Welcome to our dedicated page for International Seaways news (Ticker: INSW), a resource for investors and traders seeking the latest updates and insights on International Seaways stock.
International Seaways, Inc. (NYSE: INSW) operates one of the world's leading fleets for crude oil and petroleum product transportation. This page provides investors and industry professionals with centralized access to official press releases, financial announcements, and strategic developments related to INSW's global maritime operations.
Discover up-to-date information on charter agreements, fleet management initiatives, and market positioning within the energy shipping sector. Our curated news collection covers earnings reports, partnership announcements, and operational milestones for this NYSE-listed leader in crude tanker and product carrier logistics.
Key updates include developments in voyage charters, technical management partnerships, and regulatory compliance matters. Bookmark this page to stay informed about INSW's role in petroleum transportation markets and its strategic responses to evolving energy demands.
International Seaways (NYSE: INSW) reported strong Q2 2024 results with net income of $144.7 million, or $2.91 per diluted share. Adjusted net income was $118.0 million, or $2.37 per diluted share, with Adjusted EBITDA of $167.0 million. The company optimized its fleet by acquiring six eco MRs and selling three older MRs, reducing the average fleet age. INSW enhanced its balance sheet by amending senior secured debt facilities, increasing revolving credit capacity by nearly $150 million and reducing mandatory repayments. The company declared a combined dividend of $1.50 per share for September 2024, representing a 12% yield. Total liquidity was approximately $682 million as of June 30, 2024, with a low net loan-to-value of 14%.
International Seaways (NYSE: INSW) has announced it will release its second quarter 2024 results on Wednesday, August 7, 2024, before the market opens. The company will host an investor conference call at 9:00 a.m. ET on the same day. Investors can join the call using the provided dial-in numbers or listen to a live webcast from the company's website. An audio replay of the call will be available from 12:00 p.m. ET on August 7 until 11:59 p.m. ET on August 14, 2024. This announcement provides shareholders and analysts with the opportunity to review INSW's financial performance and discuss future prospects with management.
International Seaways, Inc. (NYSE: INSW) reported strong first-quarter 2024 results with net income of $144.5 million, adjusted EBITDA of $191.5 million, and total liquidity of $626 million. The Company enhanced its balance sheet, returned $1.32 per share to shareholders in dividends, and declared a $1.75 per share dividend for June 2024. They optimized their fleet, acquiring vessels and entering time charter agreements, while strengthening their financial position through debt consolidation.
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