Moby Lines - 3Q16 Results

​Moby Lines (Onorato Armatori), the Italian ferry operator, held a conference call today to discuss another weak set of results in 3Q16, the company’s most important quarter (c. 70% of EBITDA). That said, Moby’s poor performance was expected, extending the unhealthy trend from the first half of the year. It’s also worth noting that Moby provided no updates on the potential fines regarding the Tireenia-CIN acquisition, and the overcompensation for public-utility routes.Volume development ...