Italian tanker and bulker owner Premuda expects to finish its debt restructuring by the end of the year, says chief executive Stefano Rosina.
The Genoa-based shipowner remains in talks more than 12 months after defaulting on EUR 313m ($411m) of bank loans but it is confident of securing the backing of 13 banks for an out-of-court debt restructuring.
“We have the support of the banks,” said Rosina, who blames a terrible dry cargo market for much of the company’s ongoing problems.
Premuda’s
