d'Amico International Shipping enters the LR1 segment

The Italian product tanker carrier d'Amico International Shipping is entering the LR1 segment with an order for two new vessels of 75,000 dwt with a value of USD 88 million. Management predicts a large demand for LR1 vessels in coming years.

The product tanker carrier d'Amico International Shipping, listed in Milan, has added two new vessels to its fleet with the order of two LR1 tankers of 75,000 dwt each at a price of USD 44 million a piece. The ships will be delivered in the middle of 2017 and will bring d'Amico International Shipping's newbuilding program up to a total of ten vessels, where the rest include four MR tankers and four Handysize vessels.

Read the statement about the newbuildings here.

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