Italy
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Europe
Leghorn launching tender for new container terminal
In the coming weeks the port authority of Leghorn in Italy is to launch a new international tender for finding…
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Dry Cargo
Zacchello family to refocus on tankers
The sale of the kamsarmax bulk carrier Tiare (83,700 dwt; built 2009) is another step forward for the Zacchello family…
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Europe
iCON Infrastructure enters Italian port market
UK-based iCON Infrastructure fund has entered the Italian ports and logistics market trough the purchase of a 45% stake in…
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Europe
Venice Shipping and Logistics: Go niche
Milan: Forget the traditional sectors, shipping investments today should be in more niche territories. That’s the view of one Italian…
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Europe
First subsea contract for Rosetti Marino
Italian shipbuilding company Rosetti Marino has been awarded an important contract with subsea specialist OneSubsea UK, a Cameron & Schlumberger joint venture company. The…
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Europe
Eni makes huge Egypt gas find
Italian oil and gas giant Eni has made a “world class supergiant” gas discovery off Egypt at its Zohr Prospect,…
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Europe
APM Terminals offloads Gioia Tauro container hub and bets on Savona Vado
Exactly 15 years after landing in Southern Italy’s main container hub, APM Terminals has now decided to sell its 33%…
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Dry Cargo
Perseveranza di Navigazione sells bulker as restructuring plan nears
Perseveranza di Navigazione has sold its second bulk carrier of late, with creditor Commerzbank enforcing the sale as part of a restructuring…
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Americas
Italian prosecutors probe Saipem for alleged link to Petrobras bribery scandal
Italian oil and gas contractor Saipem is facing a corruption probe in its home country because of its alleged connection…
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Europe
Premuda offloads ageing tanker
Following the signing of a standstill agreement with creditor banks last month, Italy’s Premuda has initiated the sale of an…
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Europe
Private equity circles over Italy
Italian shipping companies beware; vulture funds are hovering. Reuters reports that distressed debt investors are looking to buy shipping loans…
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Containers
Kenza boxship leaves Cagliari after more than two years
The 724 teu containership Kenza (8,675 dwt, built 1991) left the Italian port of Cagliari today after more than two years in…
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Europe
Italian PM gets support to keep Fincantieri yard open
A Fincantieri-controlled shipyard has avoided closure after Italy’s prime minister Matteo Renzi won the support of parliament on Tuesday to…
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Europe
Scerni sells tanker pair to UK private equity fund as it nears shipowning exit
Scerni di Navigazione is to sell two of its ships to a London-based private equity fund. Sources familiar with the…
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Asia
Premuda sells FPSO stake to Yinson Holdings
Italy’s Premuda has announced that its indirectly controlled company Four Vanguard Serviços E Navegaçao LDA has entered into a jv with Yinson…
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Europe
Saipem to cut 8,800 jobs
Italian oil and gas industry contractor Saipem plans to cut 8,800 workers by 2017; the decision part of a restructuring…
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Europe
RBD Armatori’s restructuring plan ready for creditors vote
Genoa: Naples-based RBD Armatori has just submitted a final restructuring plan due to be voted by creditors on November 5, Splash…
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Europe
Finarge cancels AHTS newbuild at SPP Shipbuilding
Genoa: A legal dispute is likely to emerge between Finarge and SPP Shipbuilding after the Italian company, owned by Rimorchiatori…
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Europe
Scorpio Tankers charters in two Montanari aframaxes
Athens: Scorpio Tankers has chartered in one aframax product tanker from Italy’s Navigazione Montanari and placed another under its commercial management –…
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Europe
Breathing space for Premuda
Genoa: Under pressure Italian line Premuda has been granted some breathing space by its creditor banks. The banks have signed…
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