Merger of International Seaways and Diamond S creates huge tanker company
International Seaways and Diamond S have agreed on a merger that will create the second largest tanker company in the US after Scorpio Tankers, with a market value of USD 2 billion and a fleet of 100 vessels.
by DAG HOLMSTAD
The hard-pressed tanker market is now leading to a greater consolidation that players in the market have long sought after.
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