Deutsche Bank takes non-performing Finaval loans from Unicredit
Another Italian shipownbing company has found itself on Deutsche Bank’s radar for investment. Following the cases of RBD Armatori and Gestioni Armatoriali, the German bank has just purchased from...
View ArticleFour private equity funds circle around Rimorchiatori Riuniti’s towage business
Rimorchiatori Riuniti of Italy has started a process to secure a financial partner, targeting new investments and takeovers in its harbour towage business. The Genoa-based group headed by the Gavarone...
View ArticlePillarstone goes all in on RBD Armatori’s rescue plan
KKR-controlled turnaround fund Pillarstone has decided to go all in for RBD Armatori, the Naples-based shipping company whose non-performing loans are mostly in the hands of speculative investors,...
View ArticleRBD Armatori shareholders given jail time for tax evasion
The former management at Naples-based RBD Armatori have collectively been sentenced to over 30 years of jail in a tax evasion case. Following the guilty verdict delivered by the local court in Torre...
View ArticleUkrainian master disappears from MSC containership in Italy
A 54-year-old Ukrainian master has disappeared from the 2,000 teu containership while the vessel was en route from the Italian ports of Gioia Tauro to Genoa. The crew realised that the man, whose name...
View ArticleContship details La Spezia expansion plans
Italian terminal operator Contship is making a major investment to upgrade container infrastructure in La Spezia Port in northern Italy in an effort to meet increasing intermodal cargo demand....
View ArticleConfitarma: Time for Italian owners to grow up
The newly elected chairman of the Italian shipowners association (Confitarma), Mario Mattioli, has some specific dossiers to work at in the coming years but the main challenge for the local shipping...
View ArticleAugustea finds post-panamax for Pakistan coal project
Naples-based shipping group Augustea has found the post-panamax bulk carrier needed for the forthcoming coal transhipment project to be established off the coast of Pakistan. The CEO of the company,...
View ArticleCrewmembers suspected of killing MSC master
Two crewmembers of the have been arrested, suspected of having killed Yurii Kharytonov, master of the containership which is still under arrest alongside the Voltri Terminal Europa in the port of...
View ArticleDisagreements between Pillarstone and shareholders leave RBD Armatori on the...
Naples-based RBD Armatori is seeing its rescue hopes slip away as shareholders of the firm, the Rizzo Bottiglieri De Carlini families and main creditor Pillarstone Italy have yet to find the common...
View ArticleDeutsche Bank buys into Rimorchiatori Riuniti
Starting next week Deutsche Bank-controlled investment fund Deutsche Altrnative Asset Management will become a new minority shareholder of Rimorchiatori Mediterranei, the newly formed subholding...
View ArticleAponte makes plea to Italian ports to gear up
Mediterranean Shipping Company (MSC) will participate in the tender still to be launched by the Leghorn port authority for the new container terminal project called Piattaforma Europa which will enable...
View ArticleEni to quit shipowning with LNG carriers sale
Italian energy company Eni will quit the LNG carrier shipowning business in the near future the company told the seafarers unions in Italy. Sources tell Splash that Eni’s company LNG Shipping feels it...
View ArticleMarnavi: Trucker of the sea faces challenges head on
Naples-based Marnavi is one of the few shipping companies in Italy which was not involved in restructuring processes in recent years even though the chemical, liquid bulk and offshore markets in which...
View ArticleD’Amico sells and charters back product tanker
D’Amico International Shipping subsidiary d’Amico Tankers has sold 2005-built medium range product tanker for a price of $14.14m. D’Amico says the sale will generate around $7.2m for the company after...
View ArticleBulker set for auction after 13-month court battle in Jamaica
The Malta-registered bulk carrier will finally be auctioned off on January 8 after spending more than a year in Kingston Harbour. The ship was detained in Jamaica on behalf of Italian outfit Jebmed in...
View ArticleSaipem wins $400m in new contracts
Italy’s Saipem has been awarded a new E&C offshore contract by Saudi Aramco for engineering, procurement, construction activities off Saudi Arabia. The contract scope includes the engineering,...
View ArticleVenice Shipping & Logistics: Equity index launches
How much does investing in shipping yield today? It depends on the ship you choose as a target, on the financial leverage you use and obviously on the time horizon that you have. Venice Shipping &...
View ArticleGrimaldi takes over ro-ro terminal in Savona
Naples-based Grimaldi Group announced the takeover of the shipping agency and freight forwarder company Marittima Spedizioni which entirely controls Savona Terminal Auto. Savona Terminal Auto is the...
View ArticleLGR di Navigazione exits MR segment, eyes gas
Naples-headquartered LGR di Navigazione is on the verge of selling the last two tankers in its fleet. Brokers report that the Italian shipping company controlled by Carlo Pontecorvo is in the process...
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