#dAmico(Ireland) - d’Amico International Shipping S.A. operating in the product tanker market, announced that its operating subsidiary d’Amico Tankers Limited (Ireland) sold the m/t Cielo di Salerno last month.

The 36,032dwt handysize product tanker built in 2002 by STX South Korea, was sold to SW Cap Ferrat Shipping LLC (Marshal Islands) for a consideration of US$ 13,000,000.

d’Amico Tankers will maintain the commercial employment of the products tanker, having also concluded with the Cap Ferrat Shipping, a three year time charter agreement at attractive rate. This according to d’Amico will allow to keep the optimal level of their fleet.

Also owned by d’Amico Tankers Limited fleet are 50.8 double-hulled tankers (MR and Handysize product tankers) with an average age of about 7.8 years (of which 25.3 owned vessels and 25.5 are chartered-in vessels).

d’Amico Tankers Limited has also a total of 12 newbuilding product tanker shipbuilding contracts, which include 3 MR, 3 Handysize and 6 LR1 vessels, with South Korean shipyard, Hyundai Mipo Dockyard Co. Ltd.

#EcoTankerNewbuilds - d'Amico International Shipping S.A., an international marine transportation company which has a subsidiary based in Ireland since 2001, has announced the launch of two additional MR "ECO" vessels built at Hyundai Vinashin Shipyard Co Ltd. in Vietnam.

The newbuild pair will join the DIS product tanker market, as the first vessel, MT High Sun (Hull n. S408, 50,000 dwt) was launched and delivered in March last year to Eco Tankers Ltd. (Malta), a joint venture with Venice Shipping and Logistics S.p.A., in which DIS has 33% interest.

The second vessel, MT High Fidelity (Hull n. S409, 50,000 dwt) was too ordered last year and was expected to be delivered to d'Amico Tankers Limited (Ireland) in the third quarter of 2014.

Both vessels are already fixed in time charter to a leading Oil Refining Company for a period of respectively three and two years at very profitable levels.

The above two newbuilding vessels are the latest IMO II MR design with the highest fuel efficiency. The design is the utmost HMD concept of hull shape and propulsion efficiency leading to a fuel saving of 6-7 T/day compare to the average consumption of world existing MR fleet.

The vessels will have an attained Energy Design Index (EEDI) falling already well within the IMO phase-in 3 requirement due for vessels to be built after Jan 1st , 2025, being of 31.5% lower than the current IMO reference line.

d'Amico Tankers Limited fleet includes 38.8 double-hull product tankers (MR and Handysize) with an average age of about 5.8 years (of which 20.3 owned vessels and 18.5 chartered-in vessels), including 4.3 'Eco design' newbuilding vessels delivered in the first half of 2014.

They currently have a total of 11 new 'Eco design' product tanker shipbuilding contracts, which include 7 MR and 4 Handysize vessels, at Hyundai Mipo Dockyard Co. Ltd.

#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.