Announced
Completed
Financials
Tags
Marine Transportation
United States
Acquisition
Single Bidder
Merger
Marine Shipping
Majority
Domestic
Public
Friendly
Completed
Private Equity
Synopsis
International Seaways, one of the largest tanker companies worldwide, completed the merger with Diamond S Shipping, an owner and operator of crude oil and product tankers, in a $981m deal. “We are pleased to complete this transformational and highly accretive transaction, solidifying our position as a diversified tanker sector bellwether. As we integrate the combined company, our focus will remain on further executing our balanced and accretive capital allocation strategy, while upholding our best-in-class ESG track record and continuing to deliver safe and efficient transportation of energy cargoes for our world-class customers. We welcome the newest members of our team and look forward to working together to create lasting value for all stakeholders," Lois Zabrocky, INSW President and CEO.
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