D’Amico International Shipping has freed up a further $10.7m with its latest-sale-and-leaseback deal.

Milan-listed DIS says the 50,000-dwt High Discovery (built 2014) has been sold for $28m and will be bareboat chartered back for a 10-year period.

Marco Fiori says the deal is with a Japanese counterparty and the cash boost will hit the owner’s balance sheet in the third quarter.