Italy's d'Amico bolsters capital ahead of expected recovery

Tanker company d'Amico International Shipping has raised more than EUR 42 million in a new equity issue. The fresh capital will be used to bolster the shipping company's balance ahead of an expected rate recovery with the 2020 sulfur regulations, says CEO Paolo d'Amico.

d'Amico International Shipping CEO Paolo d'Amico | Photo: dAmico

by DANIEL LOGAN

Italian product tanker operator d'Amico International Shipping bolsters its balance sheet by selling new equity for more than EUR 42 million, says the company in a press release.

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