Page 4 - ஜநரல் கடல் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Another shipping stock bites the dust as big tanker fleets merge The same cast of characters has been in tanker circles for years. If their company goes bust, they pop up somewhere else. Sometimes they fight with each other. Sometimes they cooperate. Occasionally, they sell their entire fleets to one another (and re-emerge after their non-competes expire). One such rare fleet deal was announced Wednesday morning: New York-based International Seaways (NYSE: INSW) will merge with Connecticut-based Diamond S Shipping (NYSE: DSSI) in an all-stock transaction, with International Seaways the surviving entity. INSW’s shares closed up 5.6% on the news, Diamond S shares 4.5%.

Greg millerCraig stevensonLois zabrockyJeff priborRobert bugbeeShipholding groupScorpio tankersInternational seawaysNew york based international seawaysConnecticut based diamonds shippingEvangelos marinaki capital product partnersProduct partnersCapital ship managementCapital linkCapital managementOverseas shipholding group