WFW advises Navigazione Montanari and Intesa Sanpaolo on tanker acquisition and financing21 October 2024
WFW also acted for Intesa Sanpaolo S.p.A. as a lender on a loan.
WFW also acted for Intesa Sanpaolo S.p.A. as a lender on a loan.
We advised UniCredit S.p.A. on a loan granted to Augusta S.r.l. to pay for the purchase of the Italian-flagged tugboat Ortigia.
The loan cancels all the outstanding debt owed to BPS relating to the purchase of bulk carrier Saturnia from Ocean Trader V LLC.
The vessels were built by China’s Guangzhou Shipyard International and are currently the world’s largest luxury RoPax ships.
The Liberty K vessel was sold to the buyers at market price.
The 5,300-ton vessel will be equipped with electric propulsion systems as well as dual technology power generators.
The facility will enable FINAV to finance part of the acquisition of up to four eco or super-eco MR product tankers.
Banco BPM is Italy’s third largest retail and corporate banking conglomerate, formed in January 2017 through the merger of Banco Popolare and Banca Popolare di Milano.
This is the first time FINAV Group have refinanced a vessel and represents a fundamental first step in the reorganisation and optimisation of their group financial structure.
This article looks into the main measures set force by the Italian government’s recent Restore Liquidity Decree and how it affects the shipping industry.
This article analyses the main measures taken by the Italian government to address the sudden reduction in maritime traffic related to the carriage of goods and passengers.
The first tugboat, the “Marechiaro”, has already been delivered and registered under an Italian flag.
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