d’Amico International Shipping S.A., an international marine transportation company operating in the product tanker market, announces that its operating subsidiary, d’Amico Tankers D.A.C. (Ireland) (“d’Amico Tankers”), has recently signed new 12-month time charter agreements for two of its Eco-MR2 vessels and one of its Eco-LR1 ships, all with reputable counterparties and at very profitable daily hire rates. Additionally, d’Amico Tankers has signed a 6-month contract for one of its MR2 vessels and extended an existing contract for another MR2 vessel by six months, also at profitable hire rates.
Following the conclusion of these time-charter agreements, DIS has the following estimated forward contract coverage:
Carlos di Mottola, Chief Executive Officer of d’Amico International Shipping, stated:
“I am pleased to announce the conclusion of these time-charter agreements with highly reputable counterparties. These contracts are fully aligned with our well-established strategy of progressively increasing coverage, thereby strengthening earnings visibility and reducing exposure to market volatility. Furthermore, the highly attractive rates secured under these agreements reflect the current positive market outlook. We believe DIS is well positioned to continue delivering strong results and to capitalise on favourable market dynamics.”
Source: d’Amico International Shipping S.A.
