Navigazione Generale Italiana
| Navigazione Generale Italiana | |
|---|---|
| legal form | Corporation |
| founding | 1881 |
| resolution | 1932 |
| Reason for dissolution | Merger with Lloyd Sabaudo and the Cosulich shipping company to form the Italia fleet Riunite |
| Seat | Rome |
| Branch | Shipping company |
The Navigazione Generale Italiana (NGI) was an Italian shipping company that was created in 1881 through the merger of the shipping companies Rubattino from Genoa and Florio from Palermo . The NGI had its seat in Rome . In 1932 the NGI was merged with the Lloyd Sabaudo and the Cosulich shipping company to form the Italia Fleet Riunite .
history
On September 4, 1881, the Navigazione Generale Italiana, Società Riunite Florio e Rubattino was founded. Behind the merger of Florio and Rubattino was the Genoese banker Domenico Balduino, who had to come to the aid of the ailing Rubattino shipping company with his Credito Mobiliare . Balduino managed to get the government to award all concessions and subsidies for postal shipping services to the new NGI. Ignazio Florio was only prepared to merge and thus save the Genoese Rubattino shipping company under these conditions. At the time of the merger, 20 years after the unification of Italy , NGI was the largest shipping company in the country and one of the largest in the world. The merger also represented the economic unification of Italy: 40 percent of the shares went to the two founding families, Florio and Rubattino, the remaining 20 percent to Credito Mobiliare . Florio contributed 43 of the 81 ships of the new shipping company, i.e. more than half.
The operation met with opposition from the other Italian shipping companies, some of which were taken over by the NGI over time. As early as 1885, the shipowners Edilio Raggio and Erasmo Piaggio had to sell a total of 17 ships to NGI for economic reasons. In 1901 the NGI took over the shipping company La Veloce and with it its South America lines. The subsidiary SNSM was founded for the Mediterranean business in 1910, which is why the NGI then concentrated on the American routes with 19 remaining ships. At the same time, the NGI got involved in Lloyd Italiano , which it acquired entirely in 1918.
Because of the Great Depression of 1929, which quickly spread to passenger and merchant shipping, several Italian shipping companies were nationalized and then merged. Among them were the NGI, the Lloyd Sabaudo and the Cosulich-Reederei, which were combined under the Italia Flotte Riunite in 1932 and then merged in 1937 to form the Italia Società Anonima di Navigazione or Italian Line .
Web links
- Entry on theshipslist.com (English)
- Description on italianliners.com (English / Italian)