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d'Amico International Shipping S.A.
Regulatory Filings • Sep 18, 2024
9964_iss_2024-09-18_bd0b6d60-f9b9-4d16-a8a0-17fc7fdaee10.pdf
Regulatory Filings
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PRESS RELEASE
d'AMICO INTERNATIONAL SHIPPING S.A. ANNOUNCES THE CONCLUSION OF A NEW 2-YEAR TIME CHARTER CONTRACT AT A VERY PROFITABLE RATE FOR ONE OF ITS MR2 VESSELS
Luxembourg – September 18th , 2024 – d'Amico International Shipping S.A. (Borsa Italiana: DIS) (the "Company"or "DIS"), an international marine transportation company operating in the product tanker market, announces that its operating subsidiary, d'Amico Tankers D.A.C. (Ireland) ("d'Amico Tankers"), signed a new two-year time charter agreement for one of its MR2 vessels, starting at the end of September 2024, with a reputable counterparty at a profitable daily hire rate.
Following the conclusion of this time-charter agreement, DIS has the following estimated forward contract coverage:
- Q4 2024: 34% of DIS' available vessel days fixed at a TCE rate of approximately US\$ 26,629/day
- FY 2025: 22% of DIS' available vessel days fixed at a TCE rate of approximately US\$ 24,655/day
- FY 2026: 15% of DIS' available vessel days fixed at a TCE rate of approximately US\$ 23,743/day
Carlos di Mottola, Chief Executive Officer of d'Amico International Shipping, stated: "I am pleased to announce that DIS has signed a new long-term time-charter-out contract with a reputable counterparty at a very profitable daily rate. Through this deal, we continue to advance our strategic goal of gradually increasing our contract coverage to ensure stable earnings in the months and years ahead, benefitting from strong market fundamentals."
From today this press release is available on the investor relations section of DIS' website, filed with the CSSF, disclosed through the e-market SDIR circuit and stored at Borsa Italiana S.p.A. through the emarketSTORAGE system and at Société de la Bourse de Luxembourg S.A. in its quality of OAM.
d'Amico International Shipping S.A. is a subsidiary of d'Amico Società di Navigazione S.p.A., one of the world's leading privately-o wn ed marine transportation companies, and operates in the product tankers sector, comprising vessels that typically carry refined petroleum products, chemical and vegetable oils. d'Amico International Shipping S.A. controls, through its fully-owned subsidiary, d'Amico Tankers D.A.C., Dublin, either through ownership or charter arrangements, a modern and double-hulled fleet, ranging from 35,000 to 75,000 deadweight tons. The Company has a long history of family enterprise and a worldwide presence with offices in key maritime centers (London, Dublin, Monaco, Stamford and Singapore). The Company's shares are listed on the Milan Stock Exchange under the ticker symbol "DIS.MI" and are traded also on the OTCQX Best Market in the US, under the ticker symbol "OTCQX: DMCOF".
Anna Franchin, Investor Relations Manager
Tel: +35 2 2626292901 Tel: +37 7 93105472 E-mail: [email protected]
Capital Link New York - Tel. +1 (212) 661-7566 London - Tel. +44 (0) 20 7614-2950 E-Mail: [email protected]
Media Relations Havas PR Milan Marco Fusco Tel.: +39 02 85457029 – Mob.: +39 345.6538145 E-Mail: marc[email protected] Antonio Buozzi Tel.: +39 320.0624418 E-Mail: [email protected]