Following the completion of the transaction, International Seaways is now the second-largest U.S.-listed tanker company by vessel count with over 100 vessels and the third-largest by deadweight, aggregating approximately 11.3 million dwt.
As informed, the combined company will continue to operate as International Seaways and trade on the New York Stock Exchange under the symbol INSW.
International Seaways expects to achieve cost synergies in excess of $23 million and revenue synergies of $9 million, which are expected to be fully realizable within 2022.
