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INTERNATIONAL SEAWAYS TO INSTALL SCRUBBERS TO SEVEN VLCCs

Wednesday, September 26, 2018 

International Seaways, one of the world’s largest tanker companies, has signed contracts with Norway’s Clean Marine for the supply and installation of its exhaust gas cleaning system to seven VLCCs, with an option for a further three systems. The scrubbers are due to be installed prior to January 2020.

“Following significant economic analysis and evaluation of different systems, we are pleased to have executed contracts to install scrubbers on a large portion of our VLCC fleet,” said Lois Zabrocky, President and CEO of International Seaways.

“We believe that by installing scrubbers on our largest ships, we will gain an economic advantage while further demonstrating a commitment to the environment as we did with our recent acquisition of highly efficient VLCCs. In addition to being well positioned to capitalize on a market recovery based on International Seaways’ sizeable high-quality fleet, our scrubber initiative also strengthens the Company’s ability to take advantage of a potential strong tanker market resulting from the IMO regulations, as both crude and product tankers stand to benefit from increased transportation demand.”

International Seaways operates a fleet of 52 vessels, including 14 VLCCs, two Suezmaxes, seven Aframaxes/LR2s, 11 Panamaxes/LR1s and 12 MR tankers.

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