Anthony Veder takes small gas carrier from Mediterranea di Navigazione

Ravenna-based Mediterranea di Navigazione has sold the 2012-built gas carrier Excalibur to Dutch gas shipping specialist Anthony Veder for $11m with delivery scheduled for early next month.

The deal was confirmed to Splash by Paolo Cagnoni, head of the Italian company, and is part of a wider plan aimed at restructure the overall financial exposure of the chemical, gas and tankers specialist which exceeds €120m ($140m).

With the sale SC Lowy, which recently purchased a non-performing loan controlled by BPER Bank, closes its investment in Mediterranea making it possible for the Cagnoni-controlled firm to restructure its overall financial exposure with the support of another Italian bank Illimity.

Once the Excalibur is delivered, the Ravenna-based company will be left with nine vessels: bitumen tanker Black Shark, the ethylene carrier King Arthur, and small tankers Normanna, Ottomana, Saracena, Barbarica, Cosmo, Sveva and Shogun.

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.
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