d'Amico International
Shipping (DIS) reported a net profit of $107.2 million for the nine months
ended September 30, 2026, up 71 per cent from $62.8 million a year earlier. The
board approved the results on November 5.
The product tanker owner's average daily spot time charter equivalent
(TCE) rose 75 per cent to $41,094, from $23,473. Fixed-rate contracts covered
63.2 per cent of employment days at an average of $23,402 per day. The blended
rate was $29,911. Third-quarter net
profit was $27.8 million, against $24.3 million in the same period of 2025.
Spot TCE averaged $34,940 per day in the quarter. The board also approved an interim
dividend of about $40 million, or $0.3360 gross per share, payable on November
18. The ex-dividend date is November 16 and the record date is November
17. DIS had net cash of $56.6 million
at the end of September, compared with net debt of $27.4 million on December
31, 2025. Cash and cash equivalents stood at $265.4 million. Chief Financial Officer Federico Rosen
said this liquidity enabled the company "to meet our commitments under the
approximately $512.3 million newbuilding programme" while returning
capital to shareholders. The
programme comprises 10 product tankers: four LR1 tankers due
in the second half of 2027 and six MR tankers due in 2029.