d'Amico announces the conclusion of three time charter deals with an oil major
d"Amico International Shipping S.A. (Borsa Italiana: DIS), an international marine transportation company operating in the tanker product market, announces that its operating subsidiary d"Amico Tankers Limited (Ireland), signed Time Charter agreements with one of the main Oil Majors, on three of its vessels.
Three vessels were fixed with Exxon Mobil (of which two renewals), plus option for further period. These Time Charters were fixed at levels which will generate a positive operating cash flow, increasing at the same time DIS coverage (revenue generated by fixed contracts).
The conclusion of these deals clearly highlights the extremely high standards of quality, safety and environmental procedures of DIS fleet. This is also the recognition of the level of DIS fleet management, which is able to satisfy very demanding customers, such as one of the most important Oil Majors.
d"Amico International Shipping S.A. considers extremely positive these deals, even from a strategic point of view, allowing to consolidate its strong long-term relationships with one of the main Oil Majors.