Italy’s d’Amico International Shipping (DIS) has confirmed the sale of its last old product carrier in a $9.2m transaction.

The Milan-listed owner said the disposal of the 47,000-dwt MR vessel High Priority (built 2005) will generate $7m in cash after paying commissions and clearing the loan on the tanker.

The DIS fleet now comprises 36 double-hulled LR1, MR and handysize ships, with an average age of 6.6