DIS Orders Two Newbuild Eco-Tankers

MarineLink.com
Thursday, April 03, 2014

A $73.2 million investment strengthens DIS’ fleet newbuilding strategy

d’Amico International Shipping (DIS), an international marine transportation company operating in the product tanker market, announces that its operating subsidiary d’Amico Tankers Limited (Ireland) entered in a contract for the construction of two additional new “Eco” tanker vessels (50.000 dwt Handysize) for a consideration of $36.6 million each.

These “ECO Design” tankers, a cutting-edge technology in the shipping sector, will allow to generate fuel savings of 6/7 tons per day compared to the older design ones therefore reducing emissions. They will allow the transport of 8/9 different products allowing an increased operating flexibility for DIS customers.

These new vessels will be constructed by Hyundai Mipo Dockyard Co. Ltd. (Korea), through its affiliate in Vietnam, with the advisory of the d'Amico Group marine engineers and are expected to be delivered at the end of 2016.

d’Amico Tankers Limited Fleet includes 40.5 double-hulled tankers (MR and Handysize product tankers) with an average age of about 5.6 years (of which 21 owned vessels and 19.5 chartered-in vessels), including 4 ‘Eco design’ newbuilding vessels delivered in January and February 2014. d’Amico Tankers Limited has currently a total of 9 new ‘Eco design’ product tanker shipbuilding contracts, which include 5 MR and 4 Handysize vessels, with Hyundai Mipo Dockyard Co. Ltd. In addition to this, DIS has one further vessel under construction at Hyundai Mipo Dockyard Co. Ltd., in JV with Venice and Shipping Logistics S.p.A

Marco Fiori, CEO of d’Amico International Shipping, stated, “DIS’ newbuilding strategy is going to be a key point also in 2014. By adding new vessels able to carry different products simultaneously and safely, and by holding the costs down and ensuring a reduced environmental impact, DIS is constantly showing its strong ability to be not only more competitive at an international level, but also to perfectly understand the needs of a changing market.”
 

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Rosneft and NADL Sign Exchange of Assets Deal

Rosneft, Seadrill Limited and North Atlantic Drilling Limited (NADL) signed a Framework Agreement that envisages long-term cooperation in the sphere of oilfield development projects.

Norman Murray, Petrofac Chairman Quits

Petrofac, the international oil & gas facilities service provider, today announces that Norman Murray, who has been Chairman since May 2011, has resigned from

MN 100: AEP River Operations

16150 Main Circle Drive, Suite #400 St. Louis, MO 63017 Tel: (636) 530-2100  Email: info@aepriverops.com Website: www.aepriverops.com President: Keith Darling The

Shipbuilding

Scottish Sea Farms Orders Newbuilds

Macduff Shipyards Ltd. has received a contract worth more than £3.3 million pounds from Scottish Sea Farms for the design and build of four 19.8-meter 150T steel

LNG Transport Barge Design Approved by ABS

Conrad Shipyard, L.L.C. engaged Bristol Harbor Group, Inc. (BHGI) to develop a 3,000 cubic meter Liquefied Natural Gas (LNG) transport barge utilizing a Bristol

Airbus May Sell Stake in Submarine Supplier

Airbus is considering a sale of its 49 percent stake in submarine supplier Atlas Elektronik as part of a reshuffle of its military business, German newspaper Die

Tanker Trends

W.Africa Crude Slow to Trade; Nigerian Glut Fading

Angolan cargoes for October loading are so far finding buyers slowly, traders said on Friday, while there were further signs that an overhang of September-loading Nigerian cargoes is being absorbed.

WTO Rules Against Argentina Licensing Rules in Row with US, EU, Japan

A World Trade Organization (WTO) dispute panel ruled against Argentina on Friday in a 2012 case brought by the United States, European Union, and Japan against

Odfjell 2Q Results In Line with Expectations

Chemical Tankers had an EBITDA of $24 million, compared with $17 million in the first quarter. Improved utilization with only minor interruptions of trade. Time-charter results were up by 10%.

News

Japanese Technology Helps Farmers to Changes in Climate

The Japanese technology firms are using their experience in saving energy and in cloud technology to help farmers cope with changes in climate, cheaper imports and declining labor.

Sinopec's Profit up at 32.5 billion yuan in 1H, 2014

Asia's largest refiner - China Petroleum & Chemical Corporation announced Friday night, according to international accounting standards, the first half net profit of 32.

Kuwait to Boost Oil Exports to China

Kuwait plans to increase the volume of crude oil exports to China to 500,000 barrels a day (bpd) in three years, an executive at the state-run Kuwait Petroleum Corporation (KPC) said Saturday.

Vessels

Polynesian Shipping Sold to Neptune Pacific Line

The Board of Polynesian Shipping Line Limited, Apia informed   that the business and the Company’s associated investments have been sold to Neptune Pacific Line Limited.

EBDG Completes Repower of COLUMBIA

Elliott Bay Design Group (EBDG), a leading naval architecture and marine engineering firm with offices in Seattle, New Orleans and Ketchikan, Alaska today announced

Scottish Sea Farms Orders Newbuilds

Macduff Shipyards Ltd. has received a contract worth more than £3.3 million pounds from Scottish Sea Farms for the design and build of four 19.8-meter 150T steel

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1492 sec (7 req/sec)