Raffaele Zagari Biography and Net Worth

Mr. Raffaele Zagari serves as director on our board of directors since August 2018. In his career he has developed approximately 25 years experience in the shipping business. Since 2010, as CEO of Augustea Group Mr Zagari engineered and implemented the expansion and consolidation of the dry bulk business that has led to the incorporation of Augustea Atlantica, and its subsidiaries in Argentina, Singapore, London and Malta (“Augustea Group”). He has actively promoted the incorporation of CBC, AOM, ABML and ABY, the joint ventures in which Augustea Atlantica is a shareholder. He has funded the towage company Augustea Grancolombia in the Santa Marta area in Colombia and he has, over the years, worked closely with Drummond Coal and Glencore on their logistical/maritime needs for their local coal loading operations which have a combined 60 million tons yearly throughput. During this time he supervised in excess of 50 sale and purchase projects (both new building and second hand), and more than a dozen long-term ship leases primarily with the support of Japanese conglomerate Mitsui & Co. Since 1997 he has been actively leading the Chartering Department of Augustea Dry Bulk Division, and directing the other business of  the Augustea Group. In 2017, Raffaele was  appointed Chairman of   Augustea Group Holding SpA, in addition to his role as the Group’s CEO. He is also appointed as   non-executive director in Steamship Mutual, one of the largest P&I marine insurance, where he also chairs the Underwriting and Reinsurance Committee. Prior to joining  Augustea, and for the period 1993-1995, Mr Zagari  worked for Blenheim Shipping (a company of the former Scinicariello Augustea Group)   during which time he gained extensive experience in the Japanese shipyards, Sumitomo Yokuska and Sanoyas Mitsushima,  as assistant site supervisor. In 1996 -1997 ,  he worked   at Zodiac Maritime Agencies with the operations department before joining the Augustea Group. Mr Zagari  holds a Diploma in Commercial Operation of Shipping at Guldhall University London.