International Seaways on track for Diamond cost 'synergies'

New York-listed diversified tanker owner International Seaways is on track to realise post-merger financial synergies both on the cost and revenue sides following the completion of its July takeover of Diamond S Shipping.

That assessment comes from B Riley FBR analyst Liam Burke after completing a non-deal roadshow with the New York company, and just after Seaways confirmed to TradeWinds that it will be cutting some positions among legacy Diamond S staffers.