New York-listed International Seaways is beginning to see the positive impact of its 2021 Diamond S Shipping takeover as it becomes the latest owner to confirm improving rates for its aframax and clean-products tankers for bookings in the current quarter.
Time charter equivalent rates for Seaways’ fleet of 40 spot-trading MRs have jumped to $24,500 per day compared to an average of $14,000 in the first quarter, the Lois Zabrocky-led owner said in its quarterly earnings statement on Wednesday.
