Italian product tanker operator d’Amico International Shipping S.A. has announced a new two-year time charter contract at a “highly profitable rate.”
The Milan- and OTCQX- listed company said its operating subsidiary d’Amico Tankers d.a.c. (Ireland) 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 the conclusion of this deal, DIS reported that 53% of its available vessel days for the second half of 2026 are fixed at a TCE rate of approximately $23,700/day.
It also stated that 27% of its available vessel days for FY 2027 are fixed at a TCE rate of approximately $23,751/day, while 2% of its available vessel days for FY 2028 are fixed at a TCE rate of approximately $25,639/day.
Carlos di Mottola, chief executive officer of d’Amico International Shipping, said: “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.”
