Splash 247

Management changes at RBD Armatori

Management changes at RBD Armatori

Array
(
    [0] => WP_Term Object
        (
            [term_id] => 57
            [name] => Dry Cargo
            [slug] => dry-cargo
            [term_group] => 0
            [term_taxonomy_id] => 57
            [taxonomy] => category
            [description] => Stay updated on what's going on in the Dry Cargo sector while browsing the Dry Cargo news archive. 

Find the latest maritime and shipping news on Splash 24/7.
            [parent] => 54
            [count] => 2097
            [filter] => raw
            [cat_ID] => 57
            [category_count] => 2097
            [category_description] => Stay updated on what's going on in the Dry Cargo sector while browsing the Dry Cargo news archive. 

Find the latest maritime and shipping news on Splash 24/7.
            [cat_name] => Dry Cargo
            [category_nicename] => dry-cargo
            [category_parent] => 54
        )

    [1] => WP_Term Object
        (
            [term_id] => 70
            [name] => Europe
            [slug] => europe
            [term_group] => 0
            [term_taxonomy_id] => 70
            [taxonomy] => category
            [description] => Stay updated on what's going on in Europe by browsing the European region news archive. Find the latest maritime, offshore and shipping news on Splash 24/7.

Find here the updated list of the latest news about the European region. Browse Splash 24/7 for more maritime and shipping news.
            [parent] => 55
            [count] => 5144
            [filter] => raw
            [cat_ID] => 70
            [category_count] => 5144
            [category_description] => Stay updated on what's going on in Europe by browsing the European region news archive. Find the latest maritime, offshore and shipping news on Splash 24/7.

Find here the updated list of the latest news about the European region. Browse Splash 24/7 for more maritime and shipping news.
            [cat_name] => Europe
            [category_nicename] => europe
            [category_parent] => 55
        )

    [2] => WP_Term Object
        (
            [term_id] => 58
            [name] => Tankers
            [slug] => tankers
            [term_group] => 0
            [term_taxonomy_id] => 58
            [taxonomy] => category
            [description] => Stay updated on what's going on in the shipping and tankers sector by browsing the tankers news archive. Find the latest maritime and shipping news on Splash 24/7.

Find here the updated list of the latest news about tankers. Browse Splash 24/7 for more maritime and shipping news.

            [parent] => 54
            [count] => 1546
            [filter] => raw
            [cat_ID] => 58
            [category_count] => 1546
            [category_description] => Stay updated on what's going on in the shipping and tankers sector by browsing the tankers news archive. Find the latest maritime and shipping news on Splash 24/7.

Find here the updated list of the latest news about tankers. Browse Splash 24/7 for more maritime and shipping news.

            [cat_name] => Tankers
            [category_nicename] => tankers
            [category_parent] => 54
        )

)

An Italian bankruptcy judge has okayed a new management team at beleaguered Naples owner RBD Armatori while also giving them an extra three months to come up with a restructuring plan to present to creditors.

The line is owned by the Rizzo Bottiglieri de Carlini family but controlled by the turnaround fund Pillarstone Italy which became its main creditor after recently purchasing non-performing-loans from Intesa Sanpaolo and MPS totalling $638m.

The new members of the board are Corrado Gatti, Andrea Zoppini and Enrico Laghi; the latter is also extraordinary commissioner for troubled steel group ILVA and airline Alitalia.

Giuseppe Mauro Rizzo steps down from the role of CEO but will remain on the bridge in charge of fleet management.

In Italy today the most important shipowners in terms of dry and liquid bulk fleets are private equity funds with Pillarstone Italy and Bain Capital (the latter involved in the Giuseppe Bottiglieri Shipping Company restructuring) at the forefront.

Share this article

Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.

Related Posts