International Seaways picks up modern VLCC as it sheds six ageing product tankers

US tanker owner International Seaways has snapped up a modern VLCC while disposing ageing product carriers. The New York-listed firm said in its quarterly earnings report it had struck a deal to buy an unnamed 2020-built scrubber-fitted supertanker for $119m. The purchase, expected to close in the fourth quarter, will be funded by proceeds from …