ShippingWatch

Coronavirus pandemic is "extremely worrying" to d'Amico

Product tanker rode a booming recovery in the spring,which is reflected in the interim reports. The market looks weaker going forward, and the threat from the pandemic is far from over. ShippingWatch has interviewed Italian d'Amico, which is not yet part of the consolidation in the sector.

Photo: d'Amico

Italy's d'Amico International Shipping is the product tanker ship operator which none of its competitors are putting out feelers for, even though the sector has in recent years been through a veritable consolidation wave in which major and medium-sized shipping companies have grown significantly.

Most recently, Hafnia informed the public that it had sent a takeover offer to the shareholders of Ardmore, which rejected the offer. And Hafnia itself is the result of a merger between BW Tankers and Hafnia Tankers.

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