Italy
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Europe
Ukrainian master disappears from MSC containership in Italy
A 54-year-old Ukrainian master has disappeared from the 2,000 teu containership while the vessel was en route from the Italian…
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Europe
RBD Armatori shareholders given jail time for tax evasion
The former management at Naples-based RBD Armatori have collectively been sentenced to over 30 years of jail in a tax…
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Dry Cargo
Pillarstone goes all in on RBD Armatori’s rescue plan
KKR-controlled turnaround fund Pillarstone has decided to go all in for RBD Armatori, the Naples-based shipping company whose non-performing loans…
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Europe
Four private equity funds circle around Rimorchiatori Riuniti’s towage business
Rimorchiatori Riuniti of Italy has started a process to secure a financial partner, targeting new investments and takeovers in its…
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Europe
Deutsche Bank takes non-performing Finaval loans from Unicredit
Another Italian shipownbing company has found itself on Deutsche Bank’s radar for investment. Following the cases of RBD Armatori and…
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Europe
Mario Mattioli elected chairman of Italian shipowner association Confitarma
Mario Mattioli, CEO of the Naples-based Cafima group, has been elected the new chairman of the Italian shipowner association Confitarma,…
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Europe
RBD Armatori’s top management face jail over alleged tax fraud
The top management of RBD Armatori of Italy – Giuseppe Mauro Rizzo, Roberto Rizzo, Ugo De Carlini, Orsola Bottiglieri and…
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Europe
Augustea to invest $70m in new Pakistan coal transhipment project
Augustea Group of Italy will be the maritime branch of a new project soon to be launched by China Power…
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Europe
Macron paves way for Fincantieri to take over STX France
France’s president Emmanuel Macron has found a solution to a shipyard spat that had soured diplomatic relations with neighbour, Italy.…
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Europe
Scerni takes 10% share of International Andromeda Shipping
Monaco-based International Andromeda Shipping has welcomed Paolo Scerni, head of Scerni di Navigazione, as its new minority shareholder several sources…
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Europe
D’Amico International Shipping seals another sale and leaseback
The Italian shipping group d’Amico Società di Navigazione is proceeding with its sale and leaseback strategy in the liquid bulk…
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Europe
Pillarstone to present new RBD Armatori rescue plan
A third attempt at a restructuring plan under the ‘concordato preventivo’ procedure of Italian law will be presented next month…
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Europe
Fratelli d’Amato to exit liquid bulk with tanker sale to International Marine Services
The Naples-based Fratelli D’Amato shipping group is en route to exit the liquid bulk market as a consequence of the…
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Europe
Eni takes Saipem drillship to Morocco
Eni has taken the ultra-deepwater drillship for an exploratory well in Morocco’s Rabat Deep offshore zone. The vessel should be…
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Europe
Petrojet and Rosetti Marino in talks for a new shipyard in Alexandria
Italy’s Rosetti Marino shipyard and Egyptian state-run EPC contractor Petrojet are in advanced discussions with a view to launching a…
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Europe
Eiffage in negotiations to take over Saipem’s maritime works activities
Civil engineering construction firm Eiffage has entered into exclusive negotiations with a view to acquire Saipem’s maritime works activities, the…
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Europe
Saipem wins new orders in Africa and North Europe worth $370m
Italy’s Saipem has announced three new contracts in Africa and North Europe with a total value of approximately $370m. The Milan-based…
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Europe
Mednav heads to CSSC for MR tanker pair
Italian owner Mednav has placed its first newbuild order in over ten years, heading to China’s CSSC Offshore & Marine…
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Europe
Augustea offloads elderly panamax bulker
The 2002-built panamax bulk carrier is being sold by Italy’s Augustea Group to Chinese investors according to several broker reports.…
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Europe
D’Amico closes third sale and leaseback deal
Luxembourg-based d’Amico International Shipping has closed a third MR tanker sale and leaseback deal, announced in the company’s latest set of result. The…
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