
Mitchell’s funnel appears to be based on Paganini, managed by the company in the 1988–89 register. His association with Eugenio Tullier would explain the letter. The company website spells the president and managing director’s name Eugenio Tuillier; he began in his father’s Lugano management business in 1969, became independent in 1981 and moved to Monte Carlo in 1985.
The company dates its formation to 1975, while Lloyds first gave 1987 and later amended this to 1974. Its own account says Navigestion S.A.M. was created in 1996 to separate technical ship management from Arminter’s commercial work in chartering, operations, insurance and vessel transactions. Lloyds instead describes a December 2000 split into Martinoli S.A.M. and Navigestion S.A.M., while continuing to list Arminter.