In the first Premuda semester it has recorded a net loss of -15,4 million euros



The shipowning group Italian Premuda has concluded the first semester of the 2014 with a net loss of -15,4 million euros on revenues Time base charter of 31,5 million euros respect to a net loss of -12,1 million euros on revenues Time base charter of 31,9 million euros in the first half last year. The operating result has been of sign negative for -8,9 million euros respect to operating liabilities of -4,2 million euros in the first six months of 2013.

Premuda has explained that the result of the first semester of this year "negatively is influenced by various factors between which is signaled: the market of the hires still widely unsatisfactory, in particular in the section of cargos dries, only partially limited by the commercial covers defined in the past and still available; the weakening to take it in turns medium of the dollar regarding the first semester of the exercise precedence; the lack of revenues by the FPSO Four Rainbow, remained in disarmament for all the first semester waiting for a new project of employment, opposed to a strong impact of the expenses who instituted lawyers for the famous ones arbitrateed regarding Eni Australia, that nine million euro have produced a loss of the period of the controlled Four Vanguard of beyond; the greater weight of the interests liabilities, burdened from the elevated one spread applied on the last realized operations and from the increase of the consequent indebtedness to the carried out investments; a greater weight of the structure costs, burdened from the expenses today supported against the process of restructure of the indebtedness, not still completed".

The Premuda group on 30 June introduced a indebtedness financial clearly of 313,3 million euros. The shipowning group has specified that "the indebtedness entirely is represented in the short term for the come situation beginning from to determine with the suspension of the reimbursements of the quotas vital the financings the poor installments on June 30, 2013, that constitutes nonperformance of contracts of bank financing and attributes to the single banks the faculty to demand the immediate one re-enters from the exposure. They are moreover in course - Premuda has remembered - negotiations with banks interested in order to reach to an agreement of restructure of the indebtedness that involves the entire group and that it re-enters, for the Italian part, as previewed from art the 67 L.F. The agreement would involve new plans of reimbursement and would make to fail the current situation of nonperformance". Premuda has specified moreover that "the group is defaulting exclusively in confronts of the bank rank and substantially turns out current in the other commercial positions; you they have not been therefore initiatives of some type by single creditors or categories of the same ones".

Premuda previews to close the entire exercise anniversary 2014 with a sign result negative, "situation - it has emphasized the company - moreover common to the great majority of the companies of our field".