April 7, 2022

Veteran roro ship GIUSEPPE SA is going to be revitalized after being idle for the last year in the port of Piombino.

The 1975-built ship, up to date owned by MOBY, has just been sold at auction to undisclosed buyers for EUR 4.6 million, a final price much higher than the initial tender value of EUR 1.56 million.

The sale at auction was disposed by the Court of Milan and it’s part of the debt restructuring process involving Vincenzo Onorato-controlled group.

Looking at the age the roro vessel in question was expected to be bought for scrap but instead it seems now that will restart operating with its capacity to accommodate up to 376 passengers and 103 trailers.