d’Amico International Shipping , an international marine transportation company operating in the product tanker market, announces that its operating subsidiary d’Amico Tankers , exercised its purchase option on the MT Crimson Pearl, a 50,000 dwt medium-range product tanker vessel built in August 2017 by Minaminippon Shipbuilding  Japan, for a consideration of approximately US$ 31.0 million with delivery expected between September and October 2024.

As of today, DIS’ fleet comprises 33 double-hulled product tankers (MR, Handysize and LR1, of which 25 owned, 5 chartered-in and 3 bareboat chartered-in) with an average age of about 8.8 years for its owned and bareboat chartered-in vessels.

Carlos di Mottola, Chief Executive Officer of d’Amico International Shipping, stated:

“Following the acquisition of MT Crimson Jade at the end of June, I am now glad to announce the exercise of DIS’ purchase option on its sister ship, the MT Crimson Pearl, an Eco MR vessel built in 2017 by the same top-quality Japanese yard and time-chartered-in by d’Amico Tankers ever since. Through this transaction, we acquire a young and high-quality vessel at an attractive purchase price, around 30% lower than its current market value.”