ArcelorMittal opens new Italian shipping arm

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 shipping company called ArcelorMittal Italia Maritime Services.

This brand new Italy-based firm will purchase all the fleet of the former Ilva Servizi Marittimi, which acted as a shipping arm for Ilva and was in charge for the sea transport of steel products from the port of Taranto to Genoa and vice versa. The fleet consists of four tugs, eight barges and a modern Chinese-built VLOC.

ArcelorMittal is now expected to integrate the shipping activity to and from Italy via its international network managed by dedicated shipping desks based in London and in Antwerp.

Labour unions Filt Cgil, Fit Cisl and Uiltrasporti also informed that all the personnel ashore and onboard (some 200 seafarers) will be rehired with the same conditions as before.

Sources tell Splash that the Taranto plant is expected to import some 12m tons of raw materials and export 6m tons of steel products yearly in the mid- to long-term.

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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