d'Amico Tankers Limited, operating company and one of d'Amico Group's main operating subsidiaries, was incorporated in Ireland in 2001 to manage the d'Amico Group's tanker business. However, we trace the origins of our business back to 1936, when the d'Amico family founded a shipping company in Salerno, Italy. In 1952, d'Amico Società di Navigazione S.p.A., the holding company of the d'Amico Group, was established in Rome.
The d'Amico Group acquired its first tanker vessel in 1952. During the 1960s the
d'Amico Group expanded its business to include product tankers. Throughout the following decades the d'Amico Group continued to develop and expand its product tanker business. In 1987, it ordered its first two MR newbuildings, and in 1997 it ordered three additional MR newbuildings. In 2000, the d'Amico Group formulated a plan to further expand its product tanker fleet, focusing on MRs and handysize product tankers. In accordance with this expansion plan, we increased our fleet from average 7,4 to 35,9 vessels within the five-year period 2002-2006.
In order to expand our worldwide operations, we entered into strategic alliances with other major international companies involved in the shipping business. In particular, we in 2001 became partner in the Handytankers Pool, today the largest handysize product tanker pool in the world, and in 2003 we established High Pool Tankers Limited, an MR pool. During this period, we also developed and increased our marketing and commercial reach by opening new offices in Singapore in 2001 and in London in 2002. In 2005, we established a strategic alliance with Glencore - ST Shipping, that now operates as GLENDA International Management Limited.