Despite being a commercial success, Genoa-based Levantina Bulk is closing its operations.
Levantina Bulk was founded in Italy in 2013 by the Visentini family, with a small stake owned by Pietro Repetto and brokers Banchero Costa.
Repetto later went on to become the company’s main shareholder, and the company had become a respectable player in the dry bulk market, active mainly in the handysize segment for trades of pet coke from the United States to Italy and the Med.
The decision to close down Levantina Bulk was been taken in accordance with Visentini and Banchero Costa, but is primarily because Repetto is launching a new shipping firm, likely to be based in Monaco or Switzerland.
