D’Amico and Mitsubishi sell ten-year old MR tanker


d’Amico International Shipping and its joint venture partner Mitsubishi Group have signed a memorandum of agreement for the sale of the 46,547 dwt tanker High Efficiency.

The deal would see the parties’ JV company DM Shipping d.a.c.(DMS) dispose of the 2009-built tanker for a consideration of USD 16.1 million.

The transaction would allow DM Shipping to generate around USD 13.2 million in cash, net of commissions and reimbursement of the vessel’s existing loan.




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