Italy
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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
D’Amico seals another product tanker sale and leaseback deal
D’Amico International Shipping subsidiary d’Amico Tankers has agreed a deal for the sale and leaseback of 2015-built MR product tanker…
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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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Europe
Paolo d’Amico to take the reigns at d’Amico International
D’Amico International Shipping has announced that chairman Paolo d’Amico will take over from Marco Fiori, who resigned last month, as…
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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
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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Dry Cargo
CEO of d’Amico International resigns
Marco Fiori, CEO of d’Amico International Shipping, is resigning, citing personal reasons. His resignation will be effective from December 31.…
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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
Saipem awarded new contracts worth $400m
Italy’s Saipem has signed new contracts in Azerbaijan, the North Sea and the Republic of Congo worth a total of…
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Europe
Ropax finally separated from boxship off Corsica
A combination of wave activity and work by salvors finally managed last night to disentangle two ships that had collided…
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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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Europe
Fears grow oil will wash ashore from Med collision
French and Italian authorities have worked hard to contain a big spill in the Mediterranean, however the oil is spreading…
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