MSC and Palumbo team up for a new floating drydock in Naples

Two shipyards based in the port of Naples, La Nuova Meccanica Navale (50% owned by MSC Group and the local Ummarino family) and Palumbo Group, have joined forces and set up a joint venture called Napoli Dry Docks which is aimed at investing in a new floating drydock for the port.

The new infrastructure, just approved by the local port authority, costs some €20m ($25m) and will make possible for the joint venture to work also on the bigger cargo and passenger ships thus making shipyards in Naples competitive with the other competitors active in Italy and in the rest of the Mediterranean region.

The floating drydock will be 250 m long and 50 m wide and will make it possible for Napoli Dry Docks to accommodate up to 25 ships per year for repair and conversion works.

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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