US tanker owner International Seaways is doubling its net asset value by buying rival Diamond S Shipping.
The New York-listed company has now confirmed an all-shares deal first reported by TradeWinds earlier on Wednesday.
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International Seaways doubles value with $2bn Diamond S mega-merger
US tanker owner says all-share move for rival makes combined company the second biggest US-listed tanker owner by vessel count
31 March 2021 10:42 GMT
Updated
31 March 2021 12:30 GMT
By
in
London
