Luxembourg-based product tanker owner and operator d’Amico International Shipping (DIS) has exercised, through its operating subsidiary d’Amico Tankers, its purchase option for the 50,000 dwt medium-range product tanker Crimson Pearl for a consideration of approximately $31m.
The shipowner yesterday reported that it will exercise an additional purchase option at a “price which is substantially lower than its current market value.”
The modern eco MR ship, which was built in August 2017 by Minaminippon Shipbuilding in Japan, is expected for delivery between September and October.
As of today, DIS’ fleet comprises 33 double-hulled product tankers (MR, handysize and LR1, of which 25 owned, 5 chartered-in and 3 bareboat chartered-in) with an average age of about 8.8 years for its owned and bareboat chartered-in vessels.
Carlos di Mottola, chief executive officer of d’Amico International Shipping, said: “Following the acquisition of MT Crimson Jade at the end of June, I am now glad to announce the exercise of DIS’ purchase option on its sister ship, the MT Crimson Pearl, an Eco MR vessel built in 2017 by the same top-quality Japanese yard and time-chartered-in by d’Amico Tankers ever since.
“Through this transaction, we acquire a young and high-quality vessel at an attractive purchase price, around 30% lower than its current market value.”
