Premuda counts on long term charters to navigate storm

John McLaughlin - Monday 11 May 2009

ANNOUNCING first quarter earnings in line with the same 2008 period, Genoa-based Premuda cautiously anticipated positive results for the year ahead.

Despite the pressures weighing on its core tanker and bulk carrier businesses, Premuda said it was counting on existing long-term contracts and proceeds from a vessel sale to help it through the sto...