D’Amico Shipping Sells 10 Percent Stake After Very Successful Year

After a very successful year which has seen product tanker owner, d’Amico International Shipping S.A. (Borsa Italiana: DIS), shares rise over 59 percent, the company announced today it has sold off 42,195,531 shares, or 10 percent of the company, via a private placement to institutional investors at a rate of 0.695 euro per share. d'Amico now holds 62.5 percent of the … [Read more...]

D’Amico Shipping On $290 Million Bulker Buying Spree

By Silvia Antonioli and Agnieszka Flak LONDON/MILAN, Aug 27 (Reuters) - Shipping company d'Amico Societa' di Navigazione has placed orders for dry cargo ships totaling $290 million, a senior official said, as it sees ship building prices near a bottom and expects a recovery in freight demand. One of the world's leading privately owned marine transport companies, it … [Read more...]

d’Amico Exercises Option for Pair of Eco-Product Tankers from HMD

d’Amico International Shipping S.A. (Borsa Italiana: DIS), announced today that it has exercised its option to purchase two additional 50,000 DWT "Eco"-product/chemical tankers from Hyundai Mipo Dockyard in South Korea. The total purchase price for these tankers is less than USD $30 million according to a statement to investors today by d'Amico. The vessels are … [Read more...]

d’Amico Shipping Orders Two More MR Eco-Tankers from Hyundai Mipo

d’Amico International Shipping S.A. announced yesterday the signing of new build contracts with Hyundai Mipo Dockyard for a pair of 50,000 DWT Medium Range product/chemical tankers.  The contracts were signed at a rate of USD $29.0 million each and include an option for two more vessels to be exercised by April 2013. Deliveries are planned for mid-2014. Marco Fiori, … [Read more...]

d’Amico International Exercises $64 Million Option for Two More Product Tankers

d’Amico International Shipping S.A. (Borsa Italiana: DIS), an international product tanker owner, announced today their plans to exercise an option to build two additional new product/chemical tanker vessels (50,000 dwt Medium Range) with Korea's Hyundai Mipo Dockyard Co. Ltd  (HMD). Marco Fiori, Chief Executive Officer of d’Amico International Shipping S.A. … [Read more...]