Consolidation Key to Tankers Meeting Climate Goals: International Seaways CEO

Consolidation and partnerships between companies will be crucial for the tanker sector to keep abreast of the energy transition, said Lois Zabrocky, president and CEO of tanker firm International Seaways June 16.

The sector is under pressure from a cocktail of challenges, including not just an uncertain future for propulsion but also more immediate problems of a coronavirus-induced ceiling on oil consumption and weak freight rates…