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

March 8, 2024

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.