The Grimaldi Group has already sold five ships since the beginning of this year

By | 2024 Newsletter week 10 | No Comments

In less than three months in 2024, the Grimaldi Group has emerged as a seller of five ships as part of a broader plan for fleet modernization and the phase-out of its most aged vessels.

The Naples-based company recently signed an agreement with Fred Olsen to sell the 24-year-old sister ships, Finnhawk and Finnkraft. These vessels, built in China at Jinling Shipyard and controlled by the subsidiary Finnlines, are expected to fetch between EUR 25 and 30 million en bloc.

Additionally, it has been revealed that Grimaldi is selling the RoRo ship Ciudad de Alcudia (formerly Euroferry Egnazia) to United Marine Egypt (Ume), with delivery scheduled before the next summer. This ferry, built in 1994, boasts a capacity of 550 passengers and 3,200 lane meters.

Earlier this year, the Italian group also sold the RoRo unit Eurocargo Sicilia to Balearia. (photo copyright © Thomas P. Illes / thilles consulting GmbH)

Furthermore, the same buyer will acquire the RoPax Ciudad de Mahon, both of which will be transferred from Grimaldi to the Spanish competitor through a bareboat charter with a purchase obligation.

Grimaldi Lines to offer a new payment solution

By | 2024 Newsletter week 03 | No Comments

The Grimaldi Group has signed an agreement with the Cofidis Group to provide a new payment solution to customers.

At the payment stage of the Grimaldi Lines booking flow, customers will be able to select the “PagoDIL by Cofidis” option.  This will allow the payment to be made by 5 or 10 monthly instalments, without interest or additional costs.

Two more ammonia-ready PCTC vessels for Grimaldi Group

By | 2023 Newsletter week 22 | No Comments

The Grimaldi Group has further grown its order book with two more new Pure Car & Truck Carrier vessels.

Last January, the company signed an agreement with Shanghai Waigaoqiao Shipbuilding Company Limited (SWS) and China Shipbuilding Trading Company Limited (CSTC) – two companies part of China State Shipbuilding Corporation Limited (CSSC) – for the construction of five PCTC ships.

The option for another two sister vessels was finally exercised few days ago.

They will be among the first ships equipped with a new type of electronic engine whose specific consumption is one of the lowest in its category.

Thanks to their emission abatement systems, the new units will comply with the most stringent limits established at international level for CO2, NOx and SOx emissions.

Thanks to design innovations and state-of-the-art engines and systems, their CO2 emissions index per cargo unit transported more is significantly reduced – up to over 50% lower than that of other PCTC ships currently operated by the Grimaldi Group.

In addition, the new ships received the Ammonia-Ready class notation from RINA.

They are designed for cold ironing.

The deal with the Chinese shipyard for the construction of the seven PCTCs is valued in excess of USD 630 million. This investment is part of the Grimaldi Group’s massive fleet renewal plan, which includes 26 ships currently under construction: 17 ammonia-ready car carriers, five “G5”-class multipurpose ro-ro units, two “GG5G”-class hybrid ro-ro vessels and two “Superstar”-class ro-pax ships (for Finnlines).

The Grimaldi Group acquires a controlling stake in the Port of Igoumenitsa

By | 2022 Newsletter week 41 | No Comments

The consortium made up of Grimaldi Euromed, Minoan Lines Shipping and Investment Construction Commercial & Industrial is the preferred bidder in the tender for the majority Port of Igoumenitsa share acquisition (67%).

The decision was made public by the Hellenic Republic Asset Development Fund – the fund in charge of managing the privatisation programme of ports and other public assets in Greece.

The financial offer amounts to € 84.17 million.

The concession relating to the Port of Igoumenitsa (owned by the Igoumenitsa Port Authority) includes the right to exclusively use and manage the assets of the port area of ​​Igoumenitsa, the fishing shelters of Sagiada and Plataria and the yacht shelter of Syvota. Igoumenitsa is the main port of Epirus and one of the largest commercial ports in Greece, strategic for connections between mainland Greece and the rest of Europe.