August 30, 2019

Naples-based SNAV, the ferry company owned my Marinvest (the Italian holding company owned by the Aponte family), last year closed with a loss of EUR 550,000 (from a red of EUR 2.5 million in 2017), and the result is also due to an in-depth reorganisation of the business and of the structure.

Today SNAV mainly focuses on three business: the short sea ferry services from the port of Naples to the surrounding islands and from/to the Eolian islands, the link between the ports of Ancona and Split in Croatia, and the chartering management of the owned ferries and high-speed vessels.
The objective of the company from 2019 onwards is to reach a long-lasting financial equilibrium.
Last year SNAV also purchased the ferry SNAV ADRIATICO (ex-STENA BALTICA) for a price of EUR 7.4 million after six years of time charter from Stena and has been immediately re-chartered out for 3+3 years to Grandi Navi Veloci.