Every 8-K that International Seaways (INSW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow INSW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full INSW filings page.
International Seaways, Inc. reported exceptionally strong second quarter 2026 results, highlighted by record profitability and cash generation. Net income for the quarter was $295 million, or $5.91 per diluted share, compared with $62 million, or $1.25 per diluted share, a year earlier. Shipping revenues rose to $467 million from $196 million, driven by materially higher time charter equivalent (TCE) revenues from both crude and product tankers, with spot earnings up about $51,500 per day across the fleet.
Adjusted EBITDA reached $345 million versus $102 million in the prior-year quarter, and free cash flow for the quarter was $260.7 million$1 billion of liquidity” and one of the strongest balance sheets in the industry. The Board declared a $5.05 per share quarterly dividend payable September 24, 2026, after paying $4.55 per share in June and $6.70 per share for the first half of 2026, continuing a policy of returning at least 85% of adjusted net income to shareholders.
The company is also executing a fleet optimization strategy. It contracted four additional scrubber-fitted, dual-fuel ready LR1 newbuilds in Korea for $244 million in aggregate, to be financed with long-term debt and liquidity, and has six LR1 newbuilds under a separate $359 million program with $73 million remaining to be drawn under an export credit facility. As of August 1, 2026, the fleet totaled 70 vessels, with future contracted time charter revenues of about $240 million.
International Seaways, Inc. reported results of its 2026 annual stockholders meeting and approved several executive and director compensation changes. Stockholders elected nine directors and ratified Ernst & Young LLP as auditor for 2026, with 44,669,718 shares voting for auditor ratification.
Shareholders approved, on an advisory basis, 2025 compensation for named executive officers and ratified the Second Amended and Restated Rights Agreement. The company had 49,504,696 shares outstanding on the record date, with 44,769,310 shares represented at the meeting, equal to 90.43% of shares entitled to vote.
The board increased base salaries for senior leaders, including CEO Lois Zabrocky to $850,000 and CFO Jeffrey Pribor to $675,000, effective retroactively from January 1, 2026. It also raised equity target opportunities, with the CEO’s set at 400% of base salary, and enhanced cash and equity compensation for the board chair and non‑employee directors.
International Seaways, Inc. entered into a new Equity Distribution Agreement with BTIG, B. Riley Securities, Clarksons Securities and Fearnleys Securities, allowing it to sell, from time to time, up to $200,000,000 of common stock in "at the market" offerings under its existing shelf registration.
Each sales agent may earn a commission of up to 3.0% of the gross sales price, and the company may suspend or terminate the program at any time and currently has not sold or committed to sell any shares. A prior $100,000,000 at-the-market program with Evercore and Jefferies was terminated without any shares being sold.
International Seaways reported a very strong first quarter 2026 and raised its dividend sharply. Net income jumped to $286 million, or $5.75 per diluted share, from $50 million, or $1.00 per share, a year earlier, as shipping revenues rose to $325 million and TCE revenues to $317 million. Adjusted EBITDA increased to $244 million and adjusted net income to $194 million, or $3.90 per diluted share.
The Board declared a combined dividend of $4.55 per share, including a $4.43 supplemental dividend and a $0.12 regular quarterly dividend, more than double the $2.15 per share paid in March 2026. Management highlighted nearly $1 billion of liquidity, $216 million of vessel sale proceeds and $88 million of related gains, plus ongoing fleet renewal with LR1 newbuildings and expanded commercial pooling through sole ownership of Tankers International.
International Seaways, Inc. adopted a Second Amended and Restated Rights Agreement, extending its shareholder rights plan and increasing the purchase price under the plan. The rights plan now runs through April 8, 2029 and lets each right purchase one share of common stock at $95, subject to adjustment.
The plan is triggered if any person or group becomes an “Acquiring Person” by owning at least 20% of outstanding common stock, with flip-in and flip-over features that significantly dilute such acquirers. The Board can redeem the rights for $0.001 per right before a triggering event, and the agreement includes a “qualifying offer” exception for fully financed, all-holder offers that meet strict timing and approval conditions. The company expects to seek stockholder ratification of the new agreement at its 2026 annual meeting.
International Seaways, Inc. reports that on March 27, 2026 an indirect wholly owned subsidiary entered into a joinder agreement to the Company’s existing $500 Million RCF credit facility. The subsidiary becomes a subsidiary guarantor under the facility’s loan documents and pledges a VLCC tanker it owns as collateral.
The pledged VLCC serves as a Substitution Vessel, replacing assets that were previously sold or otherwise released from the collateral pool under the revolving credit facility.
International Seaways reported a very strong fourth quarter of 2025 but lower full-year results versus 2024. Fourth-quarter net income rose to $127.5 million, or $2.56 per diluted share, up from $35.8 million, or $0.72 per share, driven by higher shipping revenues of $267.9 million and TCE revenues of $260.0 million, plus gains on vessel sales and lower vessel expenses.
For fiscal 2025, net income was $309.3 million, or $6.23 per diluted share, compared with $416.7 million, or $8.38 per share, on shipping revenues of $843.3 million versus $951.6 million in 2024, reflecting softer average rates over the year. Adjusted EBITDA for 2025 was $474.7 million, down from $583.3 million.
The Board declared a combined dividend of $2.15 per share (including a $2.03 supplemental dividend) payable on March 30, 2026 to shareholders of record on March 20, 2026. Management highlighted over $1 billion of cumulative shareholder returns since 2020, continued fleet renewal, acquisition of full ownership of Tankers International, and balance sheet actions that reduced long-term debt to $541.3 million and unencumbered six VLCCs.
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.
International Seaways, Inc. reports that a wholly owned subsidiary has acquired sole ownership of Tankers International, a major shipping pool that has provided commercial and administrative management for modern VLCC (very large crude carrier) vessels since 2000. This gives the company full control over a key platform that coordinates and markets independent VLCC tonnage.
At the same time, Tankers International announced the creation of a new pool to commercially manage Suezmax-class tankers. International Seaways plans to contribute its spot trading Suezmax vessels to this new pool, aligning its Suezmax fleet with Tankers International’s commercial management platform. The company attached a Tankers International press release about the new Suezmax pool as an exhibit.
International Seaways (INSW) disclosed a shareholder return update and furnished quarterly news. The Board declared a combined dividend of $0.86 per share for the fourth quarter of 2025, consisting of a $0.12 regular dividend and a $0.74 supplemental dividend. Both are payable on December 23, 2025 to shareholders of record as of December 9, 2025.
The company also furnished a press release announcing third quarter 2025 earnings under Items 2.02 and 7.01. The information was furnished, not filed, under the Exchange Act.
International Seaways, Inc. reported that on October 7, 2025 it amended its existing $500 Million revolving credit facility and its separate $160 million revolving credit facility. The amendments allow the company’s borrower entity and certain subsidiary guarantors, which are currently organized in the Marshall Islands and Liberia, to redomicile to Bermuda.
The company plans to move its vessel-owning entities and intermediate holding companies under International Seaways, Inc. to Bermuda by the end of the fourth quarter of 2025, while the parent company will remain organized under Marshall Islands law. There were no other material changes to the terms of the credit facilities, and International Seaways estimates total legal and administrative expenses of between $3 million and $5 million for this redomiciliation initiative.
International Seaways, Inc. has issued $250 million of 7.125% senior unsecured bonds due September 23, 2030, at an issue price of 100%. These 2030 Bonds pay interest semi-annually each March 23 and September 23, starting March 23, 2026, and rank equally with the company’s other senior unsecured debt.
The bonds carry financial covenants, including minimum free liquidity of the greater of $50 million or 5% of total indebtedness, a maximum net debt to total capitalization ratio of 0.65:1.00, and requirements that current assets exceed current liabilities. They also restrict certain distributions, mergers, consolidations and major asset transfers.
If there is a change of control or delisting, holders can require the company to repurchase the bonds at 101% of principal plus accrued interest. The bonds include various optional redemption features, including a tax-related call at 100%, a make-whole call through March 2028, and step-down call prices thereafter to par by March 2030. Net proceeds will be used to finance the repurchase of six VLCCs under an existing lease financing arrangement in November 2025 and for general corporate purposes.
International Seaways, Inc. priced an offering of $250.0 million aggregate principal amount of senior unsecured bonds due September 2030, bearing interest at 7.125% per year and issued at par, with issuance expected on September 23, 2025.
The company plans to use the net proceeds to finance the repurchase of six VLCCs under an existing lease financing arrangement, where it has already given irrevocable notice to exercise purchase options in November 2025, and for general corporate purposes. The bonds are being offered under Regulation S and Rule 144A and are not registered under the Securities Act, limiting resale in the United States to transactions with appropriate exemptions.
International Seaways, Inc. filed a current report to share a communications update rather than a financial or transactional event. On September 2, 2025, the company issued a press release announcing that it will hold an upcoming series of meetings with fixed-income investors. The disclosure is made under Regulation FD, which is meant to ensure that important information is shared broadly with the market, not just with selected investors.
The report clarifies that the information, including the press release attached as Exhibit 99.1, is being furnished and is not considered filed for liability purposes under certain securities laws. No new financial results, financing transactions, or operational changes are described in this report; it primarily documents the company’s plan to engage with the bond and credit investor community.
International Seaways, Inc. entered into a new export credit agency-backed financing package to help fund six LR1 product tanker newbuildings under construction in Korea. The agreement provides a 12-year term loan facility of up to $239.7 million and a revolving credit facility of up to $91.9 million, secured by first liens on the owning subsidiaries, the vessels upon delivery, and related earnings and insurance. Portions of the term loans are insured by Korea Trade Insurance Corporation, with K-SURE covered tranches repaid in 24 equal semi-annual instalments starting six months after drawdown. Interest is based on Term SOFR plus a margin of 1.10% per year on K-SURE covered tranches and 1.45% on commercial tranches. The facility includes financial covenants requiring minimum liquidity of at least the greater of $50 million and 5% of consolidated indebtedness, a maximum leverage ratio of 0.65 to 1.00, and current assets to exceed current liabilities.