Navigazione Montanari S.p.A - Experts & Thought Leaders

Watson Farley & Williams (“WFW”) advised NAI Int Malta Ltd. (“NAI”) on the bareboat charterparty and subsequent sale of the M/v Aethalia to TSL Panama SA, a company owned by Peru’s Transgas Shipping Lines SAC (“Transgas Shipping”). The M/v Aethalia, a motor tanker built at Soli Deniz Cilik Ltd. shipyard in Istanbul in 2008, is currently registered with the Malta Ships Registry. Its sale and charter align with both NAI and Transgas Shipping’s strategic goals, enhancing their market position and operational efficiency. Specialising in shipping products NAI is a Maltese subsidiary of the Navigazione Montanari group, specialising in effects NAI is a Maltese subsidiary of Italy’s Navigazione Montanari group, specialising in shipping products for the oil and petrochemical sectors.  Transgas Shipping is one of the two sister companies of TRANSGAS, an international shipping company specialising in the transport of liquefied gas, oil and chemical products. WFW’s commitment to the maritime sector The WFW Italy Maritime team that advised NAI was led by Partner Furio Samela, assisted by Associate Sergio Napolitano. Furio Samela commented: “We are delighted to have successfully advised NAI on this strategic transaction. This mandate highlights WFW’s commitment to delivering top-tier legal services to the maritime sector, navigating complex transactions and achieving successful outcomes for our clients.” Ganado Advocates acted as NAI’s Maltese counsel.

Watson Farley & Williams ('WFW') advised Euromont Shipping Company S.p.A. ('Euromont'), as seller, and Navigazione Montanari S.p.A. ('Navigazione Montanari'), as bareboat charterer, on the sale and leaseback of oil chemical tankers - 'Valleblu' and 'Valturchese' to two Japanese leasing companies. The Valleblu, originally under the International Ship Registry held with the Port Authority of Trieste, is currently registered by new owner - Kimura Shoji/Kt Neo Marine under the Panama Ship Registry. The Valturchese, originally under the Malta Ship Registry, is currently registered by new owner - Iyo Nassen/Orange Iyo under the Panama Ship Registry. Shipping products for the oil sectors Navigazione Montanari registered both vessels with the Italian Bareboat Registry held by the Port Authority of Trieste. Founded in 1889 and headquartered in Fano, Italy, Navigazione Montanari specialises in shipping products for the oil and petrochemical sectors. The WFW Maritime Italy team that advised Euromont and Navigazione Montanari on the drafting and negotiation of all documentation was led by Partner Furio Samela, assisted by Associate Sergio Napolitano. London Partner Patrick Smith advised on the English law aspects of the transaction.

Watson Farley & Williams (WFW) advised Navigazione Montanari S.p.A. (Navigazione Montanari) on acquiring the chemical product tanker, Astella, renamed Valderice. WFW also acted for Intesa Sanpaolo S.p.A. (Intesa Sanpaolo) as a lender on loan, backed by Italy’s ECA SACE's Garanzia Futuro, granted to Navigazione Montanari to recapitalise the funds used for the purchase partially. Valderice The Valderice, built in South Korea in 2011 at the Hyundai Mipo Dockyard Co. Ltd., is currently registered in the International Ship Register of the Trieste Maritime Department. Founded in 1889 and headquartered in Fano, Italy, Navigazione Montanari specialises in the transport of products for the oil and petrochemical sectors and counts among its clients the pioneering operators in these sectors. Advising team Intesa Sanpaolo is a major bank in Italy, with a strategic international presence spanning retail, corporate, and asset management. The WFW Maritime Italy team that advised Navigazione Montanari and Intesa Sanpaolo was led by Partner Furio Samela, assisted by Associate Sergio Napolitano and Senior Associate Antonella Barbarito on the acquisition and financing, respectively.