SEPTEMBER 26, 2018 — International Seaways, Inc. (NYSE: INSW) has signed contracts with Clean Marine AS of Norway and a qualified system installer covering the purchase and installation of exhaust gas cleaning systems on seven of its modern VLCCs, with an option for a further three systems covering the remaining three modern VLCCs in its fleet.
The seven scrubbers are all to be installed prior to January 1, 2020, when the 0.5% IMO sulfur emission cap goes into effect.
The seven scrubber units are...