Italian tanker carrier books full-year deficit for 2016

The low product tanker rates in late 2016 pulled down d'Amico International Shipping. The Italian tanker carrier suffered a deficit of USD 12.8 million last year, and the fourth quarter was especially challenging.

Photo: d'Amico Group

Italian tanker carrier d'Amico International Shipping (DIS) was hit by the tough tanker market in the latter half of 2016, and the company's full-year bottom line thus went negative.

The result for the year came to a deficit of USD 12.8 million against a profit of USD 54.5 million in 2015, according to the carrier's annual report.

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