The integrated logistics group has completed the purchase of the Wedellsborg ship owned by Navco, 51% owned by Grendi Trasporti Marittimi and 49% by Finaval.
April 23, 2024 – It will be called Grendi Futura the third ship in the Grendi Group fleet. This was decided by a large majority with an online vote of employees, customers and suppliers of the integrated logistics group which returned to direct ownership by completing the purchase of the Wedellsborg ship, already rented to the company, through its subsidiary Nav.Co. Srl, a newly established single vessel company based in Genoa and 51% controlled by Grendi Trasporti Marittimi SpA and 49% by Finaval Srl.
Since 22 April the ship has been in the Genoa dock for all necessary maintenance activities and for the livery change. The ship’s port of registry is from Bari to Cagliari.
Below is some technical information on the operation.
The overall value of the operation, of approximately 34 million euros, was financed for 70% of the amount by Crédit Agricole Italia as agent bank and by Banca Popolare di Sondrio.
The ship, which flies the Italian flag and is leased bareboat to the TEAM srl company, wholly owned by the Grendi group, is used for the transport of containers and rolling stock between the Terminals of Marina di Carrara, Olbia, Cagliari and North Africa. Built in 2014 by the Visentini shipyard, she is 180 m long and 26 m wide, with a tonnage of 21,800 tons and a load capacity of 11,585 tons. At the K-Ships Of Francesco Russo the technical management of the ship was entrusted.
The operation was coordinated for the Grendi group by CFO Sabrina Passione who oversaw the relationships between the parties, the financing institutions and the consultants. Broker of the operation Carlo Kahja of Banchero and Costa, who also had the role of Financial advisor of Nav.Co Srl with Francesco Fuselli and Enrico Zezzo. The Bonelli Erede studio with Enrico Vergani he was the legal advisor for the financing banks. The lawyer Riccardo Salvini with him SCP Law Firm assisted Grendi Trasporti Marittimi SpA and the subsidiary Team Srl and therefore with the lawyer. Ruscelloni and the Notary Riccardo Dogliotti of GenoaNavCo in the purchasing process.
“With this operation, the Grendi Group returns to being a direct shipowner, confirming the company’s long-term commitment to constantly improving its offer of connections and services. Grendi Futura will be used both on national routes to Sardinia and international routes to North Africa,” he commented Antonio Musso, CEO of Grendi Trasporti Marittimi.
