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International Seaways Inc. operates within the energy sector, specifically in the marine transportation subsector focused on crude oil and refined petroleum products, and is listed on the New York Stock Exchange (NYSE) under the ticker INSW. The current corporate structure originated from the spin-off of the maritime transportation operations of Overseas Shipholding Group, establishing an independent platform dedicated to commercial shipping.
The company’s origins are linked to U.S. corporate governance following a restructuring process completed in 2016, driven by the objective of creating an entity exclusively focused on operating and managing tanker vessels used in global trade of crude oil and refined products.
Its operational portfolio consists of marine transportation services supported by a fleet of tanker vessels across multiple categories, including Very Large Crude Carriers (VLCCs), Suezmax, Aframax and MR vessels, designed to transport crude oil, light refined products and chemicals on long-haul international routes.
Operations target the international market, with routes spanning North America, South America, Europe, Africa, Asia and the Middle East, serving major traders, refineries, integrated oil companies and global energy corporations engaged in maritime trade.
Market factors influencing performance include global supply and demand for oil shipping, production and refining levels, freight cycles (tanker rates), seasonality, competitive pressures among ocean carriers and regulatory impacts related to environmental and maritime safety standards.
Operational scale encompasses dozens of owned and chartered vessels, with aggregate capacity exceeding several million deadweight tons, supported by spot and time-charter arrangements involving multinational clients and continuous port activity across multiple regions.
The operating structure is based on a centralized management model headquartered in New York, United States, with administrative, technical and maritime support distributed across specialized units for operations, maintenance, regulatory compliance and fleet logistics, supplemented by partnerships for crew management and technical services.
History and Foundation
Established in 2016 in New York, United States, International Seaways Inc. began operations following the corporate separation of the maritime transportation business from Overseas Shipholding Group, forming an independent entity focused on global crude oil shipping.
The initial years were characterized by fleet reorganization, compliance with international environmental standards, consolidation of commercial contracts and challenges arising from volatility in tanker freight rates and fluctuations in global oil demand.
Expansion efforts included fleet modernization, acquisition of new vessels, growth in route networks and commercial relationships, and diversification of transport capacity across different tanker classes serving crude oil and refined products.
Key historical milestones include the completion of the corporate separation in 2016 and subsequent fleet renewal and expansion initiatives in the following years, aligned with entry into additional transport segments within the maritime energy chain.
Between 2020 and 2024, the company experienced impacts from shifts in global oil production and demand, strategic fleet adjustments, significant variations in tanker freight rates, execution of new commercial agreements and evolving environmental regulations that influenced operational decisions and market expectations.
Additional Information
The Company International Seaways Inc (United States), is listed on Nasdaq with a market value of $ 2.37 Billions, having an equity of $ 1.93 Billion.
The Company is listedthe in the sector of Others and categorized in industry of Others.
In the last 12 months the Company had a revenue of $ 770.03 Millions, which generated a profit in the amount of $ 217.58 Millions.
As for its main indicators, the Company has a P/E ratio of 10.89, a P/BV ratio of 1.23 and in the last 12 months the dividend yield of INSW was at 6.76%.
The Company is traded internationally through the ticker INSW.
