Armatori Group Secures Financing for New Tanker Duo

Marittima Emiliana, a company owned by the Amoretti family’s Armatori Group, has secured financing for the construction of two chemical tankers in China.

Illustration. Image Courtesy: Pixabay under CC0 Creative Commons license

The company placed an order for the 4,500 dwt  tanker duo at Ningbo Xinle Shipbuilding, a shipyard specialising in small chemical construction, on March 15, according to data provided by Asiasis.

Construction will start in the first half of 2019, while the units are scheduled to join their owner in 2020.

The transaction represents the Amoretti family’s first newbuilding order in nearly ten years. The company currently operates a fleet of 11 tankers with capacities ranging from 2,700 to 30,000 dwt.

According to law firm Watson Farley & Williams LLP, the financing for the units was secured with Crédit Agricole Italia.