In the first quarter of this year, the decline in the economic results of the d'Amico company International Shipping (DIS) having recorded revenues in the period Base Time Charter of $62.9 million, down -39.6% on the first three months of 2024. Ebitda is 43.4 million (-54.8%), operating profit of 21.7 million (-64.0%) and net income of $18.9 million (-66.5%). Referring to the value of the net economic result, the director financial officer of the company, Federico Rosen, pointed out that " However, this is a solid result, reflecting the continued resilience of the product tanker market, despite a complex and rapidly evolving macroeconomic and geopolitical issues".

The company's CEO, Carlos Balestra of Mottola, said that it was "another highly profitable quarter for DIS. Although the results do not have reached the exceptional levels recorded in the same period of the previous year - he explained - continue to reflect the strength of the product tanker market in the top three months of 2025". "DIS - he continued - has continued to benefit from favourable market conditions, supported by persistent disruptions in trade flows, from a growth in fleet and an evolution in transport routes of oil. The diversion of ships around Cape de Buona Hope, caused by hostilities in the Strait of Bab-el-Mandeb, and European sanctions on Russian oil, have changed global trade routes, increasing distances travel averages and supporting demand measured in ton-miles. Although fundamentals have recently been less bright due to temporary factors, such as shrinking of Chinese crude oil imports and the decline in the margins of refining, freight rates remain well above average historical ones".

"Looking to the future," noted Balestra di Mottola despite the presence of potential peace agreements in Ukraine and Gaza that could reduce the average distances travelled, we believe that a limited fleet growth, the structural reconfiguration of Some trade flows and regulatory pressures will continue to support the market. Also a return to normality in the transits of the Suez Canal or the possible lifting of sanctions on the Russia would be offset by factors such as the increase in European imports from Asia and the Middle East, or the scrapping of of obsolete tonnage belonging to the so-called "shadow fleet". In addition, stricter restrictions imposed by the U.S. on Iranian oil exports could redistribute flows to producers not subject to such sanctions, supporting the demand for VLCC, with positive effects on other types of tankers'.

Regarding the measures announced by Donald Trump to tax Chinese ships that land in the USA, Balestra di Mottola has specified that DIS welcomes "the recent clarification from the U.S. Trade Representative (U.S. Trade Representative), on the proposal to introduce tariffs port ports for ships built in China. The measure - he clarified - is now more targeted, applying only to construction ships who make physical calls at US ports, with exemptions provided for those in ballast and for units above below certain size limits. Since DIS does not currently operates no tanker built in China and the Most of our units are within the limit of Exemption of ≤55,000 DWT, we do not foresee any impact to us. A further exemption for ships with a carrying capacity at the 80,000 dwt or less could also extend to tankers, effectively exempting even our LR1s under construction. In the medium term, this regulation could strengthen the market fundamentals, discouraging new orders from Chinese shipyards, which today account for a of the global construction capacity".