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International Tankers and Gas Finance

Product tanker market’s troubles nearly over, says Paolo d'Amico

Last year was a bad one for d’Amico International Shipping, which reported a $55m net loss amid weak charter rates. But with an eye on improving fundamentals in the product tanker market, chief executive Paolo d’Amico expects the second half of this year to look much better

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The company expects to complete a $60m capital increase in the first half, reinforcing its balance sheet just in time for an anticipated market recovery later in the year

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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