d'Amico International Shipping Launches Two New Eco-Ships

DIS says the two ECO-ships came at a collective cost of over $62 million.

d'Amico International Shipping S.A. (DIS) Tuesday in an emailed press release announced that the company has launched two newbuild eco-ships from the Hyundai Vinashin Shipyard Co. Ltd – Vietnam.

The new vessels, reported to have cost over $62 million collectively, are said to bring the company's fleet to over 50 units.

The newbuids are reported by DIS to feature an "innovative design aimed at offering incredible versatility in type of transport, elevated performance in terms of energy efficiency and consumption and an impressive reduction of emissions, allowing them to already meet the international standards that will come into force in 2025."

The vessels are the Cielo di Ulsan, a handysize Ice Class with a 39,000 tonne capacity, and High Trader, a medium range 50,000 tonne capacity product tanker.

"We have added two more ships of great construction quality to our young fleet, which are capable of offering our customers safety, efficiency and profitability," said Marco Fiori, CEO at DIS.

"In this context, the partnership with the shipyards of Hyundai Vinashin Shipyard has proven to be strategic for the development of our fleet, which today reaches the record number of ships in the history of d'Amico International Shipping."

The two vessels are said to already be set for service with two "major international" oil companies, one on a 30-month charter and the other on a 3-year charter.

"This extremely positive moment on the market and increasingly close relations with major oil companies and multinational manufacturers of vegetable oils, which request our ships more and more often, confirm that DIS has taken the right route," the company said.

"With the addition of other 12 eco-ships currently under construction by 2018, we will further consolidate our competitive position on the global shipping market that today already sees us among the leaders."

At the end of September, DIS announced that, following its bullish outlook for the tanker market, its subsidiary, d'Amico Tankers Limited – Ireland, finalised a deal with Hyundai Mipo Dockyard Co. Ltd. – Korea for two newbuild 75,000 DWT capacity "ECO design" long range (LR1) product tankers.