Shippingtelegraph: d’Amico in a shopping spree of more MR2 product tankers

Published by shippingtelegraph

Milan-listed d’Amico International Shipping S.A., through its fully-owned subsidiary d’Amico Tankers d.a.c., is continuing its remarkable buying spree by snapping up more MR2 newbuild vessels.

The company, which embarked on a purchasing spree earlier this year, has been one of the most active players in the purchase market for MR2 vessels and not only.

After signing a shipbuilding contract in January with China’s Jiangsu New Yangzi Shipbuilding (YZJ) for the purchase of two new 50,000-dwt MR2 product tankers at a contract price of $45.4m each, the shipowner exercised its options for the purchase of two additional ships of the same type at a contract price of $45.4m each.

The first MR2 vessels ordered in January are expected to be delivered to d’Amico Tankers in March and June 2029.

Those vessels ordered in March are expected to be delivered to d’Amico Tankers in August and October 2029.

Meanwhile, d’Amico Tankers extended in July a time charter-out contract with a reputable counterparty for one of its MR vessels for a period of 3 years.

In May, the company also signed a memorandum of agreement for the sale of High Tide, a MR vessel built in 2012 by Hyundai Mipo in South Korea, for a total consideration of $28.5m, with delivery to its new owners expected by November 2026. Previously, the company sold the MR vessel High Seas, built in 2012 by Hyundai Mipo in South Korea, for a total consideration of $27.6m, which was delivered to its new owners.

Carlos Balestra di Mottola, chief executive officer of d’Amico International Shipping, said: “During the first six months of the year, we were particularly active in the sale and purchase market, consistent with our long-term strategy of managing a modern and fuel-efficient fleet. In this regard, we sold our two oldest and only remaining non-eco vessels.

“High Seas, a 2012-built MR, was sold for $27.6m and delivered to its buyer in April 2026, generating approximately $27m in net cash proceeds.

“High Tide, also a 2012-built MR, was sold for $28.5m, with delivery expected in Q4 2026 and estimated to generate approximately $28m in net cash proceeds.

“In December 2025, DIS entered into a shipbuilding contract for two MR1 (40,000-dwt) product tankers, at a price of $43.2m each, scheduled for delivery in April and July 2029.

“This was followed in January 2026 by an order for two MR2 (50,000-dwt) vessels, at $45.4m each, scheduled for delivery in March and June 2029.

“In March 2026, DIS exercised options for two further MR2 vessels on the same terms, scheduled for delivery in August and October 2029.

“Designed to deliver materially enhanced fuel efficiency even compared with our existing eco-fleet, these six newbuildings are part of a broader investment programme of approximately $512.3m, spanning 10 vessels in total, including the LR1 tankers ordered in 2024 for delivery in the second half of 2027.”