PSA stamps control in Genoa
PSA International is bolstering is position in Genoa, firming a deal to take majority control of Terminal Sech, the city’s second largest box terminal, which sits alongside PSA Genova, the city’s top...
View ArticleGestion Maritime exits tanker market with double sale to Hafnia
Monaco-based Gestion Maritime has exited the MR sector with the en bloc sale of two ships to clients of Hafnia in Singapore, according to broker sources. The 2015-built sister ships Stenaweco Andrea...
View ArticleSaipem awarded new contracts by BP in Azerbaijan
Italy’s Saipem, in consortium with Boshelf LLC and Star Gulf FZCO, has been awarded three new contracts by BP for the development of the Azeri-Chirag-Gunashli oil and gas field offshore Azerbaijan. A...
View ArticleGrimaldi attacks oil refineries over ‘unjustified’ low sulphur bunker price...
Emanuele Grimaldi, CEO of Grimaldi Group and vice president of the International Chamber of Shipping, speaking at the Euromed Convention held in Sicily last week, attacked oil refineries for what he...
View ArticleExpress Holding: Italy’s newest shipping platform
Express Holding is the latest financial player to enter the shipping industry in Italy, promising to operate in the market with a different approach. “We don’t act as the traditional NPL managers are...
View ArticleShi.E.L.D. Services: Mine owners take control of commodity logistics
Limited port facilities in developing countries are giving an Italian company a chance to upscale an old business model. Corrado Cuccurullo is the CEO of Shi.E.L.D Services, the newly born management...
View ArticleMSC gets Italian antitrust approval for Messina deal
Italy’s antitrust authority has given the green light to a June agreement between MSC and Messina, which will see MSC become the new owner of four ships and a minority stake in the Genoa-based shipping...
View ArticleHanan Shipping takes small tanker from Amoretti
Hanan Shipping is to add a sixth tanker in its fleet. A public notice from the local Coast Guard in Augusta, Italy, informs that the 1999-built medium range tanker will soon change hands from Marittima...
View ArticleItaly votes for a Mediterranean ECA
Following Spain and France, Italy has now voted for the creation of an ECA in the Mediterranean basin. Talking at the annual assembly of Italian shipowners association Confitarma, the Italian...
View ArticleFincantieri offices raided
A host of companies linked to Italian shipbuilder Fincantieri have been accused of corruption, fraud and worker exploitation. Italian finance police raided offices of several companies working for...
View ArticleSaipem awarded subsea pipeline contract in Equatorial Guinea
Italian offshore engineering specialist Saipem has been awarded a contract in Equatorial Guinea to build a subsea pipeline. Total value of the contract is about $90-$100m. The 70km pipeline will...
View ArticleBain Capital puts three Giuseppe Bottiglieri bulkers up for sale
US-based private equity fund Bain Capital Credit has put three 10-year old bulkers of the fully controlled Giuseppe Bottiglieri Shipping Company on the market. Brokers tell Splash that the bulkers...
View ArticleRimorchiatori Riuniti Panfido orders innovative LNG bunker barge at Rosetti
Italian shipyard Rosetti Marino has received a new order from Rimorchiatori Riuniti Panfido of Venice for an innovative LNG bunker unit and related tug capable of refuelling ships in Venice and other...
View ArticleNova Marine Carriers opens Geneva grain desk
Lugano-based dry bulk specialist Nova Marine Carriers has announced the opening of a new branch office with a dedicated grain desk in Geneva, Switzerland. Vincenzo Romeo, CEO of Nova Marine Carriers,...
View ArticleSaipem awarded contracts worth $880m as rumours of Subsea 7 combination emerge
Italy’s Saipem has been awarded a subsea contract by ExxonMobil’s Esso Exploration and Production Guyana for the proposed Payara development project in the Stabroek block offshore Guyana The contract...
View ArticleSaipem awarded pair of offshore wind contracts
Italy’s Saipem has been awarded two new contracts in the offshore wind sector worth around €750m ($826m). French company EDF Renewables has awarded Saipem a contract for the construction of the Neart...
View ArticleFratelli Cosulich enters LNG joint venture with Novella and Autogas
Italy’s Fratelli Cosulich has made a step forward in the process to enter the Italian LNG bunker market by taking a stake in GnlMed, a purpose built joint venture previously 50-50 controlled by Novella...
View ArticleRomeo offloads cement carrier to Sirios Shipmanagement
After 17 years service, cement carrier was sold by the Romeo family-controlled Shipping Technical Management to Sirios Shipmanagement of Greece. The deal was confirmed to Splash by Vincenzo Romeo,...
View ArticleA new era starts for the Zacchello family with Maia Shipping
Motia Compagnia di Navigazione has completed the process of a €130m ($145m) debt restructuring through an agreement approved by a court in Venice. According to the approved plan Motia was closed down...
View ArticleItalian shipowners arrested in fraud and corruption case
The mayor of the Calabrian town of Villa San Giovanni, Giovanni Siclari, as well as Antonino Repaci and Calogero Famiani, chairman and the chief executive officer of the roro and ferry shipping company...
View Article