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‘Cowardly to send our vessels through’ Hormuz despite huge profits says d’Amico’s di Mottola

  • Chief executive prioritises crew safety, choosing to focus on emerging routes from the Hormuz fallout
  • India’s general license to import Russian crude oil will help to alleviate supply concerns. But it could create a ‘perverse incentive for Russia to continue supporting Iran to fight war’
  • The clean tanker owner sees a potential rise in tonnage from the war that can contribute to a better rest of the year for tanker owner

Red Sea refined product loadings are set to increase while avoiding Bab el Mandeb, says di Mottola in an interview with Lloyd’s List after d’Amico’s FY2025 earnings release

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