Buoyant freight rates have helped d’Amico International Shipping (DIS) return to profit, and it expects to keep benefiting from strong markets for years to come.
On Thursday, the Italian owner and charterer of 35 product tankers reported second-quarter net income of $25.7m, reversing a $5.4m loss in the same period last year.
“We expect to continue benefiting from strong markets for several years, due to the very positive fundamentals for our industry, both on the demand and the supply side,” chief executive Paolo d’Amico said in an earnings release.
