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 Italians 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, includ...