Navigazione Generale Italiana
The company was founded in 1932 through a merger of the Genoa-based Navigazione Generale Italiana (NGI), the Turin-based Lloyd Sabaudo, and the Trieste-based Cosulich STN lines, encouraged by the Italian government. The new company acquired the Cosulich-owned ships and , the Lloyd Sabaudo-owned , and and the NGI-owned , , and . The same year two previously-ordered ocean liners were delivered to the company: , that won the Blue Riband in 1933, and .