d’Amico International Shipping (DIS) is seeking to slowly raise its time charter coverage while continuing its tanker fleet renewal efforts.

Milan-listed DIS presently has contract coverage below 50% and plans to increase that figure. “We are not in a hurry,” said chief executive Marco Fiori.

“Slowly now it’s in our nature and our culture to start covering.”

Fiori was speaking after the owner reported a first quarter profit of $7.2m,