d’Amico International Shipping S.A., a leading international marine transportation company operating in the product tanker market, announces that its operating subsidiary, d’Amico Tankers D.A.C., has recently signed two new time charter agreements with a reputable counterparty. These agreements cover one Eco-MR1 and one Eco-MR2 vessel, and both are at highly profitable daily hire rates. The Eco-MR1 vessel is chartered for a minimum of 23 months, up to a maximum of 25 months, while the Eco-MR2 vessel is fixed for a minimum of 23 months and up to 26 months.
Following the conclusion of these time-charter agreements, DIS has the following estimated forward contract coverage:
– Q4 2025: 57% of DIS’ available vessel days fixed at a TCE rate of approximately US$ 23,384/day
– FY 2026: 42% of DIS’ available vessel days fixed at a TCE rate of approximately US$ 23,256/day
– FY 2027: 16% of DIS’ available vessel days fixed at a TCE rate of approximately US$ 22,214/day
Carlos di Mottola, Chief Executive Officer of d’Amico International Shipping, stated:
“I am pleased to announce the conclusion of these two time-charter agreements, both for periods of approximately 2 years, with a reputable counterparty at very profitable rates, reflecting our industry’s strong fundamentals. Coverage through these new contracts is aligned with our current commercial strategy, which seeks to manage market risk, through a balanced mix of spot exposure and time-charter contracts.”