A plan to form a shipping fund with River Rock Capital Partners, and efforts to restructure bulker and tanker owner Gestioni Armatoriali, are keeping one of Italy’s leading ship financiers busy.
Fabrizio Vettosi, managing director of Venice Shipping and Logistics (VSL), aims to launch the fund with €150m ($184m) in equity by the end of the year.
He is also helping form a plan to restructure the debt of Gestioni Armatoriali — the latest Italian shipowner to face the ‘nightmare’ of banks selling significant portions of its debt to private investors.
