Tanker

D'Amico beats four major tanker rivals on bottom line growth

Five leading tanker operators are headed toward record profits. Italian d’Amico’s bottom line has grown the most, and this is due to strong contracts, says chief executive.
”The higher averages achieved on the spot market this year are mostly linked to the much weaker first quarter last year, since the inefficiencies generated by the war in Ukraine only started positively impacting the market from the end of Q1 2022,” says Carlos Balestra di Mottola, CFO at d’Amico International Shipping. | Photo: Pr-foto
”The higher averages achieved on the spot market this year are mostly linked to the much weaker first quarter last year, since the inefficiencies generated by the war in Ukraine only started positively impacting the market from the end of Q1 2022,” says Carlos Balestra di Mottola, CFO at d’Amico International Shipping. | Photo: Pr-foto
by Dag Holmstad, Jens Ruskov

The Italian company name signals friendliness, but d’Amico International Shipping (DIS) has so far this year dealt financial blows to its much larger product tanker rivals.

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