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22 November 2019 The on-line newspaper devoted to the world of transports 07:05 GMT+1



October 29, 2019

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Original news
It jumps the buying and selling agreement of ships between Moby and DFDS

The Italian company accusation the financial institution Unicredit not to have given the consent to the liberation of the mortgages on the ships

The agreement stipulated last month for the cession of the ferries Moby Wonder and Moby Aki of the Moby to Danish group DFDS and for the contextual sale by this last one of the ferries King Seaways and Princess Seaways to the company of Italian navigation is jumped(on 9 September 2019).

Announcing the revocation of the understanding, that it would have had to be completed in the second half of the current month, the nordeuropeo shipowning group has specified that Moby has not been able to respect the terms of the agreement. From part its Moby, that it takes part of the Honored group Shipping, has explained in a note to the Stock exchange of Luxemburg that "the reason of the cancellation is that Moby has not been able to deliver to the DFDS the ships free Moby Wonder and Moby Aki from the hypothecating mortgages granted by Unicredit in quality of security relatively agent to the guaranteed financings of the Moby. Moby - the note of the company of Italian navigation continues - considers that Unicredit, as security agent, was contractually obliged to supply the consent to the liberation of the mortgages and intends to formally face the issue with Unicredit in quality of security agent and with its lenders".

In a note to it prints Moby, restating that "the resolution is chargeable to responsibility of Unicredit Spa", it has denounced that "the event is incredible and unjustifiable because Moby has demanded, as from praxis, the assent to the cancellation of the mortgage until from and today Unicredit not even has on September 20, 2019 not deigned to answer officially, limiting itself guilty to attend the expiration of the terms of delivery". As for the formalizzazione of the issue with the financial institution, Moby has clarified that "she will act in judicial center regarding Unicredit Spa in order to obtain the compensation of the most serious damages caused from this last one".

Vincenzo Miele



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