d’Amico exercises $31M tanker call option

d’Amico exercises M tanker call option

d’Amico International Shipping (DIS), a company active in maritime transport and listed on Euronext STAR Milan, has exercised the call option on MT Crimson Pearla 50,000 dwt medium-range product tanker, built in August 2017 at Minaminippon Shipbuilding Co., Ltd., Japan, for a consideration of approximately 31 million dollars and with estimated delivery between September and October 2024.

To date, the DIS fleet comprises 33 double-hulled product tankers (MR, Handysize and LR1, of which 25 owned, 5 chartered-in and 3 bareboat chartered-in vessels), with an average age of owned and bareboat chartered-in vessels of 8.8 years.

“Following the acquisition of MT Crimson Jade at the end of June, I am now pleased to announce the exercise of the option to purchase by DIS her sister vessel, MT Crimson Pearl, an Eco MR vessel built in 2017 by the same prestigious Japanese shipyard and long-term chartered by d’Amico Tankers since her delivery – commented theCEO Carlos di Mottola – Through this transaction, we will acquire a modern and excellent quality vessel, at an attractive purchase price of approximately 30% lower than its current market value“.

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