Nova Marine Carriers flipping bulker for handy profit
Lugano-based Nova Marine Carriers group is expected to make a profit from the sale of one of two 2011-built handysize bulk carriers bought just six months ago. Broking sources report this week that the...
View ArticleShelf Drilling awarded Adriatic Sea contracts by Eni
Dubai-based Shelf Drilling has secured a new contract and contract extension from Eni for operations in the Adriatic Sea, offshore Italy. Shelf has been awarded a two-year contract for the 1982-built...
View ArticleGrimaldi announces a new series of ship orders
Following the renovation of ACL’s fleet, new orders for Finnlines and Grimaldi Euromed’s short sea routes and the new car carriers deployed on the Europe – North America trade transporting new vehicles...
View ArticleFight to contain big spill in the Med
Italian and French experts are on the scene in the Mediterranean fighting a major oil spill. Two cargo ships collided near the island of Corsica on Sunday afternoon, causing a leak of some 600 cu m of...
View ArticleFears grow oil will wash ashore from Med collision
French and Italian authorities have worked hard to contain a big spill in the Mediterranean, however the oil is spreading fast and is likely to wash ashore. An inflatable boom has now been deployed...
View ArticleCleanup operations continue in the Mediterranean
Salvors are struggling to seperate the Tunisian ropax Ulysse, whose bulbous bow is firmly lodged in the side of the boxship , following a collision on Sunday which has led to a sizeable oil spill north...
View ArticleRopax finally separated from boxship off Corsica
A combination of wave activity and work by salvors finally managed last night to disentangle two ships that had collided north of Corsica on Sunday. At around 9.30pm last night the Tunisian ropax...
View ArticleSaipem awarded new contracts worth $400m
Italy’s Saipem has signed new contracts in Azerbaijan, the North Sea and the Republic of Congo worth a total of around $400m. Total has awarded a SURF contract to the consortium between Saipem...
View ArticleGiuseppe Bottiglieri puts entire tanker fleet up for sale
Naples-based Giuseppe Bottiglieri Shipping Company intends to sell all its fleet of tankers according to broking sources. The four MR1 sister ships – Mariella Bottiglieri, Alessandra Bottiglieri,...
View ArticleCEO of d’Amico International resigns
Marco Fiori, CEO of d’Amico International Shipping, is resigning, citing personal reasons. His resignation will be effective from December 31. Fiori has been with the Italian shipping company for the...
View ArticleItalian shipping bad loans on sale soar past the $1bn mark
On the Italian shipping market some $1.6bn of non-performing-loans (NPLs) have already been dismissed by several national and international banks while a further $1bn are currently on sale and expected...
View ArticleGotland takes d’Amico bulker pair for juice tanker conversion
Dublin-based d’Amico Dry, part of the Italian group d’Amico Società di Navigazione, has just sold to Sweden’s Gotland Tankers a pair of modern handysize bulk carriers for a total price of $40m. The...
View ArticleArcelorMittal opens new Italian shipping arm
In conjunction with last week’s $1.3bn takeover of the steelmaker Ilva steel giant ArcelorMittal, in has also opened a new shipping company called ArcelorMittal Italia Maritime Services. This brand new...
View ArticlePaolo d’Amico to take the reigns at d’Amico International
D’Amico International Shipping has announced that chairman Paolo d’Amico will take over from Marco Fiori, who resigned last month, as chief executive officer. D’Amico, who was also nominated as...
View ArticleLow sulphur bunker terminal to be built by Saras in central Med
Milan-based refinery group Saras is constructing a new bunkering terminal at its Sardinia plant in Sarroch and will market a new low sulphur fuel before 2020 the CEO of the company Dario Scaffardi told...
View ArticleGestioni Armatoriali sells tanker pair to Chandris Hellas
Piraeus-based shipping company Chandrios Hellas is reported as the new operator of a pair of MR2 tankers bought by Italy’s Gestioni Armatoriali and already renamed Aktea and Aegea. Both the 10-year-old...
View ArticleFratelli D’Amato sells entire PSV fleet to Caspian Marine
Italy’s Fratelli D’Amato Armatori has concluded its adventures in shipping after decades in the industry. Luigi D’Amato has revealed to Splash that the Naples-based shipping firm he controls has just...
View ArticleMarco Fiori set for top job at Premuda
Marco Fiori is set to join Genoa-based shipping company Premuda in January to take up the role of CEO, sources have revealed to Splash. Fiori resigned from d’Amico International Shipping in October and...
View ArticlePillarstone and Dea Capital set up investment platforms for distressed...
Pillarstone Italy and Idea Capital Funds are both poised to launch separate investment platforms focused on the Italian shipping market, with an aim to invest in mid-sized enterprises in distress,...
View ArticleGestioni Armatoriali makes return with two MRs from Latvian Shipping
A few months after sealing the debt-restructuring plan with its banks which saw the company progressively transfer all its ships – nine bulkers and three tankers – to Deutsche Bank and Attestor...
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