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Europe
Heerema shipyard to close after Rosetti Marino deal falls through
Heerema Fabrication Group is to close its Zwijndrecht yard in the Netherlands after Italian group Rosetti Marino decided not to…
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Europe
Saipem scores $1.2bn worth of additional work offshore Egypt
Italian contractor Saipem has negotiated with Petrobel an offshore contract addendum worth more than $1.2bn for engineering, procurement, construction and…
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Europe
Navigazione Montanari seals big sale and leaseback deal with Sole Shipping
Fano-headquartered Navigazione Montanari has successfully completed a complex refinancing transaction of its existing $300m debt exposure with its long-term financing…
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Europe
Vgate debuts offshore container terminal concept for Venice
A purpose built Venice-based company called Vgate and led by local ship agent Alessandro Santi has presented a project to…
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Europe
Aldo Grimaldi passes away at the age of 96
Aldo Grimaldi, chairman of the Genoa-based Grimaldi Holding and former president of the Italian shipowners’ association Confitarma, has passed away…
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Europe
Michele Bottiglieri Armatore completes debt restructuring
Naples-based shipping company Michele Bottiglieri Armatore has just sealed a debt restructuring plan with a group of Italian banks (Banco…
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Europe
Stefano Rosina leaves Premuda to start new shipping advisory
Stefano Rosina, former chief executive officer of Premuda, has announced his exit from the Genoa-based shipping company now controlled by…
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Europe
Gestioni Armatoriali makes return with two MRs from Latvian Shipping
A few months after sealing the debt-restructuring plan with its banks which saw the company progressively transfer all its ships…
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Europe
Pillarstone and Dea Capital set up investment platforms for distressed Italian shipping companies
Pillarstone Italy and Idea Capital Funds are both poised to launch separate investment platforms focused on the Italian shipping market,…
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Europe
Marco Fiori set for top job at Premuda
Marco Fiori is set to join Genoa-based shipping company Premuda in January to take up the role of CEO, sources…
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Europe
Fratelli D’Amato sells entire PSV fleet to Caspian Marine
Italy’s Fratelli D’Amato Armatori has concluded its adventures in shipping after decades in the industry. Luigi D’Amato has revealed to…
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Europe
Gestioni Armatoriali sells tanker pair to Chandris Hellas
Piraeus-based shipping company Chandrios Hellas is reported as the new operator of a pair of MR2 tankers bought by Italy’s…
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Europe
Low sulphur bunker terminal to be built by Saras in central Med
Milan-based refinery group Saras is constructing a new bunkering terminal at its Sardinia plant in Sarroch and will market a…
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Dry Cargo
ArcelorMittal opens new Italian shipping arm
In conjunction with last week’s $1.3bn takeover of the steelmaker Ilva steel giant ArcelorMittal, in has also opened a new…
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Europe
Fincantieri and Brodosplit bid for Uljanik and 3 Maj shipyards
Fincantieri and Brodosplit shipyards officially submitted to the Croatian government their interest in taking over distressed competitor Uljanik together with…
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Europe
Gotland takes d’Amico bulker pair for juice tanker conversion
Dublin-based d’Amico Dry, part of the Italian group d’Amico Società di Navigazione, has just sold to Sweden’s Gotland Tankers a…
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Europe
Italian shipping bad loans on sale soar past the $1bn mark
On the Italian shipping market some $1.6bn of non-performing-loans (NPLs) have already been dismissed by several national and international banks…
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Europe
Giuseppe Bottiglieri puts entire tanker fleet up for sale
Naples-based Giuseppe Bottiglieri Shipping Company intends to sell all its fleet of tankers according to broking sources. The four MR1…
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Europe
Cosulich and Novella team up for new LNG terminal in the port of Genoa
Genoa-based Cosulich and Novella groups are working together with the aim to provide LNG to the port of Genoa in…
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Europe
Cleanup operations continue in the Mediterranean
Salvors are struggling to seperate the Tunisian ropax Ulysse, whose bulbous bow is firmly lodged in the side of the…
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