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International Seaways announces contract to install scrubbers

Sep. 25, 2018 6:07 AM ETInternational Seaways, Inc. (INSW) StockBy: Niloofer Shaikh, SA News Editor
  • International Seaways (NYSE:INSW) has signed contracts with Clean Marine AS of Norway and a qualified system installer for the purchase and installation of exhaust gas cleaning systems (“scrubbers”) on seven of its modern VLCCs, with an option for a further three systems covering the remaining three modern VLCCs in its fleet, to be installed prior to January 1, 2020, when the new 0.5% IMO sulfur emission cap goes into effect.
  • The seven scrubber units are intended to be funded with available liquidity.

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