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D’Amico Shipping completed sale of medium-range product tanker High Prosperity

Maritime News October 9, 2017

High Prosperity

The dry cargo and product tanker shipowner D’Amico Shipping completed sale of medium-range product tanker High Prosperity for 14.2 million USD. The transaction will generate a positive net cash effect of around 6.9 million USD for the shipowner, contributing to the liquidity required to complete DIS’ fleet renewal program. D’Amico Shipping will retain the commercial control of the vessel agreeing 6-year time charter.

“The sale of MT High Prosperity is in line with DIS’ long term strategy of maintaining a young owned fleet, through the replacement of some of our older vessels with the newbuildings we have ordered in the recent years”, said the CEO of D’Amico Shipping, Marco Fiori. “At the same time, this transaction will generate a positive net cash effect of approximately 6.9 million USD, strengthening our balance sheet and liquidity position, while permitting us to retain commercial control of the vessel at a competitive time – charter rate for the next 6 years, allowing us to benefit from the expected recovery in the product tanker market”, added he.

The product tanker High Prosperity (IMO: 9292357) has overall length of 180.00 m, moulded beam of 32.20 m and maximum draft of 11.70 m. The deadweight of the vessel is 48,711 DWT and the gross tonnage is 28,794 GRT. The tanker was built in 2006 by Iwagi Shipbuilding in Kamijima, Japan.


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