#TANKER NEWBUILDS – The Dublin based d'Amico Tankers Limited (Ireland), has entered into contracts for the construction of two additional new product/chemical tanker vessels.

Each of the 40,000 dwt handysize newbuilds, believed to cost US$ 30.65 million, are to be built by the Hyundai Mipo Dockyard Co. Ltd in South Korea. Delivery dates are expected early in 2014 and an option for two further vessels, under same terms and conditions, to be exercised by the end of this year.

The design of the newbuildings is double-hulled, flexible and IMO classed vessels, which belong to a new generation of vessels. Under a new concept the 'Shallowmax' vessels will have a lower fuel consumption/high efficiency and cubic/shallow-draft combination.

According to DIS, d'Amico Tankers Limited, have signed 'time-charter' agreements with one of the main oil majors for the newbuild pair for a period of five years. d'Amico Tankers Ltd control a fleet of 40 double-hull medium range (MR) and handysize product tankers. Following the latest newbuilds the fleet will increase to 24 owned vessels and 18 chartered vessels.