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IR News

Corporate

Announcement of the conclusion of two new time charter contracts at very profitable rates

December 04, 2025

Luxembourg – December 04th, 2025d’Amico International Shipping S.A. (Borsa Italiana: DIS) (the Companyor DIS), a leading 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), has recently signed two new time charter agreements with a reputable counterparty. These agreements cover one Eco-MR1 and one Eco-MR2 vessel, and both are at highly profitable daily hire rates. The Eco-MR1 vessel is chartered for a minimum of 23 months, up to a maximum of 25 months, while the Eco-MR2 vessel is fixed for a minimum of 23 months and up to 26 months.

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

  • Q4 2025: 57% of DIS’ available vessel days fixed at a TCE rate of approximately US$ 23,384/day
  • FY 2026: 42% of DIS’ available vessel days fixed at a TCE rate of approximately US$ 23,256/day
  • FY 2027: 16% of DIS’ available vessel days fixed at a TCE rate of approximately US$ 22,214/day

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

“I am pleased to announce the conclusion of these two time-charter agreements, both for periods of approximately 2 years, with a reputable counterparty at very profitable rates, reflecting our industry’s strong fundamentals. Coverage through these new contracts is aligned with our current commercial strategy, which seeks to manage market risk, through a balanced mix of spot exposure and time-charter contracts.”

 

For further information, download the attached document.

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