Independent journal on economy and transport policy
10:09 GMT+1
This page has been automatically translated by Original news
prompt Confitarma ABI to stop speculative actions to the detriment of the Italian mercantile fleet
Worry of the Confederation for the decision of Pillarstone Italy to ask the failure for the Shipping RBD
July 12, 2017
The Italian Confederation Shipping (Confitarma) has sped up the participation of the Italian Bank Association (ABI) in order to stop speculative actions to the detriment of the Italian mercantile fleet, invitation that the council of the shipowning confederation has turned to light of the request of failure of Raise Shipping Pugs Spa (RBD Shipping) that the bottom Pillarstone Italy has quickly advanced after to have acquired from the banks patrons of the RBD credits regarding the company.
The president of the Confitarma, Emanuele Grimaldi, has found in fact a very aggressive behavior of Pillarstone that has decided to act regarding the Shipping RBD, after to have obtained the cession of the credits by Bank MPS and Intesa Sanpaolo.
"Without to get to the point of such cession - a note of the shipowning confederation explains - Confitarma evidences as such behavior is censurable to light of the opportunely sanctioned agreements with ABI that, with a specific circular, had invited the clearing banks to agree and to coordinate with the eventual shipowners cessions of credit. This not in preferential key, but to the aim to maintain the ability to the industry intact and to preserve the know-how-how and the occupation in a strategic field for our Country".
According to Confitarma, "the executive action regarding Shipping RBD, of at a distance single three days from the cession of the credit to Pillarstone, besides to contravene the contained principles of deontologia in the aforesaid ABI circular, raises doubts on the authenticity of the operation".
Confitarma has announced that it will ask in the next hours, a reunion of the Technical Table established with ABI and banks "to the aim - it has specified the shipowning association - to mitigate a phenomenon that could constitute a dangerous alarm bell to the detriment of the Italian mercantile fleet, object of huge investments that have determined its expansion and its modernization".
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
The Italian Confederation Shipping (Confitarma) has sped up the participation of the Italian Bank Association (ABI) in order to stop speculative actions to the detriment of the Italian mercantile fleet, invitation that the council of the shipowning confederation has turned to light of the request of failure of Raise Shipping Pugs Spa (RBD Shipping) that the bottom Pillarstone Italy has quickly advanced after to have acquired from the banks patrons of the RBD credits regarding the company.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
