Gestioni Armatoriali: Lack of finance in Italy for restructured companies – – Splash 247

Gestioni Armatoriali: Lack of finance in Italy for restructured companies

It has taken more than six years of restructuring but finally the Ravenna-based Gestioni Armatoriali is now free of debts and ready to take new investment opportunities, both in the dry and liquid markets.

Nicola Coccia, chairman of the company and former head of the Italian shipowners association, Confitarma, thinks that the traditional shipowning business model is over and a company like Gestioni has to operate on the market also as a third party shipmanagement firm. The problem now in Italy seems to be the lack of ship finance options for restructured shipping companies.

The company was set up in 1993 by Nicola Coccia and Bruno Castaldo together with the …

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