Milan-listed d’Amico International Shipping (DIS) has taken back ownership of one of its leased tankers for a knock-down price.

The Italian owner said it had exercised its purchase option under the existing bareboat charter-in contract for the 75,000-dwt Cielo di Houston (built 2019).

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The Hyundai Mipo-built LR1 ship is priced at a bargain $26.5m.