New York-listed International Seaways is selling off the six VLCCs it picked up from Belgian owner Euronav in a landmark 2018 deal in what is likely to be viewed as a move to generate liquidity in the current depressed tanker market, tanker market sources said on Monday.
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International Seaways said to be tapping $380m in cash liquidity in sale-leasebacks
Ocean Yield will pick up six ex-Euronav VLCCs with 10-year bareboats back to New York tanker owner
25 October 2021 18:41 GMT
Updated
26 October 2021 7:43 GMT
By
in
Stamford