d'Amico Calls 2015 Q3 "One of its Best" Quarterly Results

by Ship & Bunker News Team
Friday November 13, 2015

Marco Fiori CEO, of d'Amico International Shipping S.A. (DIS) in an emailed press release has called 2015 Q3 "one of its best quarterly results."

For 2015 Q3 DIS posted a net profit of $14.7 million, compared to $0.3 million during the same quarter in 2014.

Further, the company notes that it achieved daily spot rates of $21,219 in the third quarter, up from $13,867 during the same period last year.

DIS also reports net profits for the first 9 months of 2015 of $44.8 million, compared to a loss of  $5.2 million during the same period last year.

"We have secured already a good percentage of DIS future revenues at advantegeous rates, expanding our fleet, allowing us to be ready to take the maximum advantage of what we think it will be a strong market," said Fiori.

Fiori explained that he is "very confident" about the product tanker industry's prospects for the medium to long term, noting, "product tanker rates are still gradually improving, leading to a very positive outlook for the current year."

In October, Ship & Bunker reported that DIS had launched two newbuild eco-ships from the Hyundai Vinashin Shipyard Co. Ltd – Vietnam.

Ship & Bunker News Team
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