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International Seaways Looking Into Fleet Renewal Opportunities

October 6, 2017

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US-based tanker shipping company International Seaways is reviewing investment opportunities aimed at bolstering its fleet.

“For us, as a new company, to come out on the market during a time when asset values are at their lowest in decades is quite positive. We really look at it as a time for us to be able to renew the fleet,” Lois Zabrocky, President & CEO of International Seaways, said while speaking at the 10th Annual Shipping, Marine Services & Offshore Forum in London.

According to Zabrocky, the company is not looking for newbuildings, but is making moves steadily, eyeing opportunities in the second-hand market.

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