d'Amico International Shipping S.A. (DMCOF) Q2 2026 Earnings Call Transcript

SA Transcripts 161.42K Followers Follow d'Amico International Shipping S.A. ( DMCOF ) Q2 2026 Earnings Call July 30, 2026 8:00 AM EDT Company Participants Federico Rosen - Chief Financial Officer Antonio Carlos Balestra Mottola - CEO, Chief Risk Officer & Executive Director Conference Call Participants Massimo Bonisoli - Equita SIM S.p.A., Research Division Arianna Terazzi - Intesa Sanpaolo Equity Research Presentation Operator Good afternoon. This is the conference operator. Welcome, and thank you for joining the Damico International Shipping Second Quarter and First Half 2026 Results Web Call. [Operator Instructions] At this time, I would like to turn the conference over to Mr. Federico Rosen, CFO. Please go ahead, sir. Federico Rosen Chief Financial Officer Good afternoon, and welcome to our earnings call for Q2 and H1 2026 results. As usual, I'll skip the executive summary and go straight to Page 7. Snapshot of our fleet as at the end of June 2026. We have 28 ships on the water, six LR1s, 16 MRs and six Handys. We also have, as you know, 10 ships currently under construction, four LR1s scheduled for delivery in 2027 in the second half of next year, four MRs, MRs MR2s also called and two Handys that are scheduled for delivery in 2029. Modern fleet, 9.9 average years. And moving to the next page. This is our situation on the bank debt front. In H1 '26, in line with our strategy, with our financial strategy that we discussed several times in our previous calls, we kept on voluntarily prepaying some of our existing debt. And we -- for $45.8 million actually in the first half of the year. And we drew down new facilities at a considerably lower cost of debt, taking advantage also of our enhanced credit merit. And also, we also -- we have some facilities which were coming to maturity in 2027, which