Italy's d’Amico International Shipping (DIS) has announced the death of board director Heinz Peter Barandun.

The tanker owner said it was deeply saddened by the veteran shipping banker's death.

Barandun joined the company in 2009 as an independent director.

Paolo d’Amico, DIS chairman and CEO, said: “It is with great sadness that I announce today the passing of Heinz Barandun.