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17 May 2021 The on-line newspaper devoted to the world of transports 01:43 GMT+2

March 31, 2021

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Fusion of the Americans International Seaways and Diamond S Shipping

The new society will have a fleet of 100 tankers

The societies American owners of a shipping company International Seaways (INSW) and Diamond S Shipping, both engaged in the segment of the marine liquid bulk transport, have announced their fusion that will create to a company with more than 2.200 dependent, a fleet of 100 ships and annual revenues of beyond a billion of dollars. As a result of the operation, put into effect with a public offer of exchange of the value of about 416 million dollars, the shareholders of INSW and Diamond S will have the property respective of 55.75% and of 44.25% of the new society.

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