3bn offshore EPCI contract
Italian offshore engineering contractor Saipem has been awarded an offshore pipeline project in the Middle East worth approximately $1.3bn. The contract involves engineering, procurement, construction...
View ArticleGrimaldi inks six more Jinling roros
Naples-based Grimaldi Group has just exercised the options for a further six roro ships with Jinling shipyard which are worth some $400m according to several sources familiar with the matter. The...
View ArticleConfitarma: Traditional shipping companies at risk in Italy
The ever increasing presence of financial investors such as Pillarstone and Bain Capital in the Italian shipping market is putting traditional shipping companies at risk. That’s the view of Mario...
View ArticlePillarstone: Premuda’s back in the market in buying mood
One year after KKR Capital’s turnaround fund Pillarstone Italy took control of Italian owner Premuda, the Genoa-based shipping firm is back in the market with positive results and very much in buying...
View ArticlePremuda and Star Bulk tipped to bid for RBD Armatori’s fleet
At least two companies are very likely to make an offer for Italian owner RBD Armatori’s fleet to be sold at auction for $200m on July 24, sources tell Splash. The two companies in question are...
View ArticleMSC to complete Messina deal by October
MSC’s acquisition of 49% stake in the Genoa-based conro shipping company Messina is expected to be sealed by October, reports Alphaliner. MSC and Banca Carige signed a pre-agreement this month, fixing...
View ArticleRINA appoints new shipping head
Nello Sulfaro has been appointed the new head of the shipping division at Italian classification society RINA. He will be in charge of the group’s marine and certification businesses. Sulfaro succeeds...
View ArticleDeutsche Bank shuffles shipping exposure
As HSH Nordbank gears up to make a renewed foray into shipping under new ownership, another big name in German ship finance is making moves of its own. Reuters is reporting Deutsche Bank has agreed to...
View ArticleOkee Maritime snaps up d’Amico boxship
Hamburg-based shipping company Okee Maritime will add a fourth containership to its fleet, taking the from d’Amico Dry, according to brokers. The Italian shipping group confirmed that the 1998-built...
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