International Seaways’ plunge into the LNG dual-fuel tanker market in 2021 has helped lay the groundwork for its new order of two LR1 tankers in South Korea.
Chief executive Lois Zabrocky shared details of its newbuilding plans — first reported by TradeWinds on Tuesday — in an interview following release of second-quarter earnings on Wednesday.
Zabrocky confirmed that the Manhattan-based owner is taking two scrubber-fitted, dual-fuel LR1s from South Korean yard K Shipbuilding at a total cost of $115m, with delivery scheduled for 2025.
