Major competitor happy following Torm solution

Tanker carrier D’Amico is happy that Torm has almost found a solution meaning that the market will not be flooded by Torm ships, says D’Amico CEO Marco Fiori, who is ready to build new ships.

The listed Italian tanker carrier D’Amico International Shipping, who is competing with e.g. Torm and Maerks Tankers, is ready to invest in tanker newbuildings as soon as it sees clear signs of a starting recovery.

Anyway, that is the announcement from D’Amico CEO, Marco Fiori, after the first quarter of 2012 which showed a moderate loss of USD 1.5 million. According to Tradewinds, Marco Fiori is happy that a solution to the problems of rival tanker carrier Torm is likely to be found, as banks are expected to take control of Torm at some point in the coming weeks.

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