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International Seaways (INSW) unloads five tankers for about $185M in net proceeds

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

International Seaways, Inc. reported that since the start of the year it has sold or agreed to sell five tankers, consisting of three MR tankers and two VLCC tankers. These vessel sales are expected to generate aggregate proceeds of approximately $185 million, net of commissions and fees, according to a press release furnished as an exhibit.

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Insights

International Seaways is monetizing five tankers for about $185 million in net proceeds.

International Seaways states it has sold or agreed to sell five vessels, specifically three MR tankers and two VLCC tankers. The company expects aggregate proceeds of approximately $185 million net of commissions and fees, indicating a sizable asset disposition in the current year.

The filing does not describe intended uses for these proceeds, such as debt reduction, fleet renewal, or shareholder returns, so the economic impact depends on subsequent capital allocation choices. It does, however, confirm that the transactions are advanced enough to be disclosed publicly.

Further detail is referenced in the attached press release dated January 29, 2026. Future company disclosures may clarify how this roughly $185 million of net proceeds is deployed across the balance sheet, fleet strategy, or corporate initiatives.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

                            January 29, 2026                            

Date of Report (Date of earliest event reported)

 

International Seaways, Inc.

(Exact Name of Registrant as Specified in Charter)

 

            1-37836-1            

Commission File Number

 

Marshall Islands   98-0467117
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification Number)

 

600 Third Avenue, 39th Floor

                   New York, New York 10016                   

(Address of Principal Executive Offices) (Zip Code)

 

Registrant’s telephone number, including area code (212) 578-1600

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:  

 

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Symbol Name of each exchange on which registered
Common Stock (no par value) INSW New York Stock Exchange
Rights to Purchase Common Stock N/A New York Stock Exchange

 

 

 

 

 

Section 7 – Regulation FD

 

Item 7.01Regulation FD Disclosure.

 

The following information, including the Exhibit to this Form 8-K, is being furnished pursuant to Item 7.01 — Regulation FD Disclosure of Form 8-K. This information is not deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 and is not incorporated by reference into any Securities Act of 1933 registration statements.

 

On January 29, 2026, International Seaways, Inc. (the “Company”) issued a press release announcing that, since the start of the year, it has sold or entered into agreements to sell five vessels, consisting of three MR tankers and two VLCC tankers, for aggregate proceeds of approximately $185 million, net of commissions and fees (attached hereto as Exhibit 99.1).

 

Section 9 – Financial Statements and Exhibits

 

Item 9.01Financial Statements and Exhibits.

 

(d) Exhibits

 

Pursuant to General Instruction B.2 of Form 8-K, the following exhibit is furnished with this Form 8-K.

 

Exhibit No.   Description
     
99.1   Press Release dated January 29, 2026.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  INTERNATIONAL SEAWAYS, INC.
  (Registrant)
       
Date: January 29, 2026 By   /s/ James D. Small III
    Name: James D. Small III
    Title: Chief Administrative Officer, Senior Vice President, Secretary and General Counsel

 

 

 

 

EXHIBIT INDEX

 

Exhibit No.  Description
99.1 Press Release dated January 29, 2026.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

FAQ

What did International Seaways (INSW) announce in its latest 8-K filing?

International Seaways announced it has sold or agreed to sell five tankers, including three MR tankers and two VLCC tankers. These transactions are expected to generate approximately $185 million in aggregate proceeds, net of commissions and fees, according to a furnished press release.

How much cash will International Seaways (INSW) receive from its recent vessel sales?

International Seaways expects to receive aggregate proceeds of approximately $185 million from selling or agreeing to sell five tankers. This amount is stated net of commissions and fees, indicating it reflects the company’s estimated cash inflow from these asset transactions.

How many vessels is International Seaways (INSW) selling, and what types are they?

International Seaways disclosed it has sold or entered agreements to sell a total of five vessels. The group consists of three MR tankers and two VLCC tankers, representing both medium-range and very large crude carrier segments within the company’s tanker fleet.

When did International Seaways (INSW) announce the sale of these five tankers?

International Seaways announced the vessel sale activity in a press release dated January 29, 2026. The 8-K states that, since the start of the year, the company has sold or agreed to sell five tankers for approximately $185 million in net proceeds.

Where can investors find more details on International Seaways’ (INSW) tanker sale transactions?

Further details are contained in a press release furnished as Exhibit 99.1 to the 8-K. That document, dated January 29, 2026, is referenced as describing the sale or agreements to sell five tankers for about $185 million in net proceeds.

Does the International Seaways (INSW) 8-K indicate how sale proceeds will be used?

The 8-K excerpt states only that approximately $185 million in aggregate proceeds, net of commissions and fees, will result from selling five tankers. It does not describe specific uses of these funds within the provided text portion.
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