International Seaways Announces Sale of Vessels

NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the "Company,†"Seaways,†or "INSW†), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, announced today that since the start of the year, it has sold or entered into agreements to sell five vessels for aggregate proceeds of approximately $185 million, net of commissions and fees. The vessels are among the oldest in the fleet, consisting of three MRs with an averag ...