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RBD Armatori’s fleet to be split in two

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, it now emerges that Pillarstone Italy is likely to take part in the fleet carve-up as the initial bid did not meet creditor expectations.

Splash understands Pillarstone will take the Italian owner’s six aframax tankers, while Reuben will take all the dry bulk vessels and the prestigious hotel La Palma based in Capri.

Naples-based RBD Armatori was formally declared bankrupt at the start of 2018 with its fleet sell-sell-off proving a lengthy process with a number of failed auctions.

Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.
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