D’Amico

Italian shipowner and operator d’Amico Societa di Navigazione subsidiary d’Amico Dry Bulk CEO Lucio Bonaso dies at the age of 72. Lucio Bonaso joined the d’Amico Societa di Navigazione in 1998 and became CEO (Chief Executive Officer) of the dry bulk division in 2012. CEO Lucio Bonaso developed the bulk carrier fleet and contributed to the growth of the d’Amico Societa di Navigazione subsidiary d’Amico Dry Bulk. Recently, Lucio Bonaso managed the fleet-renewal program of d’Amico Societa di Navigazione subsidiary d’Amico Dry Bulk. In 1973, Lucio Bonaso graduated as a naval engineer at the University of Genoa. In 1980, Lucio Bonaso was appointed by Gestion Maritime. Lucio Bonaso worked at Gestion Maritime until 1998. Lucio Bonaso started working at at d’Amico Societa di Navigazione. In 2012, Lucio Bonaso was appointed as CEO (Chief Executive Officer) at d’Amico Societa di Navigazione subsidiary d’Amico Dry Bulk. Lucio Bonaso devoted to the introduction of the Student Naval Architect Award which is presented each year by the Royal Institution of Naval Architects and d’Amico Societa di Navigazione. Currently, Italian shipowner and operator d’Amico Societa di Navigazione subsidiary d’Amico dry bulk controls 20 bulk carriers. 23-February-2021

 

Italian shipowner and operator d’Amico Societa di Navigazione has explained the difficulties in protecting the well being of seafarers during coronavirus pandemic. Lately, Hong Kong, Singapore, and Malaysia tightened their rules on crew changes. Currently, d’Amico Societa di Navigazione controls more than 100 ships and employs around 3,000 seafarers. According to d’Amico Societa di Navigazione, it is difficult to guarantee all seafarers can complete their shifts at sea on time as restrictions change due to coronavirus pandemic. IMO (International Maritime Organization) has been calling on maritime nations to ease restraints on crew changes since March 2020. International Chamber of Shipping has reported that more than 250K crew members have been trapped on board of ships after their contracts expired due to travel restrictions. d’Amico Societa di Navigazione has changed crews in South Korea, India, Singapore, and Hong Kong. However, d’Amico Societa di Navigazion’s crew managers presently necessitate to continually review which ports are suitable for crew changes. Furthermore, d’Amico Societa di Navigazion has to pay extra costs for chartering flights during crew changes. Due to coronavirus pandemic, d’Amico Societa di Navigazion has to disembark crew members ahead of the expiry of their contracts if that would ease the crew change process. Currently, d’Amico Societa di Navigazion’s 300 crew members on ships have been waiting to be disembarked at suitable ports. 2-August-2020

 

A decade-long court action between Italian shipowner and operator d’Amico Societa di Navigazione subsidiary d’Amico Dry Bulk and Primera Maritime nears its end. New York Second Circuit Court of Appeals dismissed an appeal from Primera Maritime and remanded the case back to the district court to determine the d’Amico Societa di Navigazione subsidiary d’Amico Dry Bulk’s attorneys’ fees. The case stems from a 2008 FFA (Freight Forwarding Agreement) between Italian shipowner and operator d’Amico Societa di Navigazione subsidiary d’Amico Dry Bulk and Primera Maritime and a succeeding $1.79 million London arbitration award. The federal court judge in Manhattan ruled that Primebulk was only created to shield assets from d’Amico Societa di Navigazione subsidiary d’Amico Dry Bulk in its attempts to collect on the award. The federal court judge in Manhattan stated that Primebulk, several other Coronis-backed companies, and the father-son duo were liable for the decision. The federal court judge in Manhattan awarded Italian shipowner and operator d’Amico Societa di Navigazione subsidiary d’Amico Dry Bulk the $1.79 million, plus interest and legal fees, making the total to $3.2 million. d’Amico Societa di Navigazione subsidiary d’Amico Dry Bulk announced the 10-year legal fight may be coming to an end. 18-May-2020

 

Forward Freight Agreements (FFAs) lawsuit between shipowner d’Amico ​Società di Navigazione SpA and Greek Primera Maritime dismissed by New York District Judge. Forward Freight Agreements (FFAs) do not qualify as maritime contracts in English courts. New York District Judge and Appeal Court ruled that Forward Freight Agreements (FFAs) is only a maritime contract if its principal objective is to further maritime commerce, such as when it is used to hedge risks associated with the employment of a vessel. New York District Judge and Appeal Court decided that shipowner d’Amico ​Società di Navigazione SpA used Forward Freight Agreements (FFAs) for speculation rather than to hedge against a drop in shipping prices. 4-September-2016