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d’Amico Order Product Tankers As Part of $755m Fleet Deal

24th September 2015

#TankersOrder – d’Amico International Shipping S.A. (Borsa Italiana: DIS), an international marine transportation company based in Dublin operating in the product tanker market, has announced through operating subsidiary d’Amico Tankers Ltd Ireland for newbuild orders and sale of vessels.

The agreement is for the construction and sale of two new long-range (LR1 – 75,000 dwt) modern product tanker vessels (the “vessels”) with Hyundai Mipo Dockyard Co. Ltd., Korea similar to that one already purchased as disclosed on April 27th and on June 09th, 2015.

These vessels will be built by Hyundai Vinashin Shipyard Co. Ltd, Vietnam and are expected to be delivered in Q2 2018 and Q3 2018 respectively, for a total consideration of about US$ 44.0 million each.

The above two double‐hull newbuildings are the latest ECO design vessels with the highest fuel efficiency. The vessels will have an attained Energy Design Index (EEDI) falling already well within the IMO phase-in 2 requirements due for newbuilds to be completed before December 31st 2024, being of 25% lower than the current IMO reference line.

DIS controlled fleet includes 48.8 double-hull product tankers (MR and Handysize) with an average age of about 7.8 years (of which 23.3 owned vessels and 25.5 chartered-in vessels).

At the same time, DIS, through d’Amico Tankers Limited – Ireland (with offices domiciled in Dublin) has currently a total of 14 new ‘Eco design’ product tanker shipbuilding contracts.

This fleet includes 6 LR1, 4 MR and 4 Handysize vessels, all under construction at Hyundai Vinashin Shipyard Co. Ltd and expected to be delivered between Q4 2015 and Q3 2018.

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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