d’Amico International announces the sale of one of the vessels
d’Amico International Shipping S.A. (Borsa Italiana: DIS), an international marine transportation company operating in the product tanker market, announces that GLENDA International Shipping d.a.c.(GIS), a joint venture company with the Glencore Group, in which d’Amico Tankers d.a.c. (Ireland) (“d’Amico Tankers”) holds a 50% participation, signed a memorandum of agreement for the sale of MT GLENDA Megan, a 47,147 dwt MR product tanker vessel, built in 2009 by Hyundai Mipo, South Korea, for a consideration of USS 19.0 million.
This transaction allows GLENDA International Shipping to generate around USS 8.1 million in cash, net of commissions and the reimbursement of the Vessel’s existing loan.
As of today, DIS’ fleet comprises 49.5 double-hulled product tankers (MR, Handysize and LR1, of which 23 owned, 17.5 chartered-in and 9 bareboat chartered-in. DIS has also 1 vessel in commercial management) with an average age of about 6.4 years for its owned and bareboat chartered-in vessels.
Currently, d’Amico Tankers has also a shipbuilding contract with Hyundai Mipo Dockyard Co. Ltd., for the construction of an LR1 (Long Range) product tanker expected to be delivered in Q3 2019.