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Editor in chief: Angelo Scorza
09/07/18 10:57

Scerni sold also its last two ships

Aframax SN Claudia e SN Olivia, renamed Albanel and Oilmeda respectively, were sold to foreign companies

The Genoese group Scerni, operating in different shipping and logistics areas, definitely left direct shipping business.

The last two ships of the fleet belonging to Scerni di Navigazione, its shipping subsidiary under liquidation, have just been sold, thus putting an end to the shipping activity launched by the Scerni family in 2002 with Dolphin Tankers, a joint-venture with the D'Amato family, and continued on its own since 2010, with the creation of an ad hoc company (Scerni di Navigazione) owning 4 ships. Two of said units, i.e. the tankers LR1 SN Federica and SN Azzurra (built by the Chinese shipyard Hudong Zonghua in 2003, 73,000 dwt), were sold in 2015.

Within a transaction in which Banca Carige played a significant role as Scerni di Navigazione's main creditor (with an exposure of over 100 million dollar related to mortgage loans on the last two ships which, according to recent rumours, had been included by the Genoese institution in the NPL loans placed on the market), also the units SN Claudia and SN Olivia were sold abroad, although they will be fully managed by the Monaco-based company International Andromeda Shipping, of which Scerni group became a minority shareholder in 2017, aquiring 10% of its shares.

According to Andromeda's website (and to Standard P&I Club's website, ed.) the two 110,000 dwt oil tankers Aframax LR2, built in 2009, are flying the Marshall Islands' flag. The new owner of SN Claudia, renamed Albanel, is Everly Holdings Ventures, a company with registered office in Dubai, at UML Middle East DMCC, a “shipping branch” of Socar, the energy state corporation of Azerbaijan (however, Socar is thought to be only the charterer of the ship, not its new owner, ed.).

As concerns the unit SN Olivia, renamed Oilmeda, its owner is Palm Bay Asset Corp.

Even though the sale price of these two ships was not disclosed, according to the specialized portal VesselsValue, the market value of Scerni's two former ships amounts to 20 million dollar.

Francesco Bottino 

TAG : Tanker