Operator

Good afternoon. This is the conference operator. Welcome, and thank you for joining the d'Amico International Shipping First Quarter 2026 Results Web Call. [Operator Instructions] At this time, I would like to turn the conference over to Mr. Federico Rosen, CFO. Please go ahead, sir.

Federico Rosen
Chief Financial Officer

Hello. Good afternoon, everybody, and welcome to our earnings call. So jumping, as usual, to our Slide #7, nexus of our fleet. At the end of March '26, we had 29 vessels on the water, which that's 27 towing and 2 that were charter. We actually, as you know, sold one of the ships and we delivered her to buyers on the 24th of April, so now the ships on the water are 28. On top of that we have 10 vessels under construction. 4 LR1s with expected delivery in 2027, 4 MRs with expected delivery in 2029 and 2 Handys with expected delivery in 2029 as well. Average age of our fleet at the end of our period was 9.8 years. 93% of the fleet was eco-designed at the period end. And our percentage rose to 96% after the stage of the high price.

And moving to the next slide, on the net debt front we kept on executing our strategy of gradually repaying some of our most expensive debt and refinancing a portion of that with a new facility at a