D'Amico begins 2018 in the red

Product tanker carrier d'Amico International Shipping was, like its peers, hit by a weak market in the first quarter of the year, but CEO Marco Fiori still believes in an imminent recovery.

Photo: d'Amico Group

Italy's d'Amico International Shipping felt the rough conditions in the product tanker market in the first quarter this yeear.

The product tanker carrier's TCE earnings came to USD 66.3 million in the first quarter against USD 66.6 million in the same period last year, but though revenue was more or less stable, the net result did not follow suit.

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