Umberto Costa passes away

Umberto Costa, one of the most famous names in Italian shipbroking, has passed away 

Costa co-founded Banchero Costa, the Genoa shipbroker, alongside Lorenzo Banchero in 1968, going on to make the company a global broking house.

“Umberto’s unwavering dedication, expertise, and profound passion not only shaped our company from its very beginnings but also left an indelible mark on the wider shipping community,” the company stated in a social media posting. 

Costa sold his shares in the company to his business partner in 1999. Banchero died in January last year.