Leghorn-based D’Alesio group has successfully completed its debt restructuring process with the banks under Italy’s article 67 of the bankruptcy law.
As of last March the overall financial exposure of the group was €171.8m ($190m) and the lenders involved in the process are Crédit Agricole, BNP Paribas, BNL, MPS, Banca Popolare di Vicenza, Banco Popolare, Cassa di Risparmio di Volterra, UniCredit, Carige and Cassa di Risparmio di San Miniato. The shipping company Dalmare and the liquid bulk terminal Costieri D’Alesio are some of the companies that form the group.
The future strategy of D’Alesio Group set up by the advisors (among them Venice Shipping & Logistics) is to focus on the liquid bulk handling and sea transport mainly in the Mediterranen region, while all the dry bulk fleet have been offloaded in the past two years. No more investments for ships are in the pipeline in the short term so the fleet will remain three MRs, two 16,000 dwt small tankers and four bunker vessels.
Some investments instead will be required in order to update the liquid bulk terminal operated through Costieri D’Alesio in the port of Leghorn and to make it able to accommodate tanker ships up to 50,000 dwt capacity.