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Editor in chief: Angelo Scorza
29/10/18 11:08

Micoperi chartered a new PSV to operate in Mexico

The Ravenna-based company is still negotiating the restructuring of debt with lending Banks

A new PSV will be shortly joining Micoperi's fleet: the Tosia Proteus, offshore support ship built in 2002 previously owned by American bankrupt group Toisa Shipping.

Despite market rumours, the company controlled by the Bartolotti family didn't take over this ship, sold at auction together with other units within Toisa bankruptcy procedure, but will only charter her in.

“The Toisa Proteus' buyers are in fact controlled by a Mexican company we have no connection with” told  Ship2Shore Claudio Bartolotti, son to Micoperi's President Silvio Bartolotti and Vice-President, who added:“we just sealed a 2-year charter contract with the new owner”.

The charter contract negotiated for one of the ships chartered in by Micoperi to operate in Mexico on the 200 million Euro order covering the maintenance of some offshore platforms, will expire in early 2019, therefore – illustrates Bartolotti – we determined evaluating new market opportunities and found the Toisa”.

Micoperi also suggested a 2-year charter “as our commitment in Mexico” and shipowner accepted this term. “We attempted to speed up the delivery of this unit and the market erroneously perceived we were the owner of this unit”.

Meanwhile, Micoperi is attempting to sort out a particularly tough financial situation developed during the oil&gas crisis, which recently showed signs of recovery.

According to last year financial statement (which recorded 24.5 million Euro loss, versus - 22.4 millions reached in 2016), in summer 2017 the company disrupted the payment of financial debts (equal to 113.1 million at 31st December 2017) and started to negotiate a debt restructuring plan”.

For the time being, after several attempts and intensive negotiations with bond-holders, the situation hasn't been sorted out yet, and “transactions with lending Banks – confirms Bartolotti – are still ongoing, we confide an accord might be sealed as soon as possible”.

Francesco Bottino


TAG : Offshore