Qatar Gas Transport Company Limited acquired 49.9% stake in OSG Nakilat Corporation from International Seaways, Inc. for approximately $120 million.
October 06, 2019
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Qatar Gas Transport Company Limited (Nakilat) (QPSC) (DSM:QGTS) acquired 49.9% stake in OSG Nakilat Corporation from International Seaways, Inc. (NYSE:INSW) for approximately $120 million on October 7, 2019. The transaction will be funded through Qatar Gas Transport Company's internal capital structure funding.
Qatar Gas Transport Company Limited (Nakilat) (QPSC) (DSM:QGTS) completed the acquisition of 49.9% stake in OSG Nakilat Corporation from International Seaways, Inc. (NYSE:INSW) on October 7, 2019.
International Seaways, Inc. is a tanker company engaged in providing energy transportation services for crude oil and petroleum products in international flag markets. The Company operates through two segments: Crude Tankers and Product Carriers. The Crude Tankers segment is made up of a fleet of VLCCs, Suezmaxes, and Aframaxes engaged in the worldwide transportation of crude oil. This segment also includes its Crude Tankers Lightering business through which it provides ship-to-ship (STS) lightering support services and full-service STS lightering to customers in the United States Gulf (USG), United States Pacific, Grand Bahama, and Panama regions. The Product Carriers segment consists of a fleet of MRs, LR1 product carriers, and an LR2 product carrier engaged in the worldwide transportation of refined petroleum products. It owns and operates a fleet of about 77 vessels, including 13 VLCCs, 13 Suezmaxes, five Aframaxes/LR2s, 11 LR1s, of which four are new buildings, and 35 MR tankers.
INTERNATIONAL SEAWAYS, INC. 
