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RINA (company)

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RINA
FormerlyRegistro Italiano Navale
Company typeSocietà per azioni
IndustryEnergy and Mobility, Marine, Certification, Industry, Real Estate and Infrastructure[1][2]
Founded1861
HeadquartersGenoa, Italy
Area served
Global
Key people
  • Carlo Luzzatto (CEO and General Director)
  • Ugo Salerno (Executive Chairman)[3]
ServicesVarious
Revenue€664 million (2022)[4]
Number of employees
5,300 (2022)[5]
Websitewww.rina.org

RINA is a private, multinational company headquartered in Genoa, Italy. It was founded in 1861 under the name Registro Italiano Navale (Italian Naval Register).

In 1999, following the enforcement of a 1994 European Council directive regarding the inspection, survey and certification of ships[6] that liberalized the ship classification market, the Registro Italiano Navale transferred all operational activities to RINA S.p.A.,[7] making it the sole, and later, majority shareholder.[8]

Until 1999, RINA worked almost exclusively as a ship classification company. It has since included operations in the following sectors: Energy and Mobility, Marine, Certification, Industry and Real Estate and Infrastructure. The company has also expanded its services in the fields of testing, inspection and certification and engineering consultancy.[9]

History

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Registro Italiano Navale

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RINA was founded as operational company RINA S.p.A. by Registro Italiano Navale, a private body founded in Genoa in 1861, to resolve a number of economic concerns involved in the maritime transport sector. It is the third-oldest ship classification register in the world, after the English Lloyd’s Register (1760) and the French Bureau Veritas (1828). It is also a founding member of the IACS, a non-governmental organization that currently consists of twelve member marine classification societies. In its first 140 years, the Registro Italiano Navale operated as a monopoly on ships flying the Italian flag. Subsequently, a European directive[10] came into force, which liberalized the ship classification and related activities, and led the Registro to enter for the first time a competitive market.

RINA S.p.A.

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In 1999, the Registro Italiano Navale transferred all the operational activities to a brand-new company, RINA S.p.A.,[a] of which it then became the sole shareholder, now the majority shareholder. Currently, the Registro Italiano Navale is a private non-profit organization, comparable to a foundation.[11]

RINA Services S.p.A.

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In 2009, RINA Services S.p.A. was established, a company to which RINA S.p.A. transferred the authorisations and accreditations relating to classification, certification, auditing and testing services. [12]

In the following years, RINA acquired three companies operating in the consulting engineering market, D’Appolonia (2011),[13] Centro Sviluppo Materiali (2014)[14] and Edif Group Limited (2016).[15] In 2017, D’Appolonia was rebranded as RINA Consulting.[16]

Organisation and structure

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The group is headed by RINA S.p.A., which acts as the holding company and no longer carries out operational activities, but provides the group with administrative, organisational and financial services. As parent company, RINA S.p.A. also controls the two main sub-holdings RINA Services S.p.A. and RINA Consulting S.p.A.[17]

Until 2023 the shareholders of RINA S.p.A. and therefore of the whole Group, are Registro Italiano Navale, with a large majority share (70%), Naus S.p.A. (27%) and RINA management (3%).[18]

On June 1, 2002, Ugo Salerno was appointed Chief Executive Officer of RINA; since 2012, he has also held the position of Chairman.[19]

On 13 December 2023, Fondo Italiano d'Investimento SGR officially entered into the shareholder structure of RINA S.p.A.[20] The new share distribution gives Registro Italiano Navale a majority stake, 33% to Fondo Italiano d'Investimento and other co-investors led by it, and 3,5% to RINA's management.

Concurrently, on the same day, the Board of Directors of RINA S.p.A. appointed Carlo Luzzatto as the CEO and General Manager of the company, while Ugo Salerno remains in his role as the Executive Chairman.[21]

The first office outside of Italy was opened in Shanghai in 1885.[22] Today, it has a network of over 200 offices in 70 countries worldwide with a workforce of 5,300 people. Its head office is in Genoa.

Services

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RINA provides quality assurance and certification for ship's components and accessories, including life-saving appliances, marine pollution prevention, fire protection, navigation, radio communication equipment, deck gear, cables, rodes, and anchors.[23] It also provides engineering consultancy services through the RINA Consulting S.p.A. and its subsidiaries.

RINA is one of the founding members of IACS and actively participates in technical, research and rule-making groups in different institutional contexts at national and international level.

Controversy

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In December 1999 the tanker MV Erika sank off the coast of Brittany, causing a major oil spill. RINA was the certification society responsible for issuing all the safety certificates for Erika.[24] The case came to trial in 2007 and Total, which chartered the oil tanker, was eventually found guilty and ordered to pay a fine of 375,000 € and a compensation to the civil parties of 200 M €.[24][25]

In December 2012 the garment factory Ali Enterprises in Karachi burned down causing 289 victims.[26] The Company was certified in the weeks before this incident by RINA with a SA8000 certificate.[27]

Notes

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  1. ^ In an official note dated August 4, 1999, prot. no. R/228, filed on August 17, 1999, prot. no. 757.661, the Italian Naval Register informed the Italian Ministry of Industry, Commerce and Handicrafts about the set-up of the private company RINA S.p.a., with head office in via Corsica, 12 - Genoa (Italy), to which it transferred all operational activities related to classification, certification, assessment, testing, training, advisory and research in the maritime sector and in other productive sectors.

References

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  1. ^ "Home". annualreport.rina.org. Retrieved 1 April 2022.
  2. ^ "RINA at a glance - RINA.org". www.rina.org. Retrieved 1 April 2022.
  3. ^ "Ugo Salerno stepping down as RINA's boss after two decades in hot seat". Retrieved 6 November 2023.
  4. ^ "RINA: RINA exceeds 660 million in revenue and presents the strategic plan to 2027".
  5. ^ "RINA annual report 2022".
  6. ^ "Council Directive 94/57/EC of 22 November 1994 on common rules and standards for ship inspection and survey organizations and for the relevant activities of maritime administrations". EUR-Lex - Access to European Union Law. Retrieved October 7, 2021.
  7. ^ "History of RINA". RINA corporate website.
  8. ^ "Press release – Paolo d'Amico appointed new Chairman of Registro Italiano Navale" (PDF). d’Amico International Shipping corporate website.
  9. ^ "RINA Annual Report 2020".
  10. ^ "Council Directive 94/57/EC of 22 November 1994 on common rules and standards for ship inspection and survey organizations and for the relevant activities of maritime administrations". EUR-Lex - Access to European Union Law. Retrieved October 7, 2021.
  11. ^ Cazzulo, Roberto. "RINA: una storia lunga 160 anni" [RINA: a 160-year history] (in Italian). Retrieved 7 October 2021.
  12. ^ "Conferimento del ramo d'azienda relativo a tutte le attività operative da parte dell'organismo notificato RINA S.p.a. alla società RINA Services S.p.a., in Genova" [Transfer of the branch of business related to all operational activities of the notified body RINA S.p.a. to the company RINA Services S.p.a., in Genova]. Gazzetta Ufficiale della Repubblica Italiana (in Italian). Retrieved 7 October 2021.
  13. ^ "Italy: RINA Acquires D'Appolonia Engineering Consultancy". Offshore Energy. November 10, 2011. Retrieved October 7, 2021.
  14. ^ "RINA Acquires Leading Materials Technology Centre CSM". Offshore Energy. January 28, 2014. Retrieved October 7, 2021.
  15. ^ "RINA Acquires Edif Group". Oilfield Technology. May 25, 2016. Retrieved October 7, 2021.
  16. ^ "RINA Consulting to advise on new Kuwaiti Ports". RINA corporate website. June 5, 2017. Retrieved October 7, 2021.
  17. ^ "RINA Governance". RINA corporate website. Retrieved October 7, 2021.
  18. ^ "Paolo d'Amico appointed New Chairman of Registro Italiano Navale". Shippax. October 22, 2020. Retrieved October 7, 2021.
  19. ^ "La storia di RINA, la società di certificazione e consulenza ingegneristica che fattura mezzo miliardo. E pensa allo sbarco in Borsa" [The story of RINA, the certification and consulting engineering company that has a turnover of half a billion. And thinks about the stock exchange]. Forbes (in Italian). Retrieved 7 October 2021.
  20. ^ "Rina receives € 180 million from new shareholder".
  21. ^ "RINA S.p.A. and Fondo Italiano d'Investimento's Investment Deal Successfully Closed".
  22. ^ "Our history". RINA corporate website. Retrieved October 7, 2021.
  23. ^ Anchor Certification, HHP & SHHP Classification, and Type Approval
  24. ^ a b "Total found guilty in 1999 French oil spill case". January 16, 2008.
  25. ^ "Court upholds Total conviction in 1999 'Erika' oil spill". September 25, 2012.
  26. ^ Shah, Imtiaz; Akhtar Soomro (12 September 2012). "Fires engulf Pakistan factories killing 314 workers". Reuters. Retrieved 24 March 2022.
  27. ^ Declan Walsh; Steven Greenhouse (19 September 2012). "Inspectors Certified Pakistani Factory as Safe Before Disaster". The New York Times. Retrieved 24 March 2022.
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