Pillarstone set to become main shareholder of Premuda
The KKR-controlled turnaround fund Pillarstone Italy is about to become the majority shareholder of the Genoa-based Premuda. Last summer, the investment vehicle became the largest creditor of the...
View ArticleSuardiaz and Sarda Bunkers invest in new bunker vessels
Spanish shipping company Suardiaz has finalised an order for three bunker vessels capable of transporting traditional fuels and LNG. Juan Riva, ceo of the Madrid-based company, told Splash: “The order...
View ArticleEni sells stake in Egypt’s Zohr gas field to Rosneft
Italian energy company Eni has agreed to sell a 30 percent stake in a giant Egyptian offshore gas field to Russia’s Rosneft for $1.5bln, pressing ahead with asset sales to fund investment amid weak oil...
View ArticleEni and Sonatrach fix gas supply deal
Italian oil company Eni and Algeria’s Sonatrach have reached an agreement covering almost 20% of Italy’s gas imports for the 2016-207 thermal year. Eni’s CEO Claudio Descalzi said: “I am particularly...
View ArticleUnicredit rules out quitting shipping
Italy’s Unicredit will not exit the shipping industry its ceo, Jean Pierre Mustier, said yesterday in London while outlining a restructuring plan. The Frenchman at the helm of the bank said that...
View ArticleSaipem lands EPRD contract from BP
Italian offshore services company Saipem has been awarded a engineer, procure, remove and dispose (EPRD) contract by BP for the decommissioning of the topsides and jacket of BP’s Miller Platform. The...
View ArticleMarnavi wins auction for small tanker
Naples-based Marnavi has emerged as the buyer of the tanker vessel sold at auction in Italy. Domenico Ievoli, chairman of the company, confirmed to Splash: “We took the Quercianella for some €6.5m...
View ArticleMaersk containership runs aground in Southern Italy
9,000 teu containership grounded early this morning while transiting in the Strait of Messina, Southern Italy. According to the local coast guard reported, the ship owned by Maersk departed from...
View ArticleGeneral cargo ship Ardita sold by Setramar to McKeil Work Boats
The 9-year-old general cargo ship has been sold by the Italian shipping company Armamento Setramar to McKeil Marine Group of Canada. The deal has been revealed by the international law firm Watson...
View ArticlePB Tankers: Bound for Asia and closer relations with the Russian partners
Headquartered in Italy, with partners in Russia and new plans to increase business in Asia. That’s the Palermo-based Barbaro Group in brief, a company active in the field of transportation of crude and...
View ArticleTrading Fabrizia not sold, not for sale and still arrested in Jamaica
Greece’s Thalkat Shipping did not buy the 2011-built , contrary to what has been reported by several brokers and media. Francesco Organista, head of the Italian leasing company Capitalease, which has...
View ArticleGiuseppe Bottiglieri Shipping Company seeks bankruptcy protection
Another Italian company will undergo an in-depth restructuring process. “Giuseppe Bottiglieri Shipping company filed for bankruptcy protection under the Italian law,” the Naples-based firm said in a...
View ArticleGreece’s Omicron in for a d’Amico panamax
Omicron Ship Management’s fleet is ready to grow up to six units. The Kallithea-based shipping firm emerged as buyer of the 2005-built according to the latest Seasure market report. As of today the...
View ArticleGiuseppe Bottiglieri’s tanker fleet up for sale
Following the news on Friday that Naples-based Giuseppe Bottiglieri Shipping Company had filed for bankruptcy protection under Italian law, the chairman and CEO Giuseppe Bottiglieri explained that the...
View ArticleMore Italian shipowner restructuring to follow Bottiglieri
More shipowners in Italy, particularly those involved in dry bulk, will follow Giuseppe Bottiglieri seeking court protection from creditors in order to restructure debts, a banking source has revealed...
View ArticleMSC to invest in Genoa terminal
MSC Group is ready the get a foothold in the port of Genoa where it already controls the local cruise terminal. According to local media, the group founded by Gianluigi Aponte seems to be in a very...
View ArticleD’Amico sells tanker pair to Sea World Management, charters back
D’Amico International Shipping has sold two medium range product tankers, High Endurance and High Endeavour, to Sea World Management for a price of $13.5 million each. D’Amico will continue to operate...
View ArticleGiuseppe Bottiglieri’s mistimed orders led to bankruptcy
Analysts Alphabulk have run the numbers on insolvent Giuseppe Bottiglieri Shipping (GBS) and shown how badly the Italian firm read the dry bulk market. GBS filed for court protection in Italy on...
View ArticleGarolla: Fleet diversification drive
The company’s last investment was a new bunker vessel to be deployed in southern Italy but for the Naples-based Garolla Group further diversification and opportunities are still to come either for the...
View ArticleFratelli D’Amato shuts two companies and transfers five PSVs
The Naples-based Fratelli D’Amato shipping group has just put into liquidation two companies and will transfer the property of five PSVs left in its fleet into a new single purpose vehicle. Fratelli...
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