MADRID: Opportunities often emerge for canny shipowners in times of crisis but with a lack of financial support it’s hard to snatch them. That’s exactly the feeling expressed by Giuseppe Mauro Rizzo, ceo of Rizzo Bottiglieri De Carlini Armatori (better known as RBD Armatori), an Italian shipping company founded in 1850 in Torre del Greco (Naples) controlling a fleet of 17 ships made up of six aframax tankers (including 4 LR2) and 11 bulk carriers (four capesizes, four post-panamaxes and three panamaxes).
In order to protect its US-based assets from creditors while it restructures at home, last April the company obtained Chapter 15 protection from bankruptcy judge David Jones of the Federal Court in Houston.
