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Three ships sold by d’Amico this week

Rome-based d’Amico Società di Navigazione group has sold three ships this week.

Shipping arm d’Amico International Shipping announced the sale of 2009-built medium range tanker High Strength for $16.4m to an undisclosed counterpart. The vessel was jointly owned with Mitsubishi Group through the DM Shipping joint venture, 51% controlled by d’Amico Tankers. The vessel will be operated by d’Amico Tankers until October 2019.

“The increasing appetite from buyers and period charterers over the last few months, is evidence of the strong medium-term fundamentals of the sector, and of the imminent anticipated market recovery” said Paolo d’Amico, chairman and CEO of d’Amico International Shipping.

On the dry bulk side, d’Amico Dry also sold en bloc two ageing ships for a total amount of $16.3m. The 2004-built Medi Cagliari and the 2005-built Medi Baltimore went to Chinese buyers, and some brokers suggest that both the ships are to be chartered back to d’Amico for two years.

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Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.
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