International Seaways is on the verge of an innovative tanker swap with South Korean shipowner Sinokor Merchant Marine, market sources say.
Brokers on both sides of the Atlantic told TradeWinds that New York-listed Seaways is swapping a pair of older VLCCs for MR product tankers. Sources described the transaction as a done deal.
Seaways declined to comment when contacted by TradeWinds on Thursday.
