Independent journal on economy and transport policy
15:43 GMT+2
This page has been automatically translated by Original news
Pillarstone Italy announces the conclusion of the renegotiation of PB Tankers' debt
Four of the company's MR2 ships enter the Finav fund
May 5, 2020
Pillarstone Italy specified that today's operation it also strengthens the operational capacity of Premuda, the Pillarstone Italy's ownership of the operations management of a fleet of up to 36 by the end of the year.
"This operation - pointed out the administrator Pillarstone Italy delegate, Gaudenzio Bonaldo Gregori - consolidates Finav's role as a leading player in the shipping industry Italy. We maintain the operation of the fleet in Italy and we continue to invest in a purely industrial logic for growth and become more efficient and efficient competitive markets, ready to meet the challenges Covid-19 pandemic places us. We thank the shareholders and the management of PB Tankers with which in recent months we have started and had a fruitful collaboration."
"The agreement announced today - commented Gianni Barbaro, CEO of the parent Pietro Barbaro - contributes significantly to the process of restructuring of PB Tankers, whose business had been last year blocked and jeopardized by the temporary unjustified inclusion in the list of OFAC sanctioned persons. The agreement allows PB Tankers to restore its economic/financial balance while ensuring continuity continuing the business.'
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher