Luxembourg based d’Amico International Shipping S.A. (DIS), a company operating in the product tanker market, has announced that its Ireland based operating subsidiary d’Amico Tankers D.A.C. (d’Amico Tankers), has signed a shipbuilding contract with Jiangsu New Yangzi Shipbuilding Co., China, for the purchase of two additional new Long Range (LR1 – 75,000 DWT) product tanker vessels at a contract price of US$ 56.2 million each.

The company informs that the new very efficient vessels are expected to be delivered to us in July and December  2027, respectively.

“Following our announcement on 17th April regarding the order of two newbuilding LR1s, I am glad to announce today that we have reached an agreement with the same yard to construct two additional LR1 ‘Eco’ product tanker vessels of the same type. As previously stated, these ships are highly efficient and environmentally friendly, aligning with our long-term objective of maintaining a thoroughly modern and ‘Eco’ fleet. Moreover, from a commercial perspective, I see significant potential in this sector of the market. Therefore, I am pleased to reinforce DIS’ presence in the LR1 segment, bringing our total fleet to 10 modern vessels. It’s worth emphasizing that the LR1 sector stands to benefit from a low orderbook, combined with the ongoing secular shift of world refining capacity away from certain key consuming regions. This trend will further bolster ton-mile demand,” says Carlos Balestra di Mottola, Chief Executive Officer of d’Amico International Shipping.

Source: d’Amico International Shipping