Italian shipowners busy selling

Italian shipowners busy selling

Three Italian-related shipping firms are emerging on the market as potential sellers of two bulk carriers and one tanker.

Ireland-based d’Amico Dry (part of d’Amico Società di Navigazione group) seems to be ready to offload another supramax bulk carrier following the recent cancellation of three (probably four) newbuilding units ordered at Yangfan in China. The company prefers not to comment on the following deal but brokers sources say that the 13-years old Medi Nagasaki is being sold to a Greek owner (likely Kouros Maritime) for some $4.6m.

Also the MR1 tanker ship named Jade, controlled by Italian interests through the Malta-based company Jade Marine and operated by the Sorrento-based Socomar, is reported sold to Vietnamese buyers for a strong price of $21.5m.

The third Italian-related ship due to be offloaded by Augustea shipping group is the bulk carrier ABY Paola formally owned by ABYO Holdings (a jv participated by Augustea, Bunge, York Capital and Ocean Bulk) and still under negotiations for sale at a firm price of $19.5m.

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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