Crude and products tanker company International Seaways posted a solid third-quarter net income of $14 million compared to a net loss of $11 million during Q3 2019, as the company continued to benefit from strong VLCC time charter contract coverage concluded during March through May, when pandemic oil market economics prompted significant demand for floating …

The post International Seaways capitalizes on strong period tanker market, despite Q4 destocking first appeared on Hellenic Shipping News Worldwide.