Italian product tanker operator d’Amico International Shipping S.A. sealed a shipbuilding contract through its operating subsidiary d’Amico Tankers D.A.C. (Ireland) with Jiangsu New Yangzi Shipbuilding Co., Ltd. (China) (YZJ) for the purchase of two 50,000-dwt new MR2 product tankers at a contract price of $45.4m each.
The Milan- and OTCQX- listed company said the delivery of the vessels to d’Amico Tankers is expected in March and June 2029, respectively.
In addition, d’Amico Tankers has an option, exercisable within two months of signing the shipbuilding contract, to order two additional ships of the same type.
Currently, DIS’ fleet comprises 29 double-hulled product tankers (MR, handysize and LR1, of which 27 owned, and 2 bareboat chartered-in) with an average age of about 9.6 years.
Carlos di Mottola, chief executive officer of d’Amico International Shipping, stated: “Following the order of two MR1 newbuildings at the end of December 2025, I am now pleased to announce an additional order for two ‘eco-design’ MR2 product tankers at a highly reputable shipyard, where we also currently have four LR1 newbuildings under construction.
“These new MR2s will be extremely efficient, consuming at their design draft and at the engine’s normal continuous rating, around 4.0 mts of fuel oil per day less (~17% lower consumption) than our already efficient ‘eco-design’ MR2s currently on the water. This reduction is driven by improvements in the hull forms and in the main engine’s efficiency. These YZJ-built MR2 vessels will also be methanol-ready, certified to burn biofuels up to B100, and cyber-resilient.
“This new investment of approximately US$ 90.8 million brings DIS’ total orderbook to 8 vessels (4 LR1s, 2 MR1s, 2MR2s), corresponding to an aggregate investment in newbuildings of approximately US$ 412.6 million.
“This investment plan, together with the gradual disposal of the oldest vessels in our fleet, is fully aligned with our strategy of operating a modern and fuel-efficient fleet, with the objective of reducing our environmental footprint while meeting the evolving and increasingly stringent requirements of charterers and regulators.”
