Italian product tanker owner d’Amico International Shipping has fixed one of its MR2 tankers to an oil major for two years.
The Milan-listed company said its Irish operating arm, d’Amico Tankers, had signed the new time charter at what it described as a highly profitable daily rate.
The vessel was not named and the rate was not disclosed.Following the fixture, DIS has 53% of its available vessel days covered for the second half of 2026 at an average TCE rate of about $23,700 per day.
The company has also fixed 27% of its 2027 available days at about $23,751 per day and 2% of 2028 at about $25,639 per day.
Carlos di Mottola, chief executive officer of d’Amico International Shipping, said the deal fits the company’s strategy of selectively taking period business while keeping exposure to the spot market.
The latest charter adds to a series of longer-term fixtures by DIS over the past year as the company works to balance earnings visibility with market upside.
In February, d’Amico extended and fixed several vessels at what it called very profitable rates, including MR1, MR2 and LR1 tonnage.
The company has also been renewing its fleet. Splash reported in March that DIS had exercised options for two additional 50,000 dwt MR2 newbuildings at Jiangsu New Yangzi Shipbuilding, taking its orderbook to 10 ships.
The vessels are priced at $45.4m each and due in August and October 2029, following an initial pair at the same yard due earlier that year.
The newbuilding drive has been paired with sales of older tonnage. DIS confirmed last month the sale of the 2012-built MR tanker High Tide for $28.5m, describing it as the oldest and last remaining non-eco vessel in its fleet.
That deal followed the sale of sister vessel High Seas earlier this year for $27.6m.
DIS controlled 29 product tankers at the end of the first quarter, made up of 27 owned vessels and two bareboat-chartered-in ships with purchase obligations.