The man who steered International Seaways and predecessor Overseas Shipholding Group (OSG) for a decade following its bankruptcy reorganisation is stepping aside as board chairman.
New York-listed Seaways announced on Monday that Douglas Wheat has opted to resign with immediate effect, but in a way that reflects no disagreement with the company.
He will be replaced by Seaways director and longtime OSG stalwart Ian Blackley, who has been with the two companies for a combined 33 years.
