d’Amico International Shipping, a marine transportation company specializing in the product tanker market, has recently signed time charter agreements for five vessels through its subsidiary d’Amico Tankers D.A.C. These agreements include four Handysize vessels and an extension of a time-charter contract for one MR vessel. The company has secured these deals with reputable counterparties at highly profitable daily hire rates, although specific details regarding the contracts have not been disclosed.
Carlos di Mottola, the Chief Executive Officer of d’Amico International Shipping, expressed his satisfaction with the new time charter agreements, highlighting the positive market outlook for the industry. He emphasized the company’s commitment to gradually increasing its time-charter coverage to secure future earnings at profitable levels. These developments reflect the company’s strategic approach to navigating the competitive marine transportation sector and maximizing profitability.
The successful conclusion of these time charter deals underscores d’Amico International Shipping’s ability to secure advantageous agreements in a competitive market environment. By partnering with reputable counterparties and securing attractive daily hire rates, the company is positioning itself for continued success in the product tanker market. With a focus on profitability and strategic growth, d’Amico International Shipping remains dedicated to maximizing value for its stakeholders and maintaining a strong market position.
