CTM takes over commercial management of Premuda’s dry bulk fleet

CTM and Premuda have entered into an agreement of commercial management for the dry bulk fleet of the Italian owner.

Premuda’s dry bulk fleet is currently made up of handysizes and panamaxes. All vessels will be managed by the commercial team of CTM at the head office in Monaco.

Premuda, whose history dates back to 1907, is involved in the tanker and bulker segments, with a fleet of 32 vessels. In 2017, Pillarstone Italy, a subsidiary of US equity firm KKR, became Premuda’s sole shareholder.

Marco Fiori (pictured), CEO of Premuda Group, commented: “The partnership with CTM is a further step ahead in our plan of transforming Premuda into a modern shipping company with a prevalent focus on tankers, but also with a smart and flexible operating model on the bulk space. I am sure that the partnership with CTM will allow us to take full advantage of the current positive cycle in the dry cargo segment.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.


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