Already registered? Download PDF LOGIN or SIGN UP
Editor in chief: Angelo Scorza
08/09/19 22:31

RBD Armatori’s fleet to be split in two

Six Aframax tankers are expected to be transferred to Pillarstone while Reuben Brothers will have seven dry bulker and the family hotel in Capri

Seven months after Reuben Brothers private equity fund presented an offer to buy out all the assets controlled by the bankrupt Italian shipping company RBD Armatori, now emerges that also Pillarstone Italy is likely to take part to the splitting up.

Some sources familiar with the matter told Ship2Shore that, after last offer which had been sent to the RBD Armatori liquidators to purchase all the fleet and other real estate properties for a total amount of €270m ($305m) remained in stand-by for months, now a new offer is coming and will be submitted somehow both from Reuben Brothers and from Pillarstone. The latter is the main creditor of the Torre del Greco-based shipping company.

According to the last offer Pillarstone is set to take control of the six aframax tankers in fleet, while Reuben will take all the other dry bulk vessels and the prestigious hotel La Palma based in Capri. Sooner or later the tankers are expected to become part of Premuda’s fleet since it’s the shipping platform of Pillarstone in Italy.

Premuda, which has recently outsourced the technical management of four vessels to Sea World Management of Monaco, is expected to take control of a further handysize bulkcarrier in the next few weeks since the asset is linked to a non performing loan soon to be dismissed by Mediocredito Italiano bank (part of Intesa Sanpaolo group).


Nicola Capuzzo


TAG : Bulker