Italy
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Europe
Industrial espionage row erupts in the Mediterranean container transhipment market
Container transhipment business in the Mediterranean region is upset by a spy story emerging in the port of Gioia Tauro…
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Europe
RINA closes Edif acquisition
Italian classification society RINA has closed its acquisition of the entire share capital of the UK’s Edif Group Limited for…
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Containers
MSC under fire over state aid allegations
A few weeks after the European Commission opened an in-depth investigation questioning whether the Italian government propped up Italian shipyard…
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Europe
D’Alesio completes restructuring
Leghorn-based D’Alesio group has successfully completed its debt restructuring process with the banks under Italy’s article 67 of the bankruptcy…
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Containers
Cocaine ship allowed to leave Italy
Mediterranean Shipping Company (MSC) has responded to news that an Italian captain onboard its vessel, , has been arrested in…
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Containers
Vessel’s master involved in cocaine smuggling
Some 83kg of cocaine have been found inside a container onboard the 5,050 teu MSC-owned containership , which has been arrested at…
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Europe
Lockton says it’s in the driving seat with PL Ferrari takeover
US-headquartered Lockton, the world’s largest privately owned global insurance broker, addressed many P&I club representatives in Genoa today, revealing plans…
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Europe
Mercury Shipbrokers falls into liquidation
Mercury Shipbrokers, one of the most important shipping firms based in Genoa and active in the field of sale and…
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Europe
Turkish seafarers found guilty of huge cocaine smuggling operation
The Turkish captain and second-in-command of a ship carrying a record £512m ($670m) worth of cocaine were convicted yesterday in…
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Europe
MSC looking at a new repair yard in Gioia Tauro
The world’s number two container carrier Mediterranean Shipping Company (MSC) will heavily invest in southern Italy in the coming years…
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Europe
Pillarstone officially lands Premuda
Pillarstone Italy, a turnaround fund created by private equity giant KKR, is now officially the largest creditor of Genoa-based shipping…
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Europe
New $554m credit facility for Italy’s Saipem
Saipem has subscribed a new credit facility for up to €554m ($615m) which will be used for the financing or…
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Europe
EC probes Naples port over contravention of state aid rules
The European Commission (EC) has opened an in-depth investigation questioning whether the Italian government propped up the Port Authority of…
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Europe
Rosneft and Pietro Barbaro form shipping joint venture
Rosneft and Italy’s Pietro Barbaro have signed an agreement to establish a joint venture for what the pair described in…
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Dry Cargo
Riva family does SNUG deal with Oldendorff
Italy’s Riva family has sold off its shipping arm Società Navali Unite Genova (SNUG) to German company Oldendorff Carriers. Sources…
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Dry Cargo
Premuda to become a shipping platform taking on distressed assets
The future of the Genoa-based shipping company Premuda has become clearer after the turnaround fund Pillarstone Italy (lead by the…
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Containers
Messina hits out at unfair competition brought about by state aid
In Italy it’s harder to work in shipping because of the rigid government policy on state aid, which is not…
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Europe
Fincantieri and Rosneft form joint venture
A joint venture has been signed between Fincantieri and Rosneft for the design of a new type of vessel to…
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Europe
Rina: IPO is a chance for growth
There is no reason why classification societies should not be listed since their activity can depend neither on the clients…
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Europe
Saipem secures drilling contracts worth $170m
Italy’s Saipem has announced a host of new drilling contracts and extensions worth a total of around €150m ($169.7m). Eni…
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