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Italy's d'Amico expects low fleet growth for tanker in coming years

Product tanker carrier d'Amico International Shipping turned a deficit into a profit in 2020 despite a dip in the second half of the year. The company is optimistic about the years to come due to a historically low orderbook and expectation of increased scrapping.

Topchef Paolo d'Amicois optimistic about the tanker market for the coming months and year. | Photo: d'Amico

Italian tanker company d'Amico International Shipping (DIS) returned to the black in 2020, during which a record-breaking market at the beginning of the year kept up the bottom line despite a large drop in the second half.

The company, listed in Milano and operating within product tanker, exits 2020 with a net profit of USD 16.6 million against a deficit of USD 27.5 million the year before, shows the annual report.

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