d'Amico Tankers Limited (Ireland), the operating subsidiary d'Amico International Shipping (DIS), has signed a new loan for an amount of $ 48 million granted by a club made up of two lending banks Credit Agricole Corporate and Investment Bank and DnB NOR Bank ASA.
The company announced that its new line of credit is intended to finance the final payments due to the South Korean shipyard Hyundai Mipo Dockyard Co. for the two MR product tankers tankers / chemicals of 52,000 deadweight tons, hull No 2307 and No. 2308, that have already been ordered and is currently under construction at the shipyard, with delivery scheduled in March and April 2012 respectively. The two tankers were originally ordered by Glenda International Shipping, the 50:50 joint venture between the d'Amico International Shipping Group and Glencore, which subsequently transferred the order d'Amico Tankers Limited (Ireland).
d'Amico International Shipping has stated that the funding can cover a large part of the total number of installments remaining to be paid to the shipyard for two South Korean ships under construction, which totals $ 56 million, and that the duration of the loan is of seven years from the delivery of new ships and a very competitive interest rate. The credit facility is guaranteed by the mortgage of First Instance entered on each ship.
"We are very pleased - said the CEO of D'Amico International Shipping, Marco Fiori - to announce this transaction, which allows d'Amico International Shipping SA of financing, on favorable terms, the ships under construction. The agreement confirms the reputation that the market recognizes the company, its solid financial position and long-term relationships with the Credit Agricole CIB. Thanks to this operation DIS also the opportunity to establish relations with other major banks operating in the shipping sector, which DnB NOR. "
"Despite the current volatility of a market that has already shown tangible signs of recovery, however - he said Flowers - we remain optimistic in the medium-term fundamentals of the tanker industry.In this difficult environment, the constant support of leading banks allows our company to continue its growth strategy, also taking advantage of the opportunities offered by the market, with the aim to create value for shareholders. "
The fleet of d'Amico International Shipping today comprises 37 tankers (medium range - MR product tankers and handysize) all double-hulled with an average age of five years. The fleet includes 20 owned vessels and 17 vessels for hire.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
d'Amico Tankers Limited (Ireland), the operating subsidiary d'Amico International Shipping (DIS), has signed a new loan for an amount of $ 48 million granted by a club made up of two lending banks Credit Agricole Corporate and Investment Bank and DnB NOR Bank ASA. 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
