Grendi and Corsica Ferries exploring new synergies in the ro-ro business

By 10 February 20232023 Newsletter week 6
February 10, 2023

Grendi Trasporti Marittimi, ro-ro shipping company part of Grendi Holding and controlled by the Musso family, made public the results reached in 2022.

Last year the group’s turnover was EUR 88 million thanks also to 83,871 TEU containers (+3%) and 50,506 ro-ro units (+59%) transported between Tuscany (port of Marina di Carrara) and Sardinia (Cagliari and Olbia).

The CEOs Antonio and Costanza Musso confirmed that the ro-ro vessel named ROSA DEI VENTI and operated on the line, will be purchased by Corsica Ferries at the end of the current 5-year time charter in May for a price of EUR 35 million.

The time charter contract will be renewed with Grendi for further 5 years and this is just one of the new synergies the companies are creating.

Antonio Musso specified that “with Corsica Ferries we are exploring new opportunities and potential synergies. They are not active in the ro-ro market and they would like to increase their presence in the Sardinia region which is exactly our core business. We are also talking about potentially increasing freight transport by sea with Corsica”.

Last year Grendi and Corsica Ferries also submitted a joint proposal for operating the subsidized Civitavecchia – Arbatax – Cagliari ro-pax line which was finally awarded to Grimaldi.