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 September 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NYK Opens New Planning Center in Kumamoto

On September 1, 2014, NYK and Kozo Keikaku Engineering Inc. established a stowage planning center for container shipping at the Kumamoto office of Kozo Keikaku Engineering Inc.

TNO Receives 'International Media Award for Prevention'

The Engagementgame developed by TNO in collaboration with partners is the winner of the 'International Media Award for Prevention' in the category Multi Media.

More German Shipowners Look to Gibdock for Repairs

Gibdock remarks it has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent

Shipbuilding

RIMPAC Exercise Puts LCS Through Paces

It was the middle of May, and the littoral combat ship Independence was operating out of San Diego, testing components of the mine warfare mission package. The mission is one that,

New Superyacht ROCKIT.IT Launched by Feadship

Feadship says it has launched the outstanding 60.35-metre motoryacht ROCK.IT. Created for an experienced owner who has chartered Feadships and appreciated the essence of the brand,

FTA Approves WSF Ferry Terminal Plans

In the latest Washington State Ferries Weekly Update, Capt. George A. Capacci, Interim Assistant Secretary WSDOT/Ferries Division briefs as follows: "FTA approves

Tanker Trends

More German Shipowners Look to Gibdock for Repairs

Gibdock remarks it has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent

Tankship Owners TORM Get Credit Facility Extension

Denmark-based TORM say that all lenders have supported the agreement to extend the existing Super Senior Working Capital Facility by six months until 31 March 2015

Iraqi Kurdistan Oil Shipments Reach 8.8m Barrels

Iraqi Kurdistan has shipped 8.8 million barrels of oil from the Turkish port of Ceyhan since May, Turkish Energy Minister Taner Yildiz said, as the autonomous region

News

Fortum Buys Stake in Wave Power Startup

Finland's top utility, state-controlled Fortum, on Monday said it has acquired a 14 percent stake in Finnish wave energy developer Wello. Wello has developed

Gazprom Neft Starts Oil Production, Shipments from Iraqi Badra Field

Russia's Gazprom Neft said on Monday it started commercial production and shipments of oil produced at its Iraqi Badra oil field. Gazprom Neft, the oil arm of state gas company Gazprom ,

Statoil Says Normal Operations at In Amenas Gas Plant Resuming

Normal operations are resuming at the In Amenas gas plant in Algeria 18 months after a raid by Islamist militants killed forty employees, one of the plant's operators, Statoil, said on Monday.

Vessels

MARAD Shipbuilding Loan Guarantee

The launch of the Bravante IX, built in a U.S. shipyard, was from the investments made by the Maritime Administration (MARAD) just three years ago. The investment

DoD Award Dredging, Ship Maintenance, Charter Contracts

US Department of Defense informs of placement of contracts for Chesapeake Bay dredging, dry-docking of USS Pearl Harbor, and charter of surface escort vessels. Details as follows: 1.

Voith Schneider Propellers Drive Double-ended Ferry MS Frisia IV

Ferries operated by Norden-Frisia AG have been serving the East Frisian island of Norderney for many decades. Navigation in these coastal waters poses special

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Port Authority Ship Repair Ship Simulators Sonar
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: 0.1993 sec (5 req/sec)