Maltese Falzon swoops for elderly tanker

Malta-based Falzon Group is adding an elderly tanker to its fleet. Brokers are reporting that in the chemical sector the sale of the Martina was sold to the Maltese owner for a price in the region $4m.

To date this ship had been part of Navigazione di Cabotaggio’s fleet, a small shipping company controlled by the Castaldi family and based in Leghorn.

Falzon already has a fleet of five small tankers and its main focus is the supply and distribution of fuel products to the local industry and the provision of bunkers and related services to the marine sector. Falzon also operates a port reception.   

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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