Italy
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Finance and Insurance
Unicredit rules out quitting shipping
Italy’s Unicredit will not exit the shipping industry its ceo, Jean Pierre Mustier, said yesterday in London while outlining a…
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Europe
Eni and Sonatrach fix gas supply deal
Italian oil company Eni and Algeria’s Sonatrach have reached an agreement covering almost 20% of Italy’s gas imports for the…
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Europe
Eni sells stake in Egypt’s Zohr gas field to Rosneft
Italian energy company Eni has agreed to sell a 30 percent stake in a giant Egyptian offshore gas field to…
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Europe
Suardiaz and Sarda Bunkers invest in new bunker vessels
Spanish shipping company Suardiaz has finalised an order for three bunker vessels capable of transporting traditional fuels and LNG. Juan…
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Europe
Pillarstone set to become main shareholder of Premuda
The KKR-controlled turnaround fund Pillarstone Italy is about to become the majority shareholder of the Genoa-based Premuda. Last summer, the…
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Europe
Nova Marine Carriers and d’Amico offload handysize bulkers
Two Italian-controlled dry bulk ships are changing hands according to brokers. Lugano-based Nova Marine Carriers has just sold 2009-built handysize…
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Americas
D’Amico officer sentenced to eight months in prison for oil waste in the US
A senior engineering officer employed by d’Amico Shipping Italia was sentenced to eight months in prison for deliberately concealing a…
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Europe
Pillarstone eyes RBD Armatori
Naples-based RBD Armatori may be the second deal selected by Pillarstone in the Italian shipping market. The turnaround fund created…
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Europe
Fincantieri bids to take Vard private
Italian shipbuilder Fincantieri has launched an offer for the shares of Vard Holdings that it doesn’t already own in a…
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Europe
Banchero: ‘It’s time to invest in dry bulk carriers’
The dry bulk market is ready to rebound. “Looking at the historical trend of the asset values and freight rates…
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Europe
Saipem secures $1bn worth of new offshore contracts
Italian offshore service provider Saipem has announced that it has been awarded new contracts and change orders in the E&C…
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Europe
Taranto port vetoes terminal project backed by Eni and Gazprom
A special commission appointed by the port authority of Taranto in southern Italy has said no to a concession request…
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Europe
Oldendorff takes new handymax from Globeco
Oldendorff Carriers goes on with its dry bulk shopping campaign adding a newly built handymax bulk carrier built by the…
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Dry Cargo
Augustea sheds bulkers
Italy’s Augustea is shedding dry bulk tonnage. The company controlled by the Zagari family has sold two bulk carriers: the…
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Europe
Grimaldi buys into TTT Lines
The year 2016 will be archived as another year of new investments for Grimaldi Group. The Naples-based company has just announced two…
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Europe
Italy’s shipping NPL market worth almost $10bn
While the overall amount of non-performing loans (NPLs) held by Italian banks has an estimated value of $350bn, the shipping…
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Europe
Saipem cutting a further 800 jobs across Europe
Italian oil and gas giant Saipem has unveiled a new three-year strategic plan designed to help the company face continued…
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Europe
Grimaldi ready to reflag its roro ships abroad
Naples-based Grimaldi Group is seriously considering to reflag all its ferries and roro ships deployed on the motorways of the…
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Europe
Iren Group puts share of OLT Offshore LNG terminal up for sale
A stake in Italy’s floating terminal OLT Offshore LNG Toscana will be put on the market for sale by Iren…
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Europe
APM Terminals sells stake in Italy facility to Chinese partners
Cosco Shipping Ports and Qingdao Port International Development (Hong Kong) have purchased minority stake in a joint venture led by…
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