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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.

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