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29/07/19 11:26

Romeo to diversify and to land in Geneva

Nova Marine Carriers will open an office to manage the grain market and, by the end of the year, it will receive its new Chinese newbuilding

Besides its historical business sectors, i.e. cement and steel products, the Lugano-based maritime group Nova Marine Carriers, belonging to the shipowners family Romeo, decided to diversify its business by dealing with grain. The new market will be managed from Geneva, one of the commodity trading capitals worldwide.

"Last November, we hired a professional boasting a huge experience in the grain market, and we observed positive results from the very beginning", explained to Ship2Shore CEO Vincenzo Romero.

"In a few months we sent 20 wheat cargoes. Our plan provided for a testing period, which was successful. Therefore, in September we will open a new office to deal with this business segment".

The new office, "headed by our ‘grain-man’", will be in Geneva, where "many leading traders dealing with commodities, including grains, worldwide are headquartered", Romeo explained.

This new initiative will be added to the various activities carried out by the group (and to its numerous international offices), which is also waiting for the first of a series of 18 newbuildings under construction in China.

The order related to 6 small-size bulk carriers with a capacity of 8,000 dwt and 12 with a capacity of 6,000 dwt was placed a year ago with the Chinese shipyard Zhejiang Xinle Shipbuilding, with whom Nova Marina has been collaborating for a long time.

“The first new ship of this series is Sider Buffalo, and it will be delivered by the end of 2019. We have long been related to this shipyard: besides the 18 ships already ordered, we have options, as well as the possibility to make switches”, Romeo concluded.

Francesco Bottino

TAG : Bulker
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