International Seaways acquires sole ownership of Tankers International; forms Suezmax pool

International Seaways, Inc.

Wholly-owned subsidiary acquired sole ownership of Tankers International, a leading VLCC pool founded in 2000.
Tankers International formed a new pool to commercially manage Suezmax vessels.
International Seaways will contribute its spot trading Suezmaxes to the new Suezmax pool.
The expansion aims to provide greater flexibility and earnings potential across crude transportation markets.
CEO Lois Zabrocky cited highly attractive opportunities and a clear strategy for future growth.

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