ShippingWatch

d'Amico quarter results point to improvements in product tank

d'Amico Int. Shipping has published a financial report that show improvements across the board. The developments of the company points to general improvements in the product tank market, says Fearnley.

d'Amico Int. Shipping achieved an operational result (EBITDA) of USD 11.5 million in the first quarter of 2013, compared to USD 5 million in the fourth quarter of 2012, an increase of 130 percent, according to the shipping company's financial report for the first quarter of 2013, published yesterday, Tuesday.

The company achieved net profits of USD 7.6 million, significantly more than analysts Fearnley's estimated USD -0.1 million.

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