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ITALIAN JOINT VENTURE SHIP MANAGER APPOINTS MD

ITALIAN JOINT VENTURE SHIP MANAGER APPOINTS MD

Wednesday, December 9, 2020 

Ship management and maritime services provider, Columbia Shipmangement (CSM) is pleased to announce that Xanthos Kyriacou has taken over as MD of CSM Italy, a new joint venture with CSM and the Italian ship-owning Group Premuda.

Kyriacou (pictured) has extensive experience of the industry having spent the last 12 years as Commercial Manager of CSM’s Cyprus operation. Under the terms of the joint venture, CSM will enter the Italian market and take on the full management of the entire Premuda fleet, currently consisting of 28 ships under the control of the Genoese company and Finav, the Fund for credit management in the shipping sector established by Davy Global Fund Management, with the support of Pillarstone Italy. Premuda will be a shareholder in the new company, which will be based in Genoa.

CSM Italy plans to provide full ship management and maritime services. Other than management of the Premuda fleet, it will offer a full range of management and maritime services to the entire Italian maritime cluster.

Kyriacou said: “I am delighted to be leading CSM Italy as we look forward to working with existing and potential clients in this key maritime hub. The Italian shipping industry is well established and so it was a natural step for Columbia Shipmanagement to establish a local presence to support our clients. CSM Italy will provide the highest quality and professional management services by continuing to provide added-value through our commitment to be world-class ship managers.”

Mark O’Neil, CEO Columbia Shipmanagement, said: “It is a great pleasure to welcome Xanthos Kyriacou as Managing Director at CSM Italy. Local representation in Italy means we can maintain high standards of support to our clients in the region more effectively and more efficiently.”

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