PB Tankers files for court protection in Italy
Rome-based PB Tankers has filed for court protection in Italy under the bankruptcy law following the action taken by the US Office of Foreign Assets Control to add the company and six tankers to the...
View ArticleUS authorities remove sanctions on PB Tankers
The US Office of Foreign Assets Control (OFAC) has removed restrictions on Italian owner PB Tankers and unblocked previously sanctioned vessels involved in in relation to oil trade with Venezuela. In...
View ArticleAugusta teed up as low sulphur bunkering hub
Genoa-based Bunker Energy is promoting the port of Augusta as a leading hub for low sulphur fuel bunkering for ships sailing cross-Med. “To achieve this goal, the company initiated a marketing and...
View ArticleItaly debates tonnage tax changes
The Italian shipping industry is split today into two parts with Confitarma (backed by Grimaldi Group) on one side and the newly created Assarmatori (led by Messina Group’s CEO Stefano Messina and...
View ArticleBanchero Costa: 51 years as a broker
Despite bigger companies, challenging market conditions, trade wars, newcomers on the ship financing market and digital disruption, there will always be a space in shipping for shipbrokers, argues...
View ArticleSaipem wins $160m worth of drilling contracts
Italian oil and gas contractor Saipem has been awarded new contracts for offshore drilling projects in Romania and Abu Dhabi worth over $160m in total. In the Black Sea off Romania, the company’s...
View ArticleYildirim set to debut in Italy with container terminal at Taranto
Yilport Holding is set to make a debut in the Italian container market after Robert Yuksel Yildirim, president and CEO of Yildirim Group, announced with a post on Twitter that the company is ready to...
View ArticleYilport targets over two million teu for Taranto
Turkey’s Yilport Holding is targeting an annual throughput of over two million teu in ten years time at Taranto Container Terminal in Italy. That’s what Sergio Prete, president of the local port...
View ArticleSaras set to start bunkering operations in Cagliari
Saras Group, which operates the refinery plant based in Sarroch, announced in its most recent half year financial report that it has received all the necessary approvals and will commence bunkering in...
View ArticleControl of chemical tanker owner Finbeta goes to newcomer Chemtank
Savona-based Finbeta, a shipping firm founded by the Bertani family and active in the chemical tanker business with a fleet of five ships, has changed hands and is now controlled by Chemtank. The...
View ArticleSaipem to set up spool-base in the US
Italian offshore contractor Saipem has announced that it will establish a spool-base on Greenwood Island, Mississippi, to support pipelay vessel . The Saipem spool-base will be located within the...
View ArticleGlencore and d’Amico JV offloads MR tanker
Glenda International Shipping, the joint venture between Glencore Group and d’Amico International Shipping’s d’Amico Tankers, has announced the sale of 2009-built MR tanker for $19m. A statement from...
View ArticleAmoretti Armatori takes Gotland tanker pair
Italian owner Amoretti Armatori Group, controlled by the Amoretti family, have purchased two handysize tankers, doubling its exposure in this vessel size, brokers tell Splash. The active owner has...
View ArticleAmoretti Armatori sells small tanker to NT Marine
Following a recent orders for a pair of small tankers in China and the purchase of two MR1s from Rederi Ab Gotland, Parma-based shipping company Amoretti Armatori has just completed the sale of one of...
View ArticleAugustea offloads panamax as Oceanbulk joint venture expands fleet
Italian shipping company Augustea Atlantica has just sold the 2005-built panamax bulk carrier to Chinese group Orient Express for around $8.5m. The buyer has renamed the vessel Express Prima. Raffaele...
View ArticleSR Shipping takes d’Amico supramax
Italian shipowner d’Amico Dry has sold 2008-built supramax bulk carrier . Confirming the sale to Splash, the company said: “We can confirm the sale of the m/v Medi Valencia (56,000 dwt) but we cannot...
View ArticleRBD Armatori’s fleet to be split in two
Seven months after Reuben Brothers’ private equity fund presented an offer to buy out all the assets controlled by the bankrupt Italian shipping company RBD Armatori, it now emerges that Pillarstone...
View ArticleDouble homicide on Italian tanker under investigation
Police are investigating a double homicide onboard the tanker in the Caribbean. The Italian flagged ship moored at the Dutch controlled Orange Bay Harbour on Thursday morning with police boarding the...
View ArticleCagliari looking for new terminal operator
The port authority of Cagliari announced that a new public tender will be launched soon in order to find a new operator for the local container terminal which has been managed for the last 22 years by...
View ArticleVitiello brothers make dry bulk return to shipping
A famous Italian name in shipping is on the verge of making a dry bulk comeback. Brothers Luca (pictured) and Riccardo Vitiello are being widely tipped as closing a deal to buy the nine-year-old...
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