d’AMICO International Shipping S.A. Announces The Exercise Of Its Purchase Option On Mt High Discovery
d’Amico International Shipping S.A. (Borsa Italiana: DIS) (the “Company” or “DIS”), an international marine transportation company operating in the product tanker market, announces that its operating subsidiary, d’Amico Tankers d.a.c. (Ireland) (“d’Amico Tankers”), has exercised its purchase option under the existing bareboat charter-in contract for the MT High Discovery (“the Vessel”), a 50,000…
d’Amico International Shipping S.A., a marine transportation company, has announced that its subsidiary, d’Amico Tankers d.a.c. (Ireland), has exercised its purchase option for the vessel MT High Discovery. The tanker, a 50,000 dwt medium-range product tanker, was built in 2014 by Hyundai Mipo Dockyard Co., Ltd., South Korea. The purchase price is expected to be around US$ 15.3 million, although it may be adjusted based on the actual delivery date. d’Amico Tankers anticipates taking ownership of the vessel at the beginning of November 2026.
The company currently operates 28 double-hulled product tankers, with an average age of about 10 years. d’Amico International Shipping's CEO, Carlos di Mottola, expressed satisfaction with the exercise of the purchase option, stating that it reacquires ownership of the vessel while also reducing the Company's financial leverage and improving cash breakeven.
The news is now available on DIS' website, filed with the CSSF and disclosed through the e-market SDIR circuit, as well as stored at Borsa Italiana S.p.A. through the e-market STORAGE system and at Société de la Bourse de Luxembourg S.A.
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