New York-listed tanker company International Seaways announced the sale or sale agreements of five vessels for aggregate proceeds of around $185m, net of commissions and fees.
The shipowner has sold or sealed agreements to sell the oldest vessels in the company’s fleet portfolio since the start of the year. The vessels involved are three MRs with an average age of 18 years and two VLCCs with an average of 15 years.
The company said it expects to close these transactions during the first quarter of 2026 and recognize gains from the vessel sales of approximately $65m.
Currently, New York City-headquartered International Seaways owns and operates a fleet of 73 vessels, including 12 VLCCs, 13 suezmaxes, five aframaxes/LR2s, 11 LR1s (including four newbuildings), and 32 MR tankers.
Earlier this week, the company announced the acquisition of the sole ownership of Tankers International, a shipping pool founded in 2000, providing commercial and administrative management of VLCC tonnage.
At the same time the London-based VLCC pool Tankers International announced the formation of a new pool to commercially manage suezmaxes, with International Seaways contributing its spot trading suezmaxes to such new pool.
With the formation of a new pool, International Seaways, who acquired sole ownership of Tankers International, will add their spot trading suezmaxes to Tankers International’s long-standing platform.
