D’Amico International Shipping: Three reasons why product tankers are at a...
A reduced orderbook for new tankers, an increasing tonne/mile ratio and sea transport demand from refined products constantly soaring: these are the three reasons why Paolo d’Amico, executive chairman...
View ArticleSaipem awarded SURF contract by ExxonMobil in Guyana
Italian oil and gas contractor Saipem has been awarded an EPCI contract for the SURF package of the proposed Liza project, a subsea development offshore Guyana. The project, awarded by ExxonMobil...
View ArticleSecondhand ship prices fall to lowest level since 2000
Five-year-old ship prices are back to the same level of spring 2000, according to the latest market overview recently presented by Italian broking house Banchero Costa. The market value of 2012-built...
View ArticleD’Amico seals Japanese sale and lease back deal
D’Amico International Shipping S.A. has just announced that its operating subsidiary d’Amico Tankers signed a memorandum of agreement and bareboat charter contract for the sale and leaseback of the...
View ArticleUnsafe at any draft – Part one
Captain Schettino of the Costa Concordia is off to jail to start his 16-year sentence for manslaughter. Most of the dependents of the men lost with the Stellar Daisy have accepted offers of...
View ArticleFincantieri seals $88.6m deal for majority stake of STX France
Italian shipbuilder Fincantieri has signed a share purchase agreement with STX Europe to acquire their 66.66% stake of STX France for €79.5m ($88.6m). Fincantieri is now negotiating with the French...
View ArticleEni and Fincantieri sign cooperation agreement for LNG power systems
Oil company Eni and shipbuilder Fincantieri have signed a cooperation agreement for the development of natural gas power systems. The Italian companies announced that a bilateral Memorandum of...
View ArticleEni ready to sign FLNG order for Mozambique with Samsung
Italian energy company Eni will complete its long-awaited final investment decision on a large liquefied natural gas (LNG) project offshore Mozambique this week according Reuters. The Coral South...
View ArticleConfitarma: Challenges plaguing Italian shipping
The Italian merchant fleet, despite the downturns recently recorded, is still a force to be reckoned with: second in Europe and third between the fleets of the major countries gathered in the G20 and...
View ArticleSaipem wins host of new offshore contracts
Italian companies Saipem and Eni have announced the signing of a contract for offshore drilling activity in Mozambique, utilising the drillship . The contract is of 15 months’ duration commencing...
View ArticleGrimaldi bets on lithium batteries
Many shipowners are dealing with the decision whether to adopt MGO, LNG or scrubbers for their ships in order to be compliant with the emission reductions introduced by IMO but there are also other...
View ArticleSpinelli buys Genoese dry bulk terminal
Genoa-based Spinelli Group, a company controlled by the local Spinelli family along with the iCON Infrastructure fund, has bought 80% of Terminal Rinfuse Genova from Italiana Coke. This is the first...
View ArticleRBD Armatori’s rescue plan rejected by creditors
Creditors of Naples-based shipowner RBD Armatori have rejected the latest version of the rescue plan prepared by its legal and financial advisors. In particular due to abstention from the vote of MPS...
View ArticleBain Capital looking at Giuseppe Bottiglieri’s debts
Giuseppe Bottiglieri Shipping Company seems to be attracting the interest of financial investors in an effort to find an agreement on a restructuring plan following the bankruptcy protection obtained...
View ArticleSaipem secures new Saudi Armco order and Angola FPSO extension
Italy’s Saipem has announced new contracts totalling $500m from the Middle East, Africa and Caspian Sea. The first project is related to a new E&C Offshore contract by Saudi Aramco for EPCI...
View ArticleGE Power and Fincantieri collaborate on reducing ship emissions
GE Power and Fincantieri have announced a new partnership for the co-development of a new emission control solution to reduce pollution in the marine industry. Shipboard Pollutant Removal System will...
View ArticlePillarstone moves to take control of RBD Armatori
Pillarstone Italy is poised to become main shareholder of the Naples-based shipping firm RBD Armatori. The KKR-controlled turnaround fund has just become the largest creditor of the company after...
View ArticlePillarstone puts RBD Armatori under bankruptcy protection
A few days after purchasing non-performing loans from Intesa Sanpaolo and MPS totaling $638m, Pillarstone has filed for bankruptcy protection for Italy’s RBD Armatori. Several sources confirmed to...
View ArticleD’Alesio offloads ageing MR tanker to Nigerian group Matrix
Italy’s Dalmare has sold the 2002-built medium range tanker to Nigerian buyers. Mauro D’Alesio, chief financial officer of the Leghorn-based D’Alesio Group, confirmed to Splash that “a MOU has been...
View ArticleMattioli succeeds Grimaldi at the helm of Italy’s Confitarma
As from the next assembly due to be held in Rome next September Mario Mattioli will be officially elected as the new chairman of the Italian shipowners association. Mattioli heads the family-owned...
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