Press releases

Luxembourg, 28 October 2010 - The Board of Directors of d’Amico International Shipping S.A. approves the Q3 2010 Results and the Company’s 2011 financial calendar – available on the Company’s website and on the one of Borsa Italiana S.p.A.

Improved results in what is still a tough short term market environment. The Operating Profit is back and DIS continues to generate cash thus maintaining its strong financial position. The US dollar current weakness against the JPY negatively affected the bottom line

The current year is now generating better returns for d’Amico International Shipping (DIS) after the Oil Product demand collapsed in 2009. The more positive market environment in July and August this year, together with the efficient fleet deployment strategy of DIS, allowed the Company to reach, in Q3, the best operating results of the current year.