International Seaways eyes signs of improvement for hard-pressed sector

Newly merged tanker carrier International Seaways reports a significant decline in the second quarter, but CEO points to positive long-term fundamentals for the hard-pressed sector.

Photo: PR / Diamond S Shipping

International Seaways, which completed its large-scale merger with tanker company Diamond S Shipping in July, is optimistic about the prospects for the hard-pressed market after a significant decline in the second quarter.

The company, now the largest tanker carrier listed on the New York Stock Exchange, went into the red with a net deficit of USD 18.7 million in the second quarter against a profit of USD 64.3 million in the same quarter last year.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Trial banner

Latest news

See all jobs