D’Amico Grows Orderbook to 10 Ships with Latest MR2 Order

Why It Matters

The additional MR2s enhance DIS’s capacity while cutting operating costs through lower fuel consumption, strengthening its competitive position in the product tanker market.

Key Takeaways

• DIS orders two additional MR2 tankers from Jiangsu New Yangzi
• Each vessel costs $45.4 million, delivering 2029
• New MR2s consume 17% less fuel than existing eco‑design ships
• Orderbook now totals ten newbuildings, boosting fleet renewal
• Options for two more MR2s available until end‑March

Pulse Analysis

The global product tanker sector is undergoing a rapid modernization wave, driven by tighter emissions standards and volatile freight rates. d’Amico International Shipping, a Milan‑based operator with a 29‑vessel fleet, has turned to Chinese shipyards to accelerate its renewal programme. By exercising options for two extra MR2 tankers at Jiangsu New Yangzi Shipbuilding, DIS not only secures delivery slots for 2029 but also diversifies its supply chain away from traditional European yards. This strategic shift reflects a broader industry trend of leveraging cost‑effective Asian construction capacity while maintaining European market presence.

The newly ordered MR2 vessels are 50,000 dwt product carriers designed around an eco‑design hull and optimized propulsion system. According to DIS, the ships achieve roughly 17 % lower fuel consumption compared with the company's existing eco‑design fleet when operating at normal engine load and draft. Such efficiency gains translate into reduced CO₂ emissions, helping the operator meet IMO 2023 and 2025 carbon intensity targets. Moreover, the fuel‑saving technology improves voyage economics, offering a competitive edge in charter negotiations where charterers increasingly demand greener assets.

Financially, the $45.4 million price tag per vessel represents a disciplined capital allocation that balances fleet expansion with cost control. With the orderbook now encompassing ten newbuildings—four LR1s due in 2027 and six MR tankers slated for 2029—DIS positions itself to replace aging tonnage and capture higher-yield contracts. The early exercise of options also locks in pricing before anticipated market tightening, while retaining the ability to add two more MR2s by March. Investors are likely to view this proactive renewal as a signal of long‑term resilience and profitability in a competitive shipping environment.