The Genoa-based group hasreported a loss of EUR 17.7m ($23.7m) for the first nine months of 2013,compared with a loss of EUR 7.8m in the same period 12 months ago.
It blames poor freight rates,a weaker dollar, a lack of employment for its FPSO vessel Four Rainbow,and additional financial costs.
Premuda remains innegotiations with the banks to renew letters of credit worth between EUR 15 andEUR 20m, but said it was confident of reaching, “in a reasonable time, anagreement acceptable to all interested parties”.
