In this Capital Link Deep Dive Podcast episode, Mr. Massimo Bonisoli, Senior Equity Analyst from Equita welcomed Mr. Carlos Balestra di Mottola, CEO of d'Amico International Shipping S.A. (Borsa Italiana: DIS), who provided an overview of the company's fleet composition, financial performance, and strategic investments. Mr. di Mottola discussed market dynamics and challenges, including the impact of geopolitical factors such as sanctions and trade flows, while highlighting the company's approach to market exposure and risk management. The discussion concluded with an analysis of current market conditions, trade flow disruptors, and the implications of U.S. trade fees on shipbuilding capacity and global fleet growth. Τo watch the full conversation, please visit the following link: https://www.youtube.com/watch?v=vxQCmT1hSQs Discussion Highlights • Heavy investment in modernizing fleet, committing $920 million to acquire 22 eco-designed vessels from 2014-22 • Deleveraged, cutting net financial position to fleet market value ratio from 73% to 10% from 2018-24 despite prolonged 2009-21 downturn. • Stock trades at 55% discount to NAV and 40% discount to book value • Returned $137 million in dividends & $17 million in share buybacks since 2022 with 40% payout ratio in 2024. • Exercised purchase options on six time-chartered vessels, acquired 50% stake in joint venture with Glencore Group gaining control of four vessels, & ordered four new LR1s for delivery in 2027 for total investment of $453 million • China’s naphtha demand drives up freight rates in Southeast Asia and the Middle East