CTM becomes the commercial manager of the Premuda dry bulk fleet
CTM and Premuda are pleased to announce that they have recently entered into an agreement of commercial management for the dry bulk fleet of Premuda.
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 is one of the oldest names in shipping having been established in Trieste, Italy in 1907 (when Trieste was still part of the now-former Austro-Hungarian Empire 1867-1918). Today, the company 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.
We are excited to welcome Premuda to the CTM family, look forward to managing their vessels and to further develop this new partnership in the foreseeable future. Carlos Pena our Chief Commercial Officer had this to say on Premuda joining CTM: “we are very excited that a company with such a strong shareholder behind has chosen to partner and entrust us with their valuable assets. This is another valuable step for all stakeholders of CTM and we look forward to the times ahead”.
Marco Fiori, 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.”
C TRANSPORT MARITIME S.A.M. (CTM) is a highly qualified and experienced vessel management company primarily in the dry cargo ocean transportation industry. Established in Monaco in 2004, the company has strong Greek and Italian shipping roots that reach back over a century. CTM currently manages a fleet of over 200 dry cargo vessels at any point in time in the Handymax up to Capesize segments.