International Seaways completed the merger with Diamond S Shipping in a $981m deal.

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.