Italy´s d’Amico International Shipping tanker owner has disposed its 47,162 dwt MR product tanker vessel Glenda Melanie for a consideration of $27.4m.

Its operating subsidiary d’Amico Tankers signed an agreement to divest the oldest vessel of its owned and bareboat chartered-in fleet.

The vessel which was built in 2010 by Hyundai Mipo in South Korea will be sold to an undisclosed buyer.

Italy’s shipping company d’Amico says the disposal is in line with its fleet modernisation strategy.

The tanker owner didn’t provide further details about the name of the buyer but revealed that the company will generate at the delivery of the vessel around $20.5m in cash, net of commissions and the reimbursement of the vessel’s existing bank loan.

Now DIS’ fleet comprises of 35 double-hulled product tankers (MR, Handysize and LR1, of which 26 owned, 6 chartered-in and 3 bareboat chartered-in) with an average age of about 8.5 years for its owned and bareboat chartered-in vessels.

Paolo d’Amico, chairman and chief executive of d’Amico International Shipping, said: “I’m pleased to announce the sale of the MT Glenda Melanie, a 2010-built MR vessel and the oldest ship in our fleet.

“This deal is fully in line with our Company’s long-term strategy of owning and operating a fleet of modern and ‘Eco’ product tanker vessels, reducing DIS’ environmental footprint while enhancing its commercial competitiveness and earnings potential.”

Source: d’Amico International Shipping