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01 December 2020 The on-line newspaper devoted to the world of transports 03:48 GMT+1

May 18, 2020

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DIS sells a Handysize product tanker built in 2006 for 8.8 million dollars

d'Amico: The divestment further strengthens our liquidity position

d'Amico International Shipping (DIS) announced the sale product tanker Handysize Cielo in Guangzhou,a ship 38,877 tonnes and built in 2006 at the Guangzhou Shipyard International (China). The unit is was sold through the operating subsidiary of Amico Tankers D.A.C. (Ireland) in the amount of USD 8.8 million.

DIS specified that this agreement allows d'Amico Tankers generating approximately US 8.8 million dollars in cash, net of commissions and having already fully repaid the debt March 2020. This sales agreement - underlined the president and CEO of d'Amico International Shipping, Paul d'Amico "will further strengthen the our liquidity position thanks to a cash flow net profit of about .8 million dollars. THE MT Sky of Guangzhou,built in 2006, was also one of the most old of our fleet and through this transaction we continue to pursue our long-term goal of control a fleet of young and efficient product tankers."

To date, the DIS fleet includes 45.5 tankers double hull (MR, Handysize and LR1, of which 23.5 ships owned, 13 for hire and nine for bare-hulled rental. DIS has an additional ship under commercial management), with an average age of 6.9-year-old bare-hulled owned and rented vessels.

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