Italian tanker carrier hit by a record low spot market

Italian product tanker carrier d'Amico International Shipping emerged from the latest quarter with a red bottom line. The CEO is satisfied with the positive result for the first nine months of the year, which culminated in a historically low spot market.

Photo: d'Amico Group

Tanker carrier d'Amico International Shipping (DIS), which is headquartered in Rome and listed on the Milan stock exchange, can thank its traditional focus on long term contracts for its significant USD 6.1 million profit in the first nine months of this year.

The carrier came out of the third quarter with a deficit of USD 7.6 million relative to a positive result of USD 14.7 million in the same quarter of 2015, shows the Italian company's quarterly report Wednesday.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs