DIS Orders Two Newbuild Eco-Tankers

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.”