New York-listed International Seaways is expecting "double-digit returns" on its VLCC newbuilding project with Shell as it begins to explore "myriad" financing options.
That assessment came from chief financial officer Jeffery Pribor on Friday as part of the shipowner's quarterly earnings conference call. The discussion's question-and-answer session with analysts was dominated by queries about the LNG dual-fuel project.
Pribor revealed that International Seaways will have an equity requirement of only about $30m in the current year and likely only $50m overall on the $290m project because of expected...
