Investment in the maritime transport sector
Finaval is a historic Italian shipowning company established in 1985. We can boast 30 years of experience in the transportation of crude oil and refined products, and today, thanks to know-how and expertise, we are transforming into a modern investment company operating in the shipping industry.
The investment approach is based on knowledge of the market, rigorous data analysis, and, finally, a strong focus on risk management to be able to operate safely in all market conditions.
Finaval invests in business areas with high value potential in the belief that corporate responsibilities are not limited to profit alone, but should also include promoting the development of knowledge, ethical values and social cohesion.
More than 30 years of experience
Finaval was founded in 1985 in Rome as an entrepreneurial initiative aimed at establishing itself in the shipping industry. During the 1990s, it focused its business on the maritime transportation of petrochemicals and proceeded to gradually build up a fleet of owned and operated chemical tankers.
In the late 1990s, it formed, in agreement with the Marnavi shipowning group, the consortium company Novamar, which, with the ownership and management of more than 30 chemical tankers, stands as one of the world’s top 5 players in the industry.
In 2004 Giovanni Fagioli, took over 100 percent of Finaval and began a process of corporate restructuring and reorganization aimed at exiting the chemical sector and strengthening the oil and products sector.
During 2006, Finaval, the first in Italy, obtained from RINA S.p.A. certification of the Organization, Management and Control Model adopted pursuant to Legislative Decree. 231/2001.
Between 2006 and 2008, Finaval strengthened its partnership with Mansel Oil (Vitol) through a capital increase, reserved for Vitol itself, amounting to a 25 percent stake in the company and the expansion of its fleet with 6 Aframax vessels and 4 MR vessels.
In 2014, as a result of the intense and long-lasting crisis in the industry, Finaval reached an agreement with its entire credit system to restructure and reshape its financial debt, which ultimately included the sale of its assets over time.
Today Finaval can count on 4 ships in which it holds shares together with international partners and has recently purchased 60 percent of the company’s Mar.in. Service, a company specializing in the testing of raw, finished and petrochemical products.
The acquisition of Mar.in. Service, coupled with the ownership of the investee GDAS in India, becomes a crucial first step in order to realize future growth plans.