March 10, 2022

Moby’s veteran GIUSEPPE SA, currently idle in the Italian port of Piombino, will soon be sold at an auction following a procedure just approved by the Court of Milan under which the Vincenzo Onorato-controlled group submitted a debt restructuring plan.

Tender price is EUR 1,560,474 and the sale will take place on March 31st.

Looking at the age (built 1975) the roro is likely to be sold to a ship recycler since last year a cash buyer offered more than EUR 2.1 million.

The vessel can transport 376 passengers and 103 trailers.