D’Amico International Shipping (DIS) chief executive Paolo d’Amico is looking to “invent” a new long-term plan after the Italian tanker company completed its fleet renewal.

Expansion could well be on the cards, but the Milan-listed owner’s boss told TradeWinds that he would rather be a buyer than bought in any consolidation play.

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Asked about whether DIS would carry out any future mergers or acquisitions in the product tanker sector, the chief executive said: “If it makes any sense, probably yes.”