Italy’s d’Amico International Shipping (DIS) has torn up a ship sale agreed in April after Greek owner Evangelos Marinakis failed to hand over the vessel in time.

The Milan-listed company said it cancelled a memorandum of agreement originally signed on 9 April for the 50,000-dwt MR tanker Amfitrion (built 2017), acquired from the tycoon’s Capital Maritime & Trading.

This was because of the “sellers’ failure to comply with the latest possible delivery date of the vessel”, DIS added.