D’Amico Group Sells Tanker for $14.2 mn

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On October 10, the Marine transport company D’Amico D’Amico Tankers Dac, an Irish subsidy of D’Amico International Shipping after it signed an agreement for the sale of its medium-range oil products tanker vessel, MT High Prosperity, for 14.245 million dollars, the D’Amico Group.

Built in Japan:

The concerned ship has a deadweight of 48,700 tonnes and was built in 2006 by Imabari Shipbuilding in Japan. The sale will allow D’Amico Tankers to generate a net cash effect of about 6.9 million dollars.

Emergence of competitive rates:

D’Amico International Shipping CEO Marco Fiori said, “Through this agreement, we will retain commercial control of the vessel at a competitive time-charter rate for the next six years, allowing us to benefit from the expected recovery in the product tanker market”.

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Source: ANSA