Announcement of the conclusion of a new 2 year time charter contracts

Luxembourg – October 25^th, 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 between November and December 2024, with a reputable counterparty at very profitable daily hire.

Following the conclusion of this time-charter agreements, DIS has the following estimated forward contract coverage:

• Q4 2024: 39% of DIS’ available vessel days fixed at a TCE rate of approximately US$ 27,100/day
• FY 2025: 25% of DIS’ available vessel days fixed at a TCE rate of approximately US$ 25,530/day
• FY 2026: 17% of DIS’ available vessel days fixed at a TCE rate of approximately US$ 25,075/day

Carlos di Mottola, Chief Executive Officer of d’Amico International Shipping, stated:

“DIS continues to steadily increase its time-charter coverage, and I am pleased to announce the conclusion of a highly profitable two-year contract with a reputable counterparty. The terms of this deal once again highlight the positive outlook for our market and demonstrate the strong interest from our clients in securing long-term agreements at very attractive levels for us.”

For further information, download the attached document.