A deal with a private US-based financier was instrumental in International Seaways’ surprise recovery from a liquidity shortfall in yesterday’s six-VLCC purchase from Euronav, TradeWinds understands.
Seaways’ recruitment of the private investor at the 11th hour essentially made up for a disappointment in late May when the New York owner’s management team had hoped to raise just under $50m after expenses from a bond issue, but pulled in only $25m gross and $23.5m
