d’Amico International Shipping S.A. (Borsa Italiana: DIS) (DIS), an international marine transportation company operating in the product tanker market, announces that its operating subsidiary d’Amico Tankers D.A.C. (Ireland) (d’Amico Tankers), exercised its purchase option on the existing bareboat charter-in contract for the MT High Voyager, a 45,999 dwt medium-range product tanker vessel built in November 2014 by Hyundai Mipo, South Korea, for a consideration of US$ 20.8 million. d’Amico Tankers expects to acquire ownership of the Vessel effective January 25, 2023.
As of today, DIS’ fleet comprises 36 double-hulled product tankers (MR, Handysize and LR1, of which 19 owned, 9 chartered-in and 8 bareboat chartered-in) with an average age of about 7.6 years for its owned and bareboat chartered-in vessels.
Paolo d’Amico, Chairman and Chief Executive Officer of d’Amico International Shipping, stated: “I’m pleased to announce the exercise of our purchase option on MT High Voyager, a modern Eco-MR vessel built by a top-quality Korean yard in 2014, that we sold and leased back in 2019 to a reputable Japanese counterparty. Through this deal, DIS continues to implement its deleveraging plan and to lower its breakeven, as we intend to keep this vessel debt-free, at least for the time being.”
From today this press release is available on the investor relations section of DIS’ website, filed with the CSSF, disclosed through the e-market SDIR circuit and stored at Borsa Italiana S.p.A. through the emarketSTORAGE system and at Société de la Bourse de Luxembourg S.A. in its quality of OAM.