Restructured Premuda bought a ship
The Pillarstone-controlled company after a decade closed a deal for buying a MR tanker a messo a segno l’acquisto di una nave cisterna del 2009
Genoa-based Premuda is back on the market with ‘shopping mood’.
Brokers sources revealed that the Pillarstone-controlled company now headed by Marco Fiori is the buyer of the 2009-buit medium range tanker High Efficiency just sold by DM Shipping, joint venture 51% participated by d’Amico International Shipping and 49% by Mitsubishi group.
For Premuda this deal represents the beginning of a new era since the company was financially rescued two years ago by the KKR-controlled fund Pillarstone and since then, after an initial phase of stability, was expected to make new investments in order to increase its fleet.
Gaudenzio Bonaldo Gregori, country manager of Pillarstone Italy, on year ago in an interview with Maritime CEO said that Premuda was “looking at potential takeover of fleets to be achieved directly or to be somehow integrated”.
The original plan for Premuda announced in 2017 was aimed at building up a shipping platform for distressed assets where putting together ships of the same size and type.