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
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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