d'Amico International Shipping

What d'Amico International Shipping does

d'Amico International Shipping S.A. (DIS) is a Luxembourg-domiciled, Milan-listed product tanker operator that transports refined petroleum products, fuel oil, vegetable oils and select chemicals for major oil companies and international trading houses. The company operates a controlled fleet of 28 product tankers (Handysize, Medium Range and LR1 classes) with ten further vessels under construction, making it one of the few pure-play publicly listed product tanker specialists. Chartering and operations are run from Dublin, London, Singapore, Stamford and regional offices in Mumbai, Manila, Casablanca, Genoa, Rome, Monaco, Vancouver and Santiago de Chile, offering 24/7 service to a global client base.

The fleet is positioned as technologically advanced: 93% of owned and bareboat tonnage is 'eco-design' (industry average 40%), average fleet age is 9.8 years versus 14.4 (MR) and 16 (LR1) years for competitors, and every vessel is EEXI compliant and Biofuel (B30) certified with 79.3% of tonnage classed by RINA (vs 50% industry). Recent newbuild orders (two MR1s at Guangzhou Shipyard and two MR2s at Jiangsu New Yangzi) will deliver methanol-ready, cyber-resilient vessels with 17-20% fuel savings, supporting $412.6 million of strategic capex with $374 million remaining payable.

Revenue is generated through a hybrid model: long-term time charter contracts with oil majors provide recurring baseline income (42% of 2026 days are covered at ~$23,300/day), complemented by spot voyage exposure that captures upside in tight markets (Q4 2025 spot rates averaged $27,100/day; Q1 2026 TCE earnings were $66.4 million on a blended ~$26,800/day rate). FY2025 delivered $88.4 million of net income on $152.7 million EBITDA (57% margin) and $346.5 million of revenue, with $183.9 million of cash, leverage of just 2.4% of fleet market value, and $137 million returned to shareholders via dividends since 2022.

Name

d'Amico International Shipping

Legal name

d'Amico International Shipping S.A.

Website

https://en.damicointernationalshipping.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

501–1,000 employees

Short description

d'Amico International Shipping S.A. (DIS) operates a fleet of 28 product tankers transporting refined petroleum products, fuel oil and vegoil for major oil companies and trading houses. Listed on the Milan Stock Exchange since 2007 and OTCQX since 2023, it runs a young, 93% eco-design fleet.

Ownership category

akta.pro rank

Product category

Product Tanker Shipping (Marine Transportation)

SIC

Deep Sea Foreign Transportation Of Freight (4412), Water Transportation (4400), Arrangement Of Transportation Of Freight & Cargo (4731)

akta.pro primary industry

Liquid Bulk / Crude & Product Tanker Operators (VLCC/Suezmax/Aframax/MR) (TLADABAD)

akta.pro secondary industries

Product Tanker Shipping (Clean/Dirty) (EUALADAH), Crude Oil & Petroleum Products Tanker Transport (TLADALAA), Liquid Bulk / Tanker Freight Brokerage (TLADAMAL)

Keywords

• Product tanker shipping
• Refined petroleum transport
• Marine transportation services
• Time charter contracts
• Eco-design tankers

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Others

Revenue model

1. Product Tanker Freight Services: DIS operates a fleet of product tankers providing transportation of refined petroleum products, clean products (gasoil, unleaded gasoline, naphtha, jetfuel at 57.6%), fuel oil (40.5%), and vegoil/palm oil (1.4%). Revenue is generated through a mix of time charter contracts and spot market voyages.
2. Time Charter Contracts: The company secures long-term contracts with oil majors, providing stable revenue. In Q4 2025, the company had approximately $23,300 per day covered for 42% of 2026 available days through forward contracts.
3. Vessel Management Services: DIS provides technical management services for vessels, with first-class vetting approval from major oil majors.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

d'Amico International Shipping (DIS) operates a modern fleet of product tankers transporting refined petroleum products — including clean products (gasoil, unleaded gasoline, naphtha, jetfuel), fuel oil, and vegetable oils — for major petroleum companies and trading companies worldwide. The company delivers this through three vessel classes (Handysize 36,000-40,000 dwt, MR 45,000-51,000 dwt, LR1 55,000-79,999 dwt) under a mix of long-term time charter contracts and spot market voyages, with chartering and operations offices in Dublin, London, Singapore, and the USA.

Product overview

d'Amico International Shipping S.A. (DIS) operates exclusively in the Product Tanker sector as the d'Amico division, listed since 2007 on the Milan Stock Exchange. The company offers a modern fleet specialized in the transport of refined petroleum products, serving major petroleum companies and trading companies. The product portfolio consists of three vessel classes: Handysize tankers (36,000-40,000 dwt) for brief routes in Mediterranean, Black Sea, Baltic, and Caribbean regions; MR/Medium Range vessels (45,000-51,000 dwt) as the core fleet segment operating globally; and LR1/Long Range 1 vessels (75,000 dwt) for long-haul routes from Arabian Gulf and India. DIS provides chartering and operations services from offices in Dublin, London, Singapore, and USA, with 93% eco-design fleet compliance.

Differentiator

Problem solved

Functional benefit

Products and services

• Handysize Product Tankers (36,000-40,000 dwt)
• MR/Medium Range Product Tankers (45,000-51,000 dwt) Core vessel class of the DIS fleet and the largest segment of the global product tanker market, known for flexibility in dimensions and representing the standard for commercial cargo. Operating globally for major petroleum companies and trading houses.
• LR1/Long Range 1 Product Tankers (55,000-79,999 dwt) Large product tankers designed for long-range transport from areas of refinery expansion (Arabian Gulf, India) to distant consumption areas, operating at global level. Available to oil majors and trading companies for charter.
• Product Tanker Transportation Services End-to-end transportation services for refined petroleum products (clean products including gasoil, unleaded gasoline, naphtha, jetfuel; fuel oil; and vegetable oils) delivered to major petroleum companies and trading companies globally via time charter contracts and spot voyages from offices in Dublin, London, Singapore, and the USA.
• Vessel Technical Management Services First-class technical management services for product tankers, holding long-term vetting approval from major oil majors. Provided in-house to DIS-controlled vessels and as a capability supporting oil-major charter qualification.

Quantifiable outcome

• Fleet average age of 9.8 years vs industry average of 14.4 years for MRs and 16 years for LR1s
• +5 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Capital LinkcoreGTM or Marketing Partner · 2 December 2025Capital Link hosts DIS senior executives in its Shipping Sectors Webinar Series, providing platform for market outlook discussions and investor engagement. DIS participates in Capital Link's Corporate Presentation Series featuring CEO Carlos Balestra di Mottola.
• RINAcoreStrategic or Co-development PartnerRINA provides classification services, vessel inspections, and verification services. DIS was first fleet to be entirely MRV (Monitoring, Reporting, Verification) compliant and verified by RINA. Collaboration on remote vessel inspection technologies during COVID-19.
• Clarksons Research ServicesminorOthersClarksons Research Services provides market data and industry benchmarks used by DIS for fleet performance comparisons (eco-design fleet percentages, industry average age comparisons).
• Jiangsu New Yangzi ShipbuildingcoreOthersChinese shipyard contracted for construction of two 50,000-dwt MR2 product tankers at $45.4 million each, with delivery scheduled for March and June 2029, and option for two additional vessels.
• Guangzhou Shipyard International Company LimitedcoreOthersChinese shipyard contracted for construction of two 40,000-dwt MR1 product tankers at $43.2 million each, with deliveries expected in April and July 2029.

Scale indicators17 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Stena Bulk: Stena Bulk is a large privately-held Swedish shipping group operating a substantial fleet of MR and LR1 product tankers alongside chemical tankers, competing with DIS for the same pool of oil major charters with a broader chemical tanker offering.
• Maersk Tankers: Maersk Tankers is a major product tanker operator managing a large MR fleet on behalf of itself and third-party owners; it directly competes with DIS in the same vessel class and customer base, backed by the Maersk brand and global scale advantages.
• Frontline: Frontline is one of the world's largest tanker owners operating VLCCs, Suezmaxes, Aframax/LR2s, and MR/LR1 product tankers; its product tanker division (formed via the Frontline 2025 spin-off of product tankers into a separate entity) directly overlaps with DIS' core MR business.
• Euronav: Euronav is a large crude tanker operator (VLCC and Suezmax) that has expanded into product tankers following the Frontline merger, providing comparable cycle exposure and charterer relationships to DIS in the broader tanker shipping space.

Direct peers

• Scorpio Tankers: Scorpio Tankers is a pure-play product tanker owner-operator listed on NYSE with a fleet of MR and LR2 product tankers, directly competing with DIS in the global refined product shipping market with a similar mix of time charter and spot exposure.
• Torm: Torm is one of the largest pure-play product tanker companies globally, operating a fleet of MR and LR1 product tankers with the same vessel classes as DIS and serving similar oil major and trading house customers in transatlantic and inter-regional product flows.
• International Seaways: International Seaways owns and operates a fleet of VLCC, Suezmax, Aframax, LR2, and MR product tankers, overlapping with DIS in the MR product tanker segment while offering additional crude exposure that provides cycle diversification.
• Ardmore Shipping: Ardmore Shipping operates a fleet of MR and LR2 product and chemical tankers with a similar eco-design focus and oil major customer base, competing directly with DIS for premium time charter contracts in the Atlantic basin.
• Hafnia: Hafnia is a leading global product tanker owner-operator with one of the largest MR fleets in the world, directly comparable to DIS in vessel mix, customer base, and eco-design fleet strategy targeting oil major vetting approval.

Emerging players

• BW LPG: BW LPG is the world's largest LPG carrier operator, an adjacent shipping segment with overlapping charterer relationships in the energy/cargo space and similar public-market shipping investment characteristics, though not directly competing for product tanker cargoes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCdL7Uq1b0e8c5xTY6LVmN6w

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about d'Amico International Shipping