Italy's d’Amico International Shipping (DIS) will book all the proceeds of its latest tanker sale as profit tanker for pure profit as it focuses on offloading tonnage with no mortgages attached.

The company said operating subsidiary d’Amico Tankers, based in Ireland, had agreed to dispose of the 39,000-dwt Cielo di Guangzhou (built 2006) for $8.8m to an undisclosed buyer.

VesselsValue assesses the ship as worth just over $10m.