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D’Amato heads for a comeback in the shipping business

Denying that the bulk carrier Trading Fabrizia recently sold at auction may be somehow linked to her family, Maddalena D’Amato, daughter of the seasoned shipowner Michele D’Amato, announced to Splash the forthcoming return on the market of the Naples-based shipping company D’Amato di Navigazione.

Maddalena d’Amato in a statement pointed out that D’Amato di Navigazione has not being controlling any vessel since 2009 and that the company sold its assets to repay most of its debts. The company until that time, headed by Michele D’Amato, passed through an in-depth restructuring plan carried out in 2009 which resulted in the creation of some single purpose companies.  

Apart from the Trading Fabrizia, there is also another vessel currently laid up in China, the bulk carrier Primrose, that Maddalena d’Amato defined as “owned by Unicredit Leasing, while the Italian company Gorgonia di Navigazione is just the lessee of the vessel” which is set to be sold in the near future. “We are just waiting Unicredit’s approval for the sale,” she added.

D’Amato concluded emphasising that those clarifications were necessary “given the critical phase that D’Amato di Navigazione Spa is going through, aiming at resuming activities within the shipping industry”.

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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