D'Amico ready with billion-dollar investments

Italian product tanker carrier d'Amico plans to invest a total of USD 1.2 billion in fleet renewals during the next three or four years, according to Reuters.

Product tanker carrier d'Amico, which competes with other product tanker carriers such as Ardmore, Scorpio and Hafnia Tankers, plans to renew its fleet. Specifically, this means that the carrier will set aside USD 1.2 billion during the next three or four years to invest in new ships and improvements, according to Reuters.

D'Amico's newbuilding program currently stands at 16 eco-design vessels, including 10 MR tankers and six Handysize. 12 ships have yet to be delivered.

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