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D’Amico Group Launches Largest Newbuild

11th February 2015
D’Amico Group Launches Largest Newbuild

#dAmicoLargestShip – The d'Amico Group, the Italian international shipowner with offices in Dublin, has announced the delivery of the 'Handy-Cape' type vessel, Cielo d'Italia, the largest and most innovative ship in the history of the group.

At the Sanoyas Shipbuilding Corporation's shipyard in Mizushima, Japan, the d'Amico Group an international shipping operator for more than 60 years received the newbuild last week.

The value of the order for Cielo d'Italia and its handy cape sister which will be delivered in the first quarter of 2016 is approximately region 100 M$ (benefitting from the prevailing favourable weakening of the yen against the dollar) and is part of the most significant development plan in the history of d'Amico Group.

Cielo d'Italia will be employed by d'Amico Dry on a short period time charter until the delivery of its sister ship, expected in the first quarter of 2016. For the 2014-2016 period, the Group has invested approximately $1.2 billion by ordering 38 new ships, both bulkers and tanker vessels.

The new 117,000dwt ship, 245m long and 43m wide, is the result of multi-year collaboration between two prominent companies on the international shipping scene, who working very closely designed an extremely innovative ship characterized by extremely effective design particulars, respect for the environment and energy efficiency, capable of reducing consumption and emissions by 20%, compared to other ships operating in the same segment.

Since d'Amico established its operating companies in Ireland in 2002, the Group has expanded its activities in the Dublin office. 

As previously reported on Afloat.ie, Minister for Transport Paschal Donohue welcomed d'Amico's continued commitment to investment in Ireland and interest in the development of the Irish maritime sector.

Currently its Tankers division is ranked in the 10 biggest Product Tanker controlling and managing companies in the world and this has firmly positioned its Dublin office as a significant international shipping operation.

Published in Ports & Shipping
Jehan Ashmore

About The Author

Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals. 

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