US tanker owner International Seaways has contracted two LR1 product carrier newbuilds for construction at South Korea’s K Shipbuilding.
The New York-listed company, which owns and operates a fleet of 75 vessels, is paying around $115m for the duo, which is expected to deliver from the yard formerly known as STX Offshore & Shipbuilding in late 2025.
The scrubber-fitted and LNG-ready ships will join the company’s niche, Panamax International Pool.
The order was announced in International Seaways’ second-quarter earnings report, which saw a $154m net income, up from $69m same time last year.
