d’Amico scores long-term tanker fixtures

Italian product tanker owner and operator d’Amico International Shipping (DIS) has revealed new long-term employment at “very profitable” rates for multiple vessels.

The Milan-listed company’s Irish-based d’Amico Tankers has fixed two MR2 tankers and one LR1 for one year each through new deals “with reputable counterparties”.

Additionally, one MR2 has been contracted for six months, while another has been extended for the same period, also at profitable hire rates, the company said.

“The highly attractive rates secured under these agreements reflect the current positive market outlook,” noted Carlos di Mottola, CEO of DIS.

Following the latest fixtures, the company with more than 30 product carriers has 52% of its available vessel days fixed at a time charter equivalent rate (TCE) of $23,760 per day for 2025, 21% fixed at TCE rate of about $24,730 per day for 2026 and 6% fixed at 23,550 per day in 2027.

“These contracts are fully aligned with our well-established strategy of progressively increasing coverage, thereby strengthening earnings visibility and reducing exposure to market volatility,” di Mottola added.