"2018 was unfortunately one of the worst years for product tankers in the last decade"

Italian product tanker shipping company d'Amico International Shipping booked a deficit of USD 55.1 million last year. This is due to factors including "historically low rates," says CEO Paolo d'Amico.

Photo: d’Amico Società di Navigazione SpA

2018 was a tough year for product tanker operators. This applies not least to product tanker shipping company d'Amico International Shipping, where low rates led to a large million dollar deficit, shows the company's annual report.

Chairman and CEO Paolo d'Amico describes 2018 as a particularly dire year.

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