Scerni di Navigazione fixes charter with Penfield Marine

Genoa: Italy’s Scerni di Navigazione has just signed a time charter contract with Penfield Marine for its LR1 tanker SN Azzurra (72,400 dwt, built 2003).

Paolo Scerni, CEO of the Genoa-based shipping company, confirmed the deal with Splash saying: “We have reached an agreement with the charterer based on a firm shorter period at a lower rate and an optional 12 months (at charterer’s option) at a rate which we see closer to the market for these kind of units.” Sources familiar with the matter reports the following terms: 4 months time charter at $19,750 per day plus an option for a 1 year charter at $21,000 per day.

Looking at the present market trend in liquid bulk, Paolo Scerni adds: “After a very long period of depressed market rates on the segment, owners are now again smiling, especially those who are riding the spot market. Let’s hope we don’t see too much new tonnage ordering in the next months years so to avoid the same issues which other segments are now heavily struggling for.”

Scerni di Navigazione’s top management has been working for months in very close contact with a private equity fund aiming at seizing future business opportunities in the shipping business.


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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