International Seaways (INSW) Announces Contract to Build Three Dual-Fuel LNG VLCCs
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International Seaways Announces Contract to Build Three Dual-Fuel LNG VLCCs
March 11, 2021 6:33 AM ESTVessels to Enter Seven-Year Time Charters With Shell Upon Delivery in 2023
NEW YORK--(BUSINESS WIRE)-- International Seaways, Inc. (NYSE: INSW) (the Company or INSW), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets, today announced that it has entered into an agreement to build three dual-fuel LNG VLCCs. The three vessels will be constructed at leading South Korean shipyard DSME and are expected to deliver in 2023.
Upon delivery, the three vessels will commence seven-year time charters... More
