International Seaways is refreshing its tanker fleet and teaming up with partners to smooth out the ups and downs of oil shipping, while betting that growing Asian fuel needs keep ships busy. But big shifts toward cleaner energy, tougher environmental rules, and heavy exposure to spot-market oil cargoes could still make results swing sharply.Read more
International Seaways may look like a steady oil-shipping business today, but cleaner energy and tougher pollution rules could squeeze demand and raise costs over time. At the same time, a newer fleet, a strong balance sheet, and shifting trade routes could help it hold up better than bears expect.Read more
Key Takeaways Expanding trade routes and tightening global vessel supply are set to boost tanker utilization, charter rates, and long-term earnings potential. Fleet modernization and strong financial flexibility position the company to capitalize on environmental regulation shifts and market opportunities.Read more
International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. The company operates in two segments: Crude Tankers and Product Carriers. It operates fleet of 70 vessels of VLCCs, Suezmaxes, and Aframaxes, as well as MRs, LR1, and LR2 product carrier. The company provides ship-to-ship (STS) lightering support services, such as hoses and fenders; and full-service STS lightering that includes lightering vessels. It also offers MR product carriers, including IMO III compliant for carrying edible oils, such as palm and vegetable oil, increasing flexibility when switching between cargo grades. The company serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. International Seaways, Inc. was incorporated in 1999 and is headquartered in New York, New York.
