Italy's d'Amico International Shipping (DIS) is entering a buoyant 2020 market with reduced debt costs and vessels on better term deals.
CEO Paolo d'Amico told shareholders that the company has paid off a $75m medium-term financing facility with Banca Intesa, involving $15m payments each of five years.
He called the loan a "significant drag" on its cash over the last few years.
