Grimaldi Group of Italy is hatching a project for a series of 10 multipurpose and ropax vessels likely to cost more than EUR 1 billion ($1.15bn), says managing director Emanuele Grimaldi.

The Naples-based owner is looking at designs for six large multipurpose vessels and four ro-pax vessels for operation in various trades, the shipowner told journalists on the fringes of the 22nd Euro-Med Convention in Athens today.