{"id":28358,"date":"2021-12-06T05:33:14","date_gmt":"2021-12-06T02:33:14","guid":{"rendered":"https:\/\/www.al-sindbad.net\/damico-fixes-lr1-on-long-term-charter-at-higher-rate\/28358\/"},"modified":"2021-12-06T05:33:14","modified_gmt":"2021-12-06T02:33:14","slug":"damico-fixes-lr1-on-long-term-charter-at-higher-rate","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/damico-fixes-lr1-on-long-term-charter-at-higher-rate\/28358\/","title":{"rendered":"D\u2019Amico fixes LR1 on long-term charter at higher rate"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>Italian owner d\u2019Amico International Shipping (DIS), has through its Dublin-based subsidiary d\u2019Amico Tankers, chartered out the 2019-built LR1 product tanker <span style=\"color:#00adeb;\" class=\"mt_tooltip\" data-mturl=\"\/en\/ais\/details\/ships\/shipid:6032069\/mmsi:636018828\/vessel:6032069\" data-mmsi=\"636018828\" data-imo=\"9791872\" data-dwt=\"74999\" data-yob=\"2019\" data-typename=\"Oil Products Tanker\" data-typecolor=\"8\" data-countrycode=\"LR\" data-country=\"Liberia\" data-info=\"Oil Products Tanker [LR]\" data-photourl=\"https:\/\/photos.marinetraffic.com\/ais\/showphoto.aspx?shipid=6032069\" data-assetname=\"CIELO DI LONDRA\" data-assettype=\"Vessel\">Cielo di Londra<\/span> for up to seven years.<\/p>\n<p>The company said the deal comes at a very profitable rate with a fixed term of five years and an option to extend the contract for two additional years at increasing rates.<\/p>\n<p>Paolo d\u2019Amico, chairman and chief executive officer of d\u2019Amico International Shipping, said that the bareboat charter-out agreement is fully in line with DIS\u2019 commercial strategy, based on a balanced mix of contract coverage and spot exposure, allowing the company to navigate through different market cycles.<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>He also added: \u201cThis contract highlights our market\u2019s strong fundamentals, with the charterer committing to hire the vessel for five years at a significantly higher level than can be achieved today on the spot market. It also confirms that the market recognizes a substantial premium for modern and \u2018Eco\u2019 product tanker vessels, which, thanks to the large investment plan we implemented in the last years represent the large majority of DIS\u2019 current fleet\u201d.<\/p>\n<p>D\u2019Amico International Shipping currently operates a product tanker fleet of 38 vessels, of which 20 owned and 18 are chartered-in.<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n<div id=\"div-gpt-ad-1_95_0_1_2\"> <script>googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });<\/script> <\/div>\n<\/div>\n<div class=\"post-bottom-meta post-bottom-tags post-tags-modern\">\n<div class=\"post-bottom-meta-title\">\n<span class=\"tie-icon-tags\" aria-hidden=\"true\"><\/span> Tags<\/div>\n<p><span class=\"tagcloud\"><a href=\"https:\/\/splash247.com\/tag\/italy\/\" rel=\"tag\">Italy<\/a><\/span>\n<\/div>\n<\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Italian owner d\u2019Amico International Shipping (DIS), has through its Dublin-based subsidiary d\u2019Amico Tankers, chartered out the 2019-built LR1 product tanker Cielo di Londra for up to seven years. The company said the deal comes at a very profitable rate with a fixed term of five years and an option to extend the contract for two &hellip;<\/p>\n","protected":false},"author":1,"featured_media":28359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-28358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/28358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=28358"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/28358\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/28359"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=28358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=28358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=28358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}