d’Amico International Shipping S.A., an international marine transportation company operating in the product tanker market, announces that its operating subsidiary, d’Amico Tankers D.A.C. (Ireland) (“d’Amico Tankers”), has recently signed new time charter agreements for four of its Handysize vessels and extended a time-charter contract on one of its MR vessels. These agreements have been concluded with reputable counterparties at highly profitable daily hire rates.

Following the conclusion of these time-charter agreements, DIS has the following estimated forward contract coverage:

• FY 2025: 35% of DIS’ available vessel days fixed at a TCE rate of approximately US$ 24,914/day
• FY 2026: 18% of DIS’ available vessel days fixed at a TCE rate of approximately US$ 25,013/day

Carlos di Mottola, Chief Executive Officer of d’Amico International Shipping, stated:
“I am pleased to announce the recent conclusion of new time charter deals with reputable counterparties. Moreover, the attractive rates we secured reaffirm the positive market outlook for our industry. DIS remains committed to its strategy of gradually increasing its time-charter coverage, to secure a portion of its future earnings at highly profitable levels.”
Source: d’Amico International Shipping