Milan–listed DIS revealed the idea as it presented a fourth quarter adjusted profit of $4.4m today.

Chief executive Marco Fiori tells TradeWinds the ships concerned are the 36,000-dwt Cielo di Salerno (built 2002) and one of the older medium range (MR) tankers, which he did not name.

“We are in a position where we do not have to push ships,” Fiori said, adding that the company’s older vessels were all for sale “at the right price”.