d’Amico Sells Handysize Tanker MT Cielo di Parigi

d ’ Amico International Shipping’s subsidiary d ’ Amico Tankers Limited has sold its Handysize product tanker vessel M/T Cielo di Parigi to clients of Sea World Management, SAM of Monaco for the amount of US$ 13,600,000.

The payment of US$ 1,360,000 by the buyer equals to 10% of the Vessel sale price, as deposit amount, pursuant to the signed vessel’s contract purchase.

d’Amico Tankers Limited Fleet includes MR and Handysize product tankers.

d’Amico Tankers Limited has also a total of 8 newbuilding product tanker shipbuilding contracts, which include 4 MR and 4 Handysize vessels, at Hyundai Mipo Dockyard Co. Ltd. and in addition to this DIS has one vessel under construction in JV with Venice and Shipping Logistics S.p.A.

Marco Fiori, Chief Executive Officer of d ’ Amico International Shipping, stated: ”The sale of the Handysize vessel Cielo di Parigi reaffirms our skills also in the Sale and Purchase market since it is done in a firming market allowing us to maximize its proceeds. As we have been mentioning in the past the Sales and Purchase activity is a very important share of the shipping market and mastering it allows us to have a hedge compared to our competitors . ”

[mappress]

d’ Amico, March 21, 2014