d’Amico International Shipping S.A. Delivered Strong Results In The Third Quarter And The First Nine Months Of 2026
The Board of Directors of d’Amico International Shipping S.A., a leading international marine transportation company operating in the product tanker market, today examined and approved the Company’s Third Interim Management Statements as at September…
The Board of Directors of d’Amico International Shipping S.A., a leading international marine transportation company operating in the product tanker market, today examined and approved the Company’s Third Interim Management Statements as at September 30, 2026 (Q3 and 9M 2026 consolidated financial results).
MANAGEMENT COMMENTARY Carlos Balestra di Mottola, Chief Executive Officer of d’Amico International Shipping, commented: “d’Amico International Shipping delivered strong results in the third quarter and the first nine months of 2026, reporting net profits of US$ 27.8 million and US$ 107.2 million, respectively, compared with US$ 24.3 million and US$ 62.8 million in the corresponding periods of 2025. Our average daily spot TCE rate reached US$ 34,940 in Q3 2026 and US$ 41,094 in the first nine months of the year, 37% and 75% higher, respectively, than in the corresponding periods of 2025. At the same time, we maintained substantial fixed-rate coverage, with 63.2% of our employment days during the first nine months of 2026 secured through
period contracts at an average daily TCE rate of US$ 23,402. As a result, our blended daily TCE, comprising both spot and time-charter employment, averaged US$ 27,446 in Q3 2026 and US$ 29,911 in the first nine months of 2026, compared with US$ 24,335 and US$ 23,583, respectively, in the corresponding periods of 2025.
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