Federico Rosen
Chief Financial Officer
Replay available
d'Amico International Shipping S.A. (DMCOF) Q1 2025 Earnings Call
d'Amico International Shipping S.A. (OTC: DMCOF) Q1 2025 earnings conference call, held 2025-05-09. Replay captured from the company's public earnings webcast.
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Replay transcript excerpt
WEBVTT 00:00:00.537 -- 00:00:04.462 Good afternoon, this is the Chorus Call Conference operator. 00:00:04.462 -- 00:00:09.809 Welcome and thank you for joining the D'Amico International Shipping first quarter 2025 00:00:09.809 -- 00:00:14.896 results web call. All participants are on listen-only mode and after the 00:00:14.896 -- 00:00:20.003 presentation there will be a Q&A session. At this time I would like to turn the conference 00:00:20.003 -- 00:00:24.854 over to Federico Rosen, CFO. Please go ahead, sir. 00:00:24.854 -- 00:00:29.398 Hello everyone and welcome to the MIGO International Shipbuilding Conference call presentation 00:00:29.398 -- 00:00:31.999 for Q1 2025. 00:00:33.242 -- 00:00:35.724 Sorry, let me 00:00:35.724 -- 00:00:37.944 finish the presentation. 00:00:43.091 -- 00:00:47.574 So as usual, I'll skip the executive summary. 00:00:48.396 -- 00:00:53.002 Snapshot of the fleet as at the end of March 2025. 00:00:53.002 -- 00:00:57.066 The Amico International Shipping had 32 ships, 00:00:57.066 -- 00:01:02.452 32 for the tankers, of which 28 were owned, three were variable 00:01:02.452 -- 00:01:07.577 chartered, and one was time chartered. As we speak, one of the 00:01:07.577 -- 00:01:09.098 vessels, 00:01:09.098 -- 00:01:15.303 the only vessel that is time chartered in, that was time chartered in at the end of March, 00:01:15.305 -- 00:01:19.989 was actually exercised. The purchase option on this vessel was exercised, so now it's 00:01:19.989 -- 00:01:23.353 an owned vessel. Still 00:01:23.353 -- 00:01:26.194 young fleet, 9.4 00:01:26.298 -- 00:01:30.885 years of average age against an industry average of 14.1 00:01:30.885 -- 00:01:36.654 years for MRs and 15.7 years for RO1s. 84% of 00:01:36.654 -- 00:01:42.160 our fleet is eco-design against an indust...