d’Amico International Shipping S.A., a leading international marine transportation company operating in the product tankermarket, announces that its operating subsidiary, d’Amico Tankers d.a.c. (Ireland) (“d’Amico Tankers”), has signed a new time charter agreement with an oil-major at a highly profitable daily rate, for a period of two years, for one of its MR2 vessels.
Following this agreement, DIS has the following estimated forward contract coverage:
– H2 2026: 53% of DIS’ available vessel days fixed at a TCE rate of approximately US$ 23,700/day
– FY 2027: 27% of DIS’ available vessel days fixed at a TCE rate of approximately US$ 23,751/day
– FY 2028: 2% of DIS’ available vessel days fixed at a TCE rate of approximately US$ 25,639/day
Carlos di Mottola, Chief Executive Officer of d’Amico International Shipping, stated:
“I am pleased to announce this agreement with one of the world’s leading oil majors, at a highly attractive daily hire rate and for a relatively long period. This contract is in line with our current commercial strategy, which aims to selectively capture attractive time-charter opportunities, strengthening our longer-term earnings visibility, while maintaining exposure to the spot market, which is expected to stay strong in the coming quarters. This agreement also highlights the quality of our fleet, our operating procedures, and
above all the dedication and professionalism of our onboard and shore-based teams, enabling us to meet the demanding requirements of some of the world’s foremost charterers. In addition, the contract’s attractive rate and relatively long period are indicative of the constructive medium-term outlook for the product tanker market.”
From today this press release is available on the investor relations section of DIS’ website, filed with the CSSF, disclosed through the e-market SDIR circuit and stored at Borsa Italiana S.p.A. through the e- market STORAGE system and at Société de la Bourse de Luxembourg S.A. in its quality of OAM.
Source: d’Amico International Shipping S.A.
