Italian product tanker operator d’Amico International Shipping S.A. sealed a memorandum of agreement through its operating subsidiary d’Amico Tankers for the sale of the 47,200-dwt MR product tanker Glenda Meryl, built in 2011 by Hyundai Mipo in South Korea, for a total consideration of $19.5m.
Delivery to the buyers is due before the end of December 2025.
The transaction is expected to generate around $14.5m in cash upon her delivery to the buyers, net of commissions, and the reimbursement of her residual bank debt outstanding.
Currently, the fleet of the Milan- and OTCQX- listed company comprises of 31 double-hulled product tankers (MR, handysize and LR1, of which 29 owned, and 2 bareboat chartered-in), with an average age of approximately 9.7 years.
Carlos di Mottola, chief executive officer of d’Amico International Shipping, stated: “I am pleased to announce that we have reached an agreement for the sale of MT Glenda Meryl, the oldest vessel in our fleet, built in 2011; through this transaction, as well as the sale of her two sister ships earlier this year, the proportion of DIS’ fleet which is eco-design will reach 93% by year-end.
“It represents another important milestone in the execution of our strategy to operate a modern, fuel-efficient fleet, supporting both our sustainability objectives and our profitability.”
