With the approval by the Court of Torre Annunziata of RBD Armatori’s bankruptcy plan arrived yesterday Thursday 16th January, 2020, the long story of the Naples based shipping firm has come to an end.
The entire fleet of 7 bulk carriers including four post panamaxes and three capesize units, one aframax tanker and some real estate properties have gone to Reuben Brothers, while the fleet carve up sees Pillarstone take the remaining five aframaxes.
Pillarstone Italy, the turnaround firm founded by KKR Capital which is the main creditor of RBD Armatori, will send the aframax tankers to be managed by subsidiary Premuda.
Genoa based Premuda’s fleet is set to hit 25 vessels – a mix of dry bulkers and tankers both controlled and under commercial and technical management.
Photos by Capt. Lawrence Dalli. Do not use these images without my permission. © All rights reserved. Malta Ship Photos & Action Photos – www.maltashipphotos.com
Published – Friday 17th January 2020