D'Amico International Shipping (DIS) closed the third quarter of 2026 with growing results compared to the same period in 2025. In the quarter July-September Net profit stood at €27.8 million of dollars, up +14.3% compared to 24.3 million in the third quarter 2025. EBIT and EBITDA also grew respectively by +9.3% and +2.5% to 29.2 million and 40.2 million dollars, while base Time Charter revenues remained substantially stable at $67.0 million.

The performance appears particularly significant if we Consider that the freight market, after the exceptional peaks recorded in the second quarter, normalized during the summer. DIS, which operates a fleet of products Tankers with capacities between 35,000 and 75,000 tonnes deadweight, continued to benefit from spot freight rates higher than those of 2025 and solid coverage through time charter contracts.

Driving growth of the second half of 2026 there was especially the conflict in Iran and the consequent interruption of the oil traffic through the Strait of Hormuz. To support the market has further contributed to the sanctions against the Russia, attacks on Russian refineries and the shortage of globally refined products. In the third quarter, these effects have diminished, but have not disappeared. The gradual resumption of flows through Hormuz was accompanied by persistent logistical inefficiencies, ship-to-ship transfers and security issues that continued to support the market of oil tankers.