Type Joint stock company Net income € 14.1 millions (2007) Headquarters Cagliari, Italy | Revenue € 296 millions (2007) Website Tirrenia.it Parent organization Moby Lines | |
Owner Compagnia Italiana di Navigazione CEO Massimo Mura (7 Jul 2015–) Founded 21 December 1936, Naples, Italy | ||
Tirrenia Compagnia Italiana di Navigazione is an Italian, privately owned, shipping company contracted by the Ministry of Transportation to provide an essential link between the major islands and the mainland. It operates a fleet of 23 vessels on internal Italian routes.
Contents
History
Tirrenia was founded in 1936, resulting from the nationalization of many private-owned Italian lines. After World War II, the few ships surviving the conflict were used to connect Italian islands, mainly Sardinia, to the mainland. In the 1970s ships were gradually replaced by ferries, and since the end of the 1980s the company has been upgrading its older units with faster ones capable of reaching 35–40 knots.
However, most of these were unpractical or too expensive to operate and are now scrapped. The Italian Government, after having subsidiarized the company some years, privatised Tirrenia in 2012.
The company today
On 23 December 2009, Tirrenia was put on the market. Sixteen companies join the bidding, including SNAV, Grandi Navi Veloci, Grimaldi Lines, Moby Lines, Ustica Lines, Corsica Ferries and Mediterranea Holding (including Regione Siciliana and Alexis Tomasos). The latter ends up alone when al the other bidders quit. On 28 July 2010, Mediterranea Holding won the bidding for Tirrenia and Siremar. On 4 August, Fintecna announces that the sale will not happen, since Mediterranea Holding did not show up for signing. On 12 August, the company officially entered receivership, as requested by commissioner Giancarlo D'Andrea.
An agreement has been made for Tirrenia to be taken over by Compagnia Italiana di Navigazione (Cin) in 2012. However in May the competition authority opened an investigation into whether a dominant position in routes to Sardinia would be created.
Tirrenia group
Tirrenia Group included until 2010 the following company: