Premuda SpA is an Italy-based holding company, operating in the marine transportation sector. It offers transport of liquid and dry goods in bulks, using its own ships, as well as those of third parties. The Company mainly operates in two sectors: tanker sector and the bulk sector. The tanker sector focuses on transportation of oil and derivative products. The Bulk sector is focusing on transportation of oil and derivative products. Its fleet is composed of Floating Production Storage and Offloading tankers, dry bulkers and Floating Production Storage and Offloading (FPSO). As of December 31, 2011, the Company operated through five subsidiaries and one affiliate located in the United Kingdom, Italy, Luxembourg, Australia, Monaco and Portugal.