London, September 23, 2025, (Oilandgaspress) –– Watson Farley & Williams (“WFW”) advised ING Bank N.V.’s Milan branch (“ING”) on two loans totalling over US$100m, one of which is sustainability-linked, granted to Premuda to support both its recently announced management buyout and to refinance the acquisition of two tankers – m.v.s “PS SINGAPORE” and “PS SYDNEY” – both already under its management.
Amsterdam-headquartered ING is one of the world’s largest banks with US$1,020.5bn total assets in 2024. With offices in Genoa and Malta, Premuda, one of Italy’s oldest shipping companies, currently operates a mixed fleet of bulkers and product tankers.
The cross-border WFW Maritime team that advised ING was led by London Assets and Structured Finance Partner Lucy Shtenko, working closely with Associate James Burgess and Trainees Tom O’Kane and Henry Stevenson. WFW Italy Finance Partners Mario D’Ovidio and Furio Samela, Corporate Counsel Giovanni Battista Bruno and Associates Sergio Napolitano and Giulia Chiarvesio advised on Italian law matters.
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