Italy’s d’Amico International Shipping (DIS) has roared back into profit after keeping period coverage low in improving markets.
The Milan-listed product tanker owner logged net earnings of $43.6m in the third quarter, turning around a loss of $13.8m in the same period of 2021.
Chief executive Paolo d’Amico said the company’s “efficient” mix of spot exposure and time-charter coverage can be adapted opportunistically depending on prospects.
