International Seaways chief executive Lois Zabrocky says the tanker owner is considering potential acquisitions as values remain at lows not seen since 2013. Yet financing remains a challenge for shipping as public markets are closed to new shipping finance and bank lending remains scarce.
“At some point, we think it’s going to be the right time to invest in the sector,” Zabrocky said during a panel at the Hellenic-Norwegian Shipping Conference in New York.
