Italy
-
Europe
Bain Capital submits $138m Giuseppe Bottiglieri bid
Boston-based private equity firm Bain Capital has decided to bet some €120m ($138m) on the Italian Giuseppe Bottiglieri Shipping Company…
Read More » -
Europe
Cooperate not liquidate, RBD Armatori pleads with Pillarstone
Naples-based RBD Armatori has sent a message to Pillarstone after the KKR-backed turnaround fund defined as a “technical step” the…
Read More » -
Europe
Gianfranco Messina dies aged 82
Italy has lost one of its most appreciated and active, yet low profile, shipowners Gianfranco Messina who died early this…
Read More » -
Europe
Mattioli succeeds Grimaldi at the helm of Italy’s Confitarma
As from the next assembly due to be held in Rome next September Mario Mattioli will be officially elected as…
Read More » -
Europe
D’Alesio offloads ageing MR tanker to Nigerian group Matrix
Italy’s Dalmare has sold the 2002-built medium range tanker to Nigerian buyers. Mauro D’Alesio, chief financial officer of the Leghorn-based…
Read More » -
Europe
Pillarstone puts RBD Armatori under bankruptcy protection
A few days after purchasing non-performing loans from Intesa Sanpaolo and MPS totaling $638m, Pillarstone has filed for bankruptcy protection…
Read More » -
Europe
Pillarstone moves to take control of RBD Armatori
Pillarstone Italy is poised to become main shareholder of the Naples-based shipping firm RBD Armatori. The KKR-controlled turnaround fund has…
Read More » -
Europe
GE Power and Fincantieri collaborate on reducing ship emissions
GE Power and Fincantieri have announced a new partnership for the co-development of a new emission control solution to reduce pollution in…
Read More » -
Europe
Saipem secures new Saudi Armco order and Angola FPSO extension
Italy’s Saipem has announced new contracts totalling $500m from the Middle East, Africa and Caspian Sea. The first project is related to a…
Read More » -
Europe
Bain Capital looking at Giuseppe Bottiglieri’s debts
Giuseppe Bottiglieri Shipping Company seems to be attracting the interest of financial investors in an effort to find an agreement…
Read More » -
Europe
RBD Armatori’s rescue plan rejected by creditors
Creditors of Naples-based shipowner RBD Armatori have rejected the latest version of the rescue plan prepared by its legal and…
Read More » -
Europe
Spinelli buys Genoese dry bulk terminal
Genoa-based Spinelli Group, a company controlled by the local Spinelli family along with the iCON Infrastructure fund, has bought 80%…
Read More » -
Europe
Grimaldi bets on lithium batteries
Many shipowners are dealing with the decision whether to adopt MGO, LNG or scrubbers for their ships in order to…
Read More » -
Uncategorized
Saipem wins host of new offshore contracts
Italian companies Saipem and Eni have announced the signing of a contract for offshore drilling activity in Mozambique, utilising the…
Read More » -
Maritime CEO
Confitarma: Challenges plaguing Italian shipping
The Italian merchant fleet, despite the downturns recently recorded, is still a force to be reckoned with: second in Europe…
Read More » -
Europe
Eni ready to sign FLNG order for Mozambique with Samsung
Italian energy company Eni will complete its long-awaited final investment decision on a large liquefied natural gas (LNG) project offshore…
Read More » -
Europe
Eni and Fincantieri sign cooperation agreement for LNG power systems
Oil company Eni and shipbuilder Fincantieri have signed a cooperation agreement for the development of natural gas power systems. The…
Read More » -
Europe
Fincantieri seals $88.6m deal for majority stake of STX France
Italian shipbuilder Fincantieri has signed a share purchase agreement with STX Europe to acquire their 66.66% stake of STX France…
Read More » -
Europe
Unsafe at any draft – Part one
Captain Schettino of the Costa Concordia is off to jail to start his 16-year sentence for manslaughter. Most of the…
Read More » -
Europe
D’Amico seals Japanese sale and lease back deal
D’Amico International Shipping S.A. has just announced that its operating subsidiary d’Amico Tankers signed a memorandum of agreement and bareboat…
Read More »