Italy
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Europe
Prysmian invests in new cablelayer
Italy’s Prysmian Group, a specialist in the energy and telecom cable systems industry, has announced an investment in excess of…
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Europe
Gestioni Armatoriali now at the mercy of turnaround funds
UK turnaround fund Attestor Capital is rapidly increasing its role in the Italian shipping arena, purchasing its second non-performing-loan of…
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Europe
Giuseppe Bottiglieri rescue plan gains bank approval
Naples-based Giuseppe Bottiglieri Shipping Company has obtained a green light from banks on the restructuring plan proposed jointly with Bain…
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Europe
Fratelli Cosulich acquires bunker tanker for Singapore
Italy’s Fratelli Cosulich has just sealed the acquisition of its third bunker tanker to be deployed in the port of…
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Europe
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…
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Europe
Gestioni Armatoriali supramax fire sale in bid to survive
Ravenna-based Gestioni Armatoriali will sell four ships from its fleet of 12 before next summer. That’s what is written in…
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Europe
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…
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Europe
Taconic Capital buys into Gestioni Armatoriali
Ravenna-based Gestioni Armatoriali has been forced to welcome Taconic Capital among its creditors, sources familiar with the matter confirmed to…
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Europe
Bottiglieris dismiss Zagari’s ‘misleading statements’
The battle for control of debt laden Italian line Giuseppe Bottiglieri Shipping Company (GBSC) is getting more heated. Despite a…
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Europe
Battle for Giuseppe Bottiglieri heats up
The battle for control of Italian owner Giuseppe Bottiglieri Shipping Company is not over. Despite a court in Naples dismissing…
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Europe
Nova Marine Carriers confirms one deal, dismisses another
Lugano-based Nova Marine Carriers has confirmed a new entry in its shortsea dedicated fleet while dismissing reports linking it to…
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Europe
Giuseppe Bottiglieri rescue plan rejected
Giuseppe Bottiglieri can breathe a sigh of relief after a court in Naples rejected a rescue plan presented by Augustea and…
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Europe
Fincantieri finally seals complex deal to take over STX France
Italian shipbuilder Fincantieri finally on Friday bought a long discussed 50% stake in STX France for EUR59.7m. French President Emmanuel…
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Europe
T-Bulk sells its last bulk carrier to Navalmar
Carrara-based T-Bulk, part of Tirrena Group, is in the process to sell the last vessel in its fleet to compatriot…
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Operations
Moby updates fleet with new ro-ro pair
Italy’s Moby Group has chartered in two new ships due to be operated in the Mediterranean on routes covered by…
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Europe
Rival shipowning association launches in Italy
Following the exodus from Confitarma, the Italian shipowners association, of some key players such as Ignazio Messina & C., Grandi…
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Europe
D’Amato heads for a comeback in the shipping business
Denying that the bulk carrier recently sold at auction may be somehow linked to her family, Maddalena D’Amato, daughter of…
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Europe
Augustea and OceanBulk in for Giuseppe Bottiglieri
Three years after purchasing the dry bulk branch of Deiulemar Shipping, Augustea and Ocean Bulk are joining forces again to…
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Europe
RBD Armatori declared bankrupt
Naples-based shipping company RBD Armatori was formally declared bankrupt by the Court of Torre Annunziata on Thursday. A few weeks…
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Dry Cargo
D’Amato’s last bulk carrier finally secures Jamaican exodus
The 2011-built bulk carrier , after being arrested a year ago in the port of Kingston, Jamaica, has finally been…
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