V., the global ship manager and marine services provider, has been awarded the full technical and crew management of six scrubber-fitted, dual-fuel (LNG) ready LR1 vessels by International Seaways, Inc.
The contract further strengthens V.’s long-standing partnership with INSW in which V.Ships UK already manages 44 vessels in the INSW fleet, spanning VLCCs, Suezmax, Aframax, Panamax (LR1) and MR vessels.
The six LR1 vessels, currently under construction at K Shipbuilding Co., Ltd. in South Korea, will be delivered over a 12-month timeframe, starting in the third quarter of 2025. The vessels stand out for their dual-fuel (LNG) ready capability, positioning them at the forefront of the industry’s drive towards more sustainable shipping operations.
Commenting on the contract win, René Kofod-Olsen, Chief Executive Officer, V.Group, said: “We are delighted to further expand our relationship with International Seaways through this significant new contract. Our decade-long partnership with INSW is built on open and transparent collaboration, and this contract win is testament to the value we deliver through our comprehensive ship management and marine services.”
Shubpreet Singh, Senior Managing Director, V.Ships UK, added: “We are excited to be strengthening our relationship and further growing our INSW fleet. These dual-fuel ready vessels represent the future of shipping, and we’re proud to be entrusted with their management from the moment they leave the shipyard.”
William Nugent, Chief Technical and Sustainability Officer, International Seaways, commented: “This contract reinforces our long-standing collaboration with V., and recognises their position in managing advanced, environmentally progressive vessels. We are looking forward to the experienced V. team applying their expertise to these state-of-the-art vessels, ensuring they operate at the highest standards of safety, efficiency and compliance from day one.”
The agreement represents another milestone in V.’s growth strategy and highlights the company’s commitment to supporting shipowners in their transition towards more sustainable and efficient vessel operations. V.’s proven track record in managing diverse vessel types positions it well to be the partner of choice for forward-thinking shipping companies across a range of market segments.
Source: V.
