Carlo Merli has been appointed Chief Executive Officer of the Setramar Group, a company that operates four port terminals multipurpose in the port of Ravenna capable of handling up to seven million tonnes of steel products, cereals and flours, agri-food in general, fertilizers, minerals, aggregates, forest products, miscellaneous goods and in packages, project cargo as well as containers.

Merli, who will take office with effect from the next 1 September, boasts thirty years of experience in the logistics and transport having held senior roles at F2i Port Holding, MarterNeri and APM Terminals of the Maersk group. The Setramar highlighted that Merli's appointment takes place at a time crucial for the group, which has recently signed an agreement with Davidson Kempner Capital Management (DKCM), a global company investment management company, and its operating partner, One33, to develop the group's Ravenna terminal and launch a platform dedicated to port infrastructure. The agreement will lead to Davidson Kempner to indirectly hold a stake in the 70% in the port division of the Setramar Group, whose current shareholders will hold the remaining 30%.