Newly restructured Italian shipowner Premuda has bought its first vessel since its takeover by private equity player Pillarstone.

The tanker and bulker owner confirmed its $16.1m purchase of the 45,500-dwt MR product tanker High Efficiency (built 2009) from DM Shipping, a joint venture between d’Amico International Shipping and Mitsubishi Corp.

The deal comes about two years after Genoa-based Premuda was taken over by KKR-backed Pillarstone.