The d'Amico International Shipping Company (DIS), which has a fleet of 31 MR and LR1 tankers operated through the subsidiary operational d'Amico Tankers, concluded the second quarter of this year with base time charter revenues of 87.8 million dollars, down -37.1% on the same period in 2024. EBITDA EBIT was almost €39 million (-54.2%), EBIT of €22.6 million (-67.9%) and net income of $19.6 million (-70.5%).

Commenting on the trend of activity in the second quarter of 2025 the CEO of DIS, Carlos di Mottola, explained that, "overall, DIS has continued to benefit from a favourable market environment, supported by persistent disruptions in trade, from a growth in fleet and the evolution of the transport routes of petroleum. The circumnavigation of the Cape of Good Hope, resulting from hostilities in the Strait of Bab-el-Mandeb, and sanctions on Russian oil - noted di Mottola - have profoundly changed trade routes, increased distances travel averages and supporting demand measured in ton-miles. The increase in the number of ships sanctioned by part of the governments of the United States, the United Kingdom and the European Union is by significantly reducing the fleet available to lawful trafficking. In this context, on 18 July 2025, the Union European Union has adopted one of the most severe sanctions packages so far - by establishing a dynamic cap on the price of crude oil equal to initially at US$ 47.6/barrel (subject to semi-annual review), excluding an additional 22 Russian banks from the SWIFT system and hitting 105 tankers of the so-called "shadow fleet", as well as the subjects who facilitate their operations. Starting From January 2026, a ban will also come into force on the purchase of refined products obtained from Russian crude oil. Despite the high geopolitical risk and volatility of - factors that have supported the markets of the NOLI - We believe the fundamentals of the sector remain strong. The growth in global oil demand has shown signs of slowdown, due to weak macroeconomic and of the increase in trade tensions. However, according to the Agency International Energy Crisis (IEA), the demand for oil is set to increase by 0.7 million barrels per day both in the 2025 and in 2026, after an increase of 0.8 million barrels per year day in 2024. Meanwhile, countries' oil supply is not OPEC membership is growing and OPEC+ has accelerated the process of reversing voluntary cuts, effectively restoring Almost 80% of the cuts by August, well ahead of schedule. The oil market - concluded di Mottola - could therefore heading towards a phase of oversupply, with a possible configuration of the forward price curve in "contango", A historically favourable scenario for the ship sector cistern".