PREMUDA

Premuda Group is a global leading operator in bulk carriers and tanker markets incorporated in Italy. It was established in Trieste in 1907, making it one of Italian’s oldest internationally operating shipping company. The Group has passed through several changes of control and in 2017 was finally taken over by Pillarstone, a primary private equity fund backed by KKR. In stepping-in Premuda Group, Pillarstone injected a significant amount of new finance and the company was delisted from the Italian stock-exchange. The new equity story – which combines financial innovation, unique shipping skills and a strong investor base – is aimed at creating a new “champion” in the Italian maritime cluster, capable to act as consolidator of the sector and to deliver a sustainable growth plan with international breadth. At beginning of 2019, a new management team has been hired to drive the transition of Premuda Group towards a new business model, encompassing the opening of new business lines, including short-term operator activities (managed directly or through JVs) and providing shipping full management services towards third-party owners (including banks), along with an ambitious plan of scaling-up the owned fleet and optimize the cargo mix. The Group is headquartered in Genova with offices in La Valletta. Our corporate philosophy is based on three key pillars: (i) we have care of the marine environment; (ii) we are committed to our people and our communities; (iii) we have an innovative mind-set and we are relentlessly focused at creating value for our stakeholders.