d’Amico International Shipping (DIS) plans to buy back some vessels earlier sold in leaseback deals, in an attempt to reduce costs amid weak market conditions.
The Milan-listed operator of some 40 LR1, MR and handy product tankers has amassed a decent pile of cash from ship sales and freight earnings between January and September.
But company executives forecast strong near-term headwinds due to the second wave of coronavirus pandemic.
