Idan Ofer joins John Fredriksen as major investor in International Seaways

Idan Ofer is the latest big name in shipping to buy into New York-listed tanker owner International Seaways.

Ofer, via his investment vehicle EPS Ventures, has taken a 5.05% stake in the Lois Zabrocky-led tanker outfit, documentation from the US Securities and Exchange Commission (SEC) shows. 

Ofer joins John Fredriksen in buying into the American tanker player. 

Fredriksen, via various of his investment vehicles, emerged as International Seaways’ largest shareholder this April, forcing top management of the New York-based tanker firm to adopt so-called poison pill tactics, as such a shareholder rights plan to fight a takeover.

The share price of International Seaways has more than doubled so far this year, closing yesterday at $36.07. 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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