Milan-listed DIS booked a gain of $30.1m in the six months to the end of June, swinging from a $5.5m loss at the same stage in 2014.

“I believe 2015 is now set to be a very profitable year for our industry, for DIS, and, last but not least, for our shareholders,” Fiori said in a statement.

DIS booked four LR1 newbuildings in the second quarter, taking its orderbook to 12 vessels.

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