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D'Amico International Shipping reports smaller loss

Just like many of its competitors, Italian product tanker carrier d'Amico International Shipping reports a red bottom line for the third quarter. The deficit is smaller than lit was at the same time last year, however.

Photo: PR/d'Amico

In a generally challenging third quarter for the product tanker sector, d'Amico has managed to reduce its deficit compared to the same period last year.

The carrier reports a net deficit of USD 8.1 million, compared to a loss of USD 21 million in the third quarter last year. At the same time, management operations, (ebitda), have gone from loss to gain, with a profit of US 21.4 million compared to a deficit of 2.2 million dollars last year.

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