d'Amico International Shipping S.A. (DMCOF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. This is the conference operator. Welcome and thank you for joining the D'Amico International Shipping third quarter and nine-month 2025 results web call. All participants are on listen-only mode, and after the presentation, there will be a Q&A session. At this time, I would like to turn the conference over to Federico Rosen, CFO. Please go ahead, sir. Good afternoon, everybody, and welcome to the Miko International Shipping Q3 earnings presentation. So moving straight on. To present issues? Okay. Skipping the executive summary as usual and moving straight to page 7, the snapshot of our fleet. As at the end of September, we had 31 ships, 31 product anchors, of which six LR1s, entirely owned, all owned, after we exercised purchase option on the channel to Houston, which was previously in bare boat chartered in. for 25.6 million at the very end of September. We had 19 MRs, which 17 owned, and two Bergo Charin, and we had six Andy vessels. Still a very young fleet relative to the industry average. The average age of DIS fleet was 9.7 years at the end of September against an industry average of slightly less than 14 years for MRs and 15.4 for LR1s. We increased the percentage of our eco-ships. which is now 87% of our fleet. This follows the sale of one of the Glenda vessels, the Glenda Melody, which was delivered to the buyers in July this year. Moving to the next slide. Bank debt situation, very straightforward. We had $19.6 million of bank loan repayment on schedule and bank loan repayment in the first nine months of the year. We had $5 million of repayment on one of the vessels that we sold. We expect to have $6.2 million of schedule of repayments in Q4 this year. And going to 26 and 27, we're expecting to have slightly less than $25 million of the sche...