M&A Deal Summary |
|
|---|---|
| Date | 2021-03-31 |
| Target | Diamond S Shipping |
| Sector | Marine |
| Buyer(s) | International Seaways |
| Deal Type | Merger |
| Advisor(s) | Moelis & Co. (Financial) White & Case Seward & Kissel (Legal) |
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| Category | Company |
|---|---|
| Founded | 1999 |
| Sector | Transportation |
| Employees | 2,899 |
| Revenue | 952M USD (2024) |
International Seaways provides energy transportation services for crude oil and petroleum products in International Flag markets. International Seaways owns and operates a fleet of 56 vessels, including one ULCC, nine VLCCs, two Suezmaxes, eight Aframaxes/LR2s, 12 Panamaxes/LR1s and 18 MR tankers. International Seaways was founded in 1999 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Marine M&A | 2 of 2 |
| Type: Merger M&A Deals | 1 of 1 |
| State: Connecticut M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2021 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-12-21 |
Euronav NV - Six VLCCs
Antwerpen, Belgium Euronav NV - Six VLCCs include five 2016-built VLCCs and one 2015-built VLCC, each constructed at Shanghai Waigaoqiao Shipbuilding Co., and are expected to be delivered to the Company in the second quarter of 2018. In connection with the transaction, the Company intends to assume the debt currently secured by the acquired vessels, which consists of a $311 million credit facility, maturing between 2027 and 2028, and carrying a fixed annual interest rate of LIBOR plus 2.0%. |
Buy | $434M |
