News Center Ship Sales & Purchase
Hot Keywords
d'Amico Tankers Sells Product Tanker Oldie
Views(209)
Source:World Maritime News

Ireland-based d'Amico Tankers, a subsidiary of Italian shipping company operating in the product tanker market d'Amico International Shipping S.A., has signed a memorandum of agreement for the sale of MT High Prosperity.

The 48,700 DWT medium-range product tanker, built in 2006 by Japan's Imabari Shipbuilding Co., is being sold for USD 14.2 million.

"The transaction will generate a positive net cash effect of around USD 6.9 million for d'Amico Tankers, contributing to the liquidity required to complete DIS'fleet renewal program," the company said in a release.

In addition, d'Amico Tankers will retain the commercial control of the vessel, having also concluded with the buyer a 6-year time-charter agreement.

"The sale of MT High Prosperity is in line with DIS' long-term strategy of maintaining a young owned fleet, through the replacement of some of our older vessels with the newbuildings we have ordered in the recent years.

At the same time, this transaction will generate a positive net cash effect of approximately US$ 6.9 million, strengthening our balance sheet and liquidity position, while permitting us to retain commercial control of the vessel at a competitive time-charter rate for the next 6 years, allowing us to benefit from the expected recovery in the product tanker market," Marco Fiori, Chief Executive Officer of d’Amico International Shipping, said.

As of today, DIS' fleet comprises 55.5 double-hulled product tankers (MR and Handysize) with an average age of about 7.7 years.

d'Amico Tankers has also shipbuilding contracts with Hyundai Mipo Dockyard Co. Ltd., for the construction of 6 LR1s product tankers with expected delivery between Q4 2017 and 2018.


< Back to News Center< Ship Sales & Purchase
Latest Ship News
Hottest Ships
Ship Type
Class
Built Year
Built Place
Accommodation barge
ABS
2009 Built
China
Bulk Carrier
CCS
2003 Built
China
Ro-Ro/Passenger ship
KR
2012 Built
Korea
Trail Suction Hopper Dredger
ZC
2006 Built
China
Ro-Pax/Ferry
KST
2016 Built
Korea
Home About Us Contact Us Help Center Advertising

Copyright © 2006-2017 沪公网安备 31011502004435号  Eshiptrading.com All Rights Reserved