International Seaways, Inc.

International Seaways, Inc. is a Marshall Islands corporation that owns and operates a fleet of oceangoing vessels primarily for transporting crude oil and petroleum products in international trade. The company's vessel operations are divided into two segments: Crude Tankers and Product Carriers. As of December 31, 2025, the company owned or operated an international fleet of 70 vessels, totaling 8.4 million deadweight tons (dwt). This fleet includes VLCC, Suezmax, and Aframax crude tankers, as well as LR2, LR1, and MR product carriers. In addition to the current operating fleet, four dual-fuel ready LR1 newbuilds are scheduled for delivery between the first and third quarters of 2026, which will increase the total operating and newbuild fleet to 74 vessels. The Marshall Islands is the primary flag of registry for the company's vessels. The company's customers include major independent and state-owned oil companies, oil traders, refinery operators, and international government entities. Vessels are chartered to customers either for specific voyages at spot rates, often through commercial pools, or for specific periods at fixed daily rates via time charters or bareboat charters. In 2025, the company reported shipping revenues of $843.3 million and Time Charter Equivalent (TCE) Revenues of $819.6 million.