d’Amico International Shipping exercises purchase option on 50,000dwt MR product tanker

Product tanker owner d’Amico International Shipping S.A. (DIS) announces that its operating subsidiary, d’Amico Tankers, has exercised its purchase option under the existing bareboat charter-in contract for the MT High Discovery, a 50,000 dwt MR product tanker built in February 2014 by Hyundai Mipo Dockyard Co, South Korea, for a consideration of approximately US$ 15.3 million.

d’Amico Tankers expects to acquire ownership of the vessel at the beginning of November 2026. The purchase price may be slightly adjusted to reflect the actual delivery date.

As of today, the company’s fleet comprises 28 double-hulled product tankers (MR, Handysize and LR1, of which 26 are owned and 2 bareboat chartered-in), with an average age of approximately 10 years.

Carlos di Mottola, CEO of d’Amico International Shipping, stated: “I am pleased to announce the exercise of the purchase option on one of our two remaining bareboat chartered-in vessels. Through this transaction DIS reacquires ownership of the MT High Discovery, a modern Eco-MR vessel built in 2014 by a top-quality shipyard – following its sale and leaseback in 2022 – while further reducing the Company’s financial leverage and cash breakeven.”