Milan-listed product tanker owner and operator d’Amico International Shipping (DIS) has snapped up another leased vessel.
The Carlos di Mottola-led company has declared a purchase option on the 2019-built LR1 Cielo di Houston costing about $26.5m.
The Hyundai Mipo Vietnam-built 74,999 dwt unit has been on bareboat charter from Tokyo Century Corporation, which picked up the tanker upon its delivery for a reported $38.6m.
D’Amico’s Irish-based tankers business will take over ownership of the vessel, currently worth around $48.5m, in September.
DIS has exercised purchase options on multiple tankers since 2023, including the MR High Leader, last October. The company’s fleet stands at 33 product carriers, of which 27 are owned. D’Amico also has four LR1 newbuildings lined up at Jiangsu New Yangzi Shipbuilding for delivery in 2027.