d’Amico Buys Back Leased Product Tanker

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d’Amico International Shipping S.A., announces that its operating subsidiary d’Amico Tankers D.A.C. (Ireland) (“d’Amico Tankers”), exercised its purchase option on the MT High Priority, says a press release published on their website.

Vessel purchase

d’Amico International Shipping S.A., announced that its operating subsidiary d’Amico Tankers D.A.C. (Ireland) (“d’Amico Tankers”), exercised its purchase option on the MT High Priority (the “Vessel”), a 46,847 dwt MR product tanker vessel, built in 2005 by Nakai Zosen, Japan, for a consideration of US$ 9.7 million.

Sold & leased back

The Vessel was sold and leased back by d’Amico Tankers in 2017, for a 5-year period, with purchase options starting from the 2nd anniversary date and a purchase obligation at the end of the 5th year. 

DIS’ fleet 

As of today, DIS’ fleet comprises 39 double-hulled product tankers (MR, Handysize and LR1, of which 19 owned, 11 chartered-in and 9 bareboat chartered-in) with an average age of about 6.4 years for its owned and bareboat chartered-in vessels.

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Source: d’Amico