d'Amico Tankers sells MR for $14.3m

d'Amico International Shipping (DIS) has sold and 11-year old MR product tanker for $14.3m and chartered the vessel back for six years.

DIS subsidiary d'Amico Tankers has signed a Memorandum of Agreement to sell the 2006-built, 48,700 dwt High Prosperity to an undisclosed buyer. d'Amico Tankers will time charter the vessel from the buyer for six years at what it described as a “competitive rate”.

DIS said the deal would have a $6.9m net cash positive effect for its tanker arm

The sale of High Prosperity is in line with DIS’ long term strategy of maintaining a young owned fleet, through the replacement of some of our older vessels with the newbuildings we have ordered in the recent years,” said Marco Fiori, ceo of DIS.

Posted 10 October 2017

© Copyright 2019 Seatrade (UBM (UK) Ltd). Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade.

Marcus Hand

Editor, Seatrade Maritime News

Read more stories like this...

Sign up to the Seatrade Maritime Newsletter and get stories like this delivered to your inbox.

Subscribe Now >