EuropeFinance and Insurance

Shipping Financial Platform Consortium launches in Italy

A new financial boutique named Shipping Financial Platform Consortium and dedicated to shipping firms has launched in Italy, headquartered in Naples with a branch office in London and controlled by a dozen of small shipping firms. Nicola Coccia has been appointed chairman of the company while Francesco Franzese, founder and managing director of ARAM Capital, will act as vice president.

Coccia, a well known shipping accountant, revealed to Splash: “SFP Consortium was launched to provide specialised services in the field of ship finance and rrestructuring, acting as advisor in the arrangement and realisation of financial transactions and complex projects tailored around specific needs. In the initial stage the services will be destined to small companies and focused on debt-restructuring, negotiations with banks, distressed assets and non-performing loans management. But we aim also at assisting international investors, such as private equity or debt funds, in the origination of investment opportunities in the Italian shipping market.”

This new financial boutique relies on the long experience in the capital markets and the strong relationship with Italian financial institutions of the leaders Coccia and Franzese.

“The knowledge of the Italian system will help us to become a facilitator in the execution of complex transactions involving small shipping companies forced to face the banks,” emphasised the chairman of SFP.

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.
Back to top button