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D'Amico Improves Its Results Relative To The Previous Quarter And Maintains A Solid Financial Structure Despite A Challenging Market


Home / Shipping News / International Shipping News / D’Amico Improves Its Results Relative To The Previous Quarter And Maintains A Solid Financial Structure Despite A Challenging Market
D’Amico Improves Its Results Relative To The Previous Quarter And Maintains A Solid Financial Structure Despite A Challenging Market
The Board of Directors of d’Amico International Shipping S.A., a leading international marine transportation company operating in the product tanker market, today examined and approved the Company’s half-year and second quarter 2021 consolidated financial results.
MANAGEMENT COMMENTARY
Paolo d’Amico, Chairman and Chief Executive Officer of d’Amico International Shipping commented:
‘In the first six months of 2021 we confronted a challenging product tanker market and this explains DIS’ Net loss of US$ (15.2) million in the period and the variance relative to the first half of last year (profit of US$ 17.1 million). However, we were a ....

New Zealand , Energy Efficiency Existing Ship , Damico International , Damico International Shipping , Chief Executive Officer , Emissions Trading , Carlos Balestra , Chief Financial Officer , Amico Tankers , புதியது ஜீலாந்து , அமிகோ சர்வதேச , அமிகோ சர்வதேச கப்பல் போக்குவரத்து , தலைமை நிர்வாகி அதிகாரி , உமிழ்வு வர்த்தக , தலைமை நிதி அதிகாரி , அமிகோ டேங்கர்கள் ,

45 Leading Shipping Companies to Present at Capital Link's 15th Annual International Shipping ...


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
45 Leading Shipping Companies to Present at Capital Link’s 15th Annual International Shipping .
Capital LinkFebruary 11, 2021 GMT
SAILING INTO RECOVERY
NEW YORK, Feb. 11, 2021 (GLOBE NEWSWIRE)
Capital Link will be hosting its 15th Annual International Shipping Forum as a Digital Conference on Tuesday, March 2 and Wednesday, March 3, 2021, from 8:00am – 4:00pm EST. The event is organized in partnership with Citi and in cooperation with Nasdaq and NYSE.
Registration is complimentary.
Over the course of 2 days, the Forum will feature 82 senior executives from leading maritime companies, financiers and industry participants and will examine the macroeconomic issues that are shaping and transforming the international shipping markets today, offering a comprehensive review and outlook of the various shipping markets, made more relevant by the release of compa ....

New York , United States , New York Stock Exchange , City Of , United Kingdom , Peter Georgiopoulos , Seward Kissel , Reed Smith , Nicolas Bornozis , Epic Gas Ltd , Scorpio Tankers , Oil Tanker , Eneti Inc , Ship International Management , American Pi Club , Star Bulk Carriers , International Seaways , Performance Shipping Inc , Danaos Corporation , Tsakos Energy Navigation , Golden Ocean Group , Seaspan Corporation , Ardmore Shipping Corporation , Scorpio Tankers Inc , United Overseas Group , Bank Finance ,

d'Amico buys leased MR tanker - Offshore Energy


Posted: over 3 years ago
“I am pleased to announce the exercise of our purchase option on one of d’Amico Tankers’ leased vessels, a transaction fully in line with our strategy of deleveraging DIS’ balance sheet and reducing its financial
break-even. In fact, the existing lease will be substituted with a bank-loan financing at a much lower leverage and at a substantially lower cost of debt,”
Paolo d’Amico, Chairman and Chief Executive Officer of d’Amico International Shipping, commented.
“We were able to take advantage of this opportunity thanks to the sound financial and liquidity position we have reached today, as the result of the strong freight markets of the first half of 2020, in addition to the proceeds derived from the sale of most of our oldest ships over the last few years.” ....

Nakai Zosen , Damico International Shipping , Damico International , Amico Tankers , Amico Tanker , Chief Executive Officer , அமிகோ சர்வதேச கப்பல் போக்குவரத்து , அமிகோ சர்வதேச , அமிகோ டேங்கர்கள் , அமிகோ டேங்கர் , தலைமை நிர்வாகி அதிகாரி ,

D'Amico Options To Buy Back Leased MR Tanker


d’Amico Options to Buy Back Leased MR Tanker
Maritime Activity Reports, Inc.
© Dallas Mayson / MarineTraffic.com
Tanker shipping company d’Amico International Shipping S.A. (DIS) said it has exercised its purchase option on the High Priority, a 46,847 dwt MR product tanker vessel it sold and leased back in 2017, for a consideration of $9.7 million
The vessel, built in 2005 by Japanese shipyard Nakai Zosen, sold and leased back by DIS operating subsidiary d’Amico Tankers D.A.C. (Ireland) (d’Amico Tankers) in 2017, for a five-year period, with purchase options starting from the second anniversary date and a purchase obligation at the end of the fifth year. ....

Nakai Zosen , Damico International Shipping , High Priority , Amico Tankers , அமிகோ சர்வதேச கப்பல் போக்குவரத்து , உயர் ப்ரையாரிடீ , அமிகோ டேங்கர்கள் ,