Marine Link
Sunday, February 16, 2025

d’Amico Tankers Signs Charter Deals for Five Vessels

Maritime Activity Reports, Inc.

January 29, 2025

Illustration (Credit: d'Amico International Shipping)

Illustration (Credit: d'Amico International Shipping)

Marine transportation company operating in the product tanker market d’Amico International Shipping has, through its subsidiary d’Amico Tankers D.A.C. (Ireland), signed time charter agreements for five vessels.

The new time charter agreements are for four Handysize vessels and extended a time-charter contract on one MR vessel.

The agreements have been concluded with reputable counterparties at highly profitable daily hire rates.

The company did not disclose additional details regarding the contracts.

“I am pleased to announce the recent conclusion of new time charter deals with reputable counterparties. Moreover, the attractive rates we secured reaffirm the positive market outlook for our industry. DIS remains committed to its strategy of gradually increasing its time-charter coverage, to secure a portion of its future earnings at highly profitable levels,” said Carlos di Mottola, Chief Executive Officer of d’Amico International Shipping.

The orderbook for U.S. dredgers is about $3B, and according to DCA CEO Bill Doyle, the incoming political administration could help this niche maritime sector continue its bull run.
Read the Magazine

Beating the Human Eye at Person Overboard Detection

Addressing the M/V Dali Incident

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week