Premuda SpA

Premuda is a shipping group listed on the Stock Exchange, its business being the transport of liquid and dry goods in bulk - employing its own ships as well as those of third parties. The first Italian shipping company to be listed on the Stock Exchange, it boasts an important Fleet of a high technical level composed of tankers, dry bulkers and FPSO. Premuda is today one of the main operators in maritime transport and in the chartering of ships for liquid and dry goods in bulk. Premuda has been on the market since 1907 updating its operating procedures using ships endowed with the most advanced technology. The Group functions with the utmost respect for international regulations regarding safety and protection of the environment. Given the attention now universally focused on the problems concerning safety in sea transport, the value of the Group Fleet has increased. The on-going updating (set in motion by the Erika case) of IMO regulations so as to exclude shipping traffic of single hull tonnage is a strong positive element for the Group, since it implies pursuant remarkable optimism on chartering market trends and on the value of the fleet for the next few years.