INSW

AcronymDefinition
INSWIndonesia National Single Window (Indonesian commerce program)
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Following the closing of the transaction, INSW will reduce the average age of its fleet by over two years while expanding the size of its fleet by 30% on a DWT basis.
INSW said it intends to fund the transaction with a combination of available liquidity, the assumption of all or part of the debt currently secured by the vessels and/or new third-party financing.
INSW said the positions the company to further increase its earnings power and industry leadership, and represents progress it has made in implementing fleet growth and renewal strategy.