d’Amico International Shipping enters into contracts for the construction of two additional new product/chemical tanker vessels with Hyundai Mipo
d’Amico International Shipping S.A., an international marine transportation company, operating in the product tanker market, announces today that its operating subsidiary d’Amico Tankers Limited (Ireland), entered into contracts for the construction of two additional new product/chemical tanker vessels with Hyundai Mipo Dockyard Co. Ltd. Korea, expected to be delivered at the end of H1 2014 , for a consideration of less than US$ 29.0 million each, the company reports.
d’Amico Tankers Limited was also offered with an option for two further vessels, under s imilar terms and conditions, to be exercised by April 201 3 . The above two newbuildings vessels are the latest IMO II MR design with the highest fuel efficiency . The design is the utmost HMD concept of hull shape and propulsion efficiency leading to a fuel saving of 6 - 7 T /day compare to the average consumption of world existing MR fleet. The vessel s will have an attained Energy Des ign Index (EEDI) falling already well within the IMO phase - in 3 requirement due for vessels to be built after Jan 1 st 2025, being of 31,5 % lower than the current IMO reference line.
As of today the fleet controlled by d’Amico Tankers Limited includes a total of 38 double - hull Medium Range (MR) and H andysize product tankers, with an average age of about 6.4 years. MANAGEMENT COMMENTARY Marco Fiori , Chief Executive Officer of d’Amico International Shipping S.A. commented: ‘ I am delighted to announce this new deal for two additional MR vessels which represents DIS’s 8 th vessel ordering in the last 6 months. Attached to this transaction is also the option to order a further 2 ships at an attractive price.
This is in coherence with the clear objective of the share capital increase and clearly reaffirms DIS strategy to modernize its fleet through new buildings with eco innovative design . Upon delivery these two ships will be the most advanced and efficient in terms of speed, consumption and deadweight & draft ratios among their size. These technical improvements will permit to improve current t/c equivalent rate revenue by an amount of at least US$ 3,000 per day.
