The Milan-listed d’Amico International Shipping (DIS), a family business operator in the product tanker market, has revealed that its operating subsidiary d’Amico Tankers D.A.C. (Ireland) signed two memorandums of agreements for the sale of the Glenda Melody and the Glenda Melissa.
The two 47,200 dwt MR product tanker vessels, built in 2011 by Hyundai Mipo in South Korea, will be sold for a total consideration of $36.3m, with delivery to their buyers before the end of July and 21 December 2025, respectively, the shipowner said.
These transactions allow d’Amico Tankers to sell two of the oldest vessels in its fleet.
In addition, the company said it will generate approximately $31m in cash upon the delivery of these two vessels, net of commissions, and the reimbursement of their residual bank debt outstanding.
Currently, DIS’ fleet comprises 32 double-hulled product tankers (MR, handysize and LR1, of which 29 owned, and 3 bareboat chartered-in) with an average age of about 9.5 years.
Carlos di Mottola, chief executive officer of d’Amico International Shipping, said: “I’m pleased to announce the sale of these vessels, two of the oldest ships in our fleet, both built in 2011. These transactions are in line with our long-term strategy of operating a modern and eco-friendly fleet, reducing our environmental footprint, and enhancing our earnings potential.
“The benefits of controlling an increasingly efficient fleet will be even more pronounced in the coming years, as we are confronted with a more stringent regulatory environment which will penalise the most polluting ships.”
