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D'Amico sells joint-venture tanker

Tanker owner d'Amico International Shipping has sold a medium range tanker it owned through its 51% share in DM Shipping, a venture with Mitsubishi Group. It is the second tanker sale this month for d'Amico and the second for DM Shipping this year

The sale gives DM Shipping a cash generation of $13.2m, net of commissions and payment of the vessel’s existing loan

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