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    Sale of m/s. Four Cutter

Delivery date 13 July, sale of the 72,500 dwt panamax tanker Four Cutter to the Malaysian state oil group: the same ship had been entrusted to the Company by the Korean Samsung Shipyard at the end of April. Premuda S.p.A. had, therefore, owned and employed the ship for fewer than three months.
The operation, executed by Premuda (Pacific) Sdn Bhd - Kuala Lumpur, was most successful, allowing the company, in a very brief space of time, to make considerable gain (about 3.5bn Lire) and to release funds to be employed in supporting on-going investments - in the meantime increased by the order of a second 160,000 dwt suezmax.

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