d’Amico Fixes Newbuild Trio

first_imgzoom Italian-listed ship operator d’Amico International Shipping S.A. (DIS) has through its Ireland-based subsidiary d’Amico Tankers Limited inked charter agreements for three of its medium range newbuilding vessels with an undisclosed oil major.The three vessels, Hull S410, Hull S411, Hull S424, expected to be delivered in Q4 2015, Q1 2016 and Q4 2016 respectively, were fixed for three years each.Two of these vessels were fixed at a daily hire of USD 16,650 and the third vessel at a daily hire of USD 16,850, for an estimated total consideration of over USD 52 million during the three years.“The conclusion of these deals clearly highlights the extremely high standards of quality, safety and environmental procedures of DIS fleet. This is also the recognition of the level of DIS fleet management, which is able to satisfy very demanding customers,” d’Amico said.At the same time following this last deal, d’Amico has already secured time charter coverage on 12 of its total 16 newbuilding vessels (of which 8 vessels already delivered) with oil majors and refining companies, as explained, at “very profitable rates”.According to d’Amico, these long term deals clearly indicate the confidence of major market players in the strong long term fundamentals of the industry.last_img read more

More Tamil refugees return to Sri Lanka from Tamil Nadu

The UNHCR has been assisting the voluntary repatriation of Sri Lankan refugees by providing free air tickets, reintegration allowance of USD 75 per person, transport allowance of USD 19 per person and monitory non-food grant of USD 75 per family.Since 2011, already 4,799 refugees have returned to Sri Lanka. Over 64,000 are stationed in 109 welfare camps in India. Totally, over 100,000 refugees are currently in India. A group of 36 Sri Lankan Tamil refugees living in Tamil Nadu camps in India, arrived Sri Lanka today under the voluntary repatriation program facilitated by the United Nations High Commissioner for Refugees (UNHCR), the ANI news agency reported.The refugee returnees will get back to the areas where they were from in Kilinochchi, Mannar, Jaffna, Colombo, Trincomalee and Vavuniya. Minister of Prison Reforms, Rehabilitation, Resettlement and Hindu Religious Affairs D. M. Swaminathan, has had a discussion with the UNHCR and facilitated the process for the refugees to return. According to the Secretary to Ministry of Prison Reforms, Rehabilitation, Resettlement and Hindu Religious Affairs V. Sivagnanasothy, a group of 20 male and 16 female refugees returned on a Mihin Lanka Airline flight from Chennai. The Sri Lankan Government under the leadership of the President Maithripala Sirisena has encouraged the voluntary refugee returnee program on a phased out basis.Minister Swaminathan has also initiated a Cabinet paper on which livelihood assistance of maximum Rs. 100,000 to refugee returnees is provided to support the livelihood activities.Further, the provision of dry ration has been already approved for 6 months. The Ministry Secretary also informed that, the refugees who lost their houses will be provided with houses under the housing program of the Ministry. (Colombo Gazette) read more