Overview
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- TickerINSW on NYSE1
- IndustryWater Transportation1
- Headquarters1T1
- Incorporated inMarshall Islands2
- Business address600 Third Avenue, 39Th Floor, New York, Ny 100162
- Filer categoryLarge accelerated filer2
- Legal formCorporation
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International Seaways, Inc., a Marshall Islands corporation incorporated in 1999, and its wholly owned subsidiaries own and operate a fleet of oceangoing vessels engaged primarily in the transportation of crude oil and petroleum products in the International Flag trade. Our vessel operations are organized into two segments: Crude Tankers and Product Carriers. At December 31, 2025, we owned or operated an International Flag fleet of 70 vessels (totaling an aggregate of 8.4 million dwt), consisting of VLCC, Suezmax and Aframax crude tankers, as well as LR2, LR1 and MR product carriers. In addition to our operating fleet of 70 vessels, four dual-fuel ready LR1 newbuilds are contracted for delivery to the Company between the first and third quarters of 2026, bringing the total operating and newbuild fleet to 74 vessels. The Marshall Islands is the principal flag of registry of our vessels. A…4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
41.0%Operating margin5
36.7%Net margin5
-11.4%Revenue growth, 20255
15.3%Return on equity5
0.27×Debt to equity5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Time Charter Equivalent Services brought in 49% of the revenue International Seaways, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Time Charter Equivalent Services | $1.1B | $933.1M | $819.6M |
| Pool Revenue Leases | $905.8M | $749.2M | $641.8M |
| Time and Bareboat Charter Leases | $96.5M | $137.1M | $157.6M |
| Voyage Charter Leases | $69.4M | $65.3M | $43.9M |
Business segments
International Crude Tankers brought in 52% of the revenue International Seaways, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| International Crude Tankers | $524.0M | $451.4M | $439.6M |
| International Product Carriers | $547.8M | $500.3M | $403.7M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs63¢$533.6M
- Income tax0¢$411.0K
- Profit37¢$309.3M
Out of $843.3M in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Dividends paid38¢$144.6M
- Kept or used elsewhere62¢$235.4M
Out of $380.1M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Shipping revenues | $843.3M | $951.6M | $1.1B |
| Voyage expenses | $23.7M | $18.5M | $16.3M |
| Vessel expenses | $266.1M | $275.7M | $259.5M |
| Charter hire expenses | $33.3M | $29.8M | $39.4M |
| Depreciation and amortization | $163.6M | $149.4M | $129.0M |
| General and administrative | $50.2M | $52.6M | $47.5M |
| Other operating expenses | $3.5M | $2.8M | |
| Third-party debt modification fees | $168.0K | $568.0K | |
| (Gain) loss on disposal of vessels and other assets, net of impairments | -$42.5M | -$32.7M | -$35.9M |
| Total operating expenses | $497.9M | $496.4M | $456.3M |
| Income from vessel operations | $345.4M | $455.2M | $615.4M |
| Other income | $6.2M | $10.1M | $10.7M |
| Income before interest expense and income taxes | $351.6M | $465.3M | $626.1M |
| Interest expense | -$42.7M | -$49.7M | -$65.8M |
| Income before income taxes | $308.9M | $415.6M | $560.3M |
| Income tax benefit/(provision) | $411.0K | $1.1M | -$3.9M |
| Net income | $309.3M | $416.7M | $556.4M |
| Basic | 49.3M shares | 49.3M shares | 49.0M shares |
| Diluted | 49.6M shares | 49.7M shares | 49.4M shares |
| Basic net income per share | $6.27 | $8.45 | $11.35 |
| Diluted net income per share | $6.23 | $8.38 | $11.25 |
| Pool revenues, received from companies accounted for by the equity method | $233.0M | $273.8M | $313.9M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $116.9M | $157.5M | ||
| Short-term investments | $50.0M | |||
| Voyage receivables, net of allowance for credit losses of $52 and $86, including unbilled of $169,610 and $181,211 | $177.9M | $185.5M | ||
| Other receivables | $13.8M | $13.8M | ||
| Inventories | $611.0K | $1.9M | ||
| Prepaid expenses and other current assets | $7.4M | $15.6M | ||
| Current portion of derivative asset | $406.0K | $2.1M | ||
| Total Current Assets | $367.0M | $376.3M | ||
| Vessels and other property, less accumulated depreciation of $246,413 and $466,356 | $2.1B | $2.1B | ||
| Vessels construction in progress | $57.7M | $37.0M | ||
| Deferred drydock expenditures, net | $109.3M | $90.2M | $70.9M | $65.6M |
| Operating lease right-of-use assets | $7.2M | $21.2M | ||
| Pool working capital deposits | $33.1M | $35.4M | ||
| Long-term derivative assets | $5.0K | $801.0K | ||
| Other assets | $16.4M | $25.2M | ||
| Total Assets | $2.7B | $2.6B | ||
| Accounts payable, accrued expenses and other current liabilities | $69.9M | $66.3M | ||
| Current portion of operating lease liabilities | $3.2M | $14.6M | ||
| Current installments of long-term debt | $25.8M | $50.1M | ||
| Total Current Liabilities | $98.9M | $130.9M | ||
| Long-term operating lease liabilities | $6.0M | $8.7M | ||
| Long-term debt, net | $541.3M | $638.4M | ||
| Other liabilities | $2.2M | $2.3M | ||
| Total Liabilities | $648.4M | $780.3M | ||
| Capital - 100,000,000 no par value shares authorized; 49,404,078 and 48,194,458 shares issued and outstanding | $1.5B | $1.5B | ||
| Retained earnings | $523.8M | $359.1M | ||
| Stockholders Equity Subtotal | $2.0B | $1.9B | ||
| Accumulated other comprehensive loss | -$10.8M | -$7.9M | ||
| Total Equity | $2.0B | $1.9B | ||
| Total Liabilities and Equity | $2.7B | $2.6B | ||
| Unbilled voyage receivable (in dollars) | $169.6M | $181.2M | ||
| Voyage receivables, allowance for credit losses | $52.0K | $86.0K | $191.0K | $261.0K |
| Common stock, shares authorized | 100.0M shares | 100.0M shares | ||
| Common stock, no par value | $0 | $0 | ||
| Common stock, shares, issued | 49.4M shares | 49.2M shares | ||
| Common stock, shares, outstanding | 49.4M shares | 49.2M shares | 48.9M shares | 49.1M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $116.9M | $157.5M | ||
| Short-term investments | $50.0M | |||
| Voyage receivables, net of allowance for credit losses of $52 and $86, including unbilled of $169,610 and $181,211 | $177.9M | $185.5M | ||
| Other receivables | $13.8M | $13.8M | ||
| Inventories | $611.0K | $1.9M | ||
| Prepaid expenses and other current assets | $7.4M | $15.6M | ||
| Current portion of derivative asset | $406.0K | $2.1M | ||
| Total Current Assets | $367.0M | $376.3M | ||
| Vessels and other property, less accumulated depreciation of $246,413 and $466,356 | $2.1B | $2.1B | ||
| Vessels construction in progress | $57.7M | $37.0M | ||
| Deferred drydock expenditures, net | $109.3M | $90.2M | $70.9M | $65.6M |
| Operating lease right-of-use assets | $7.2M | $21.2M | ||
| Pool working capital deposits | $33.1M | $35.4M | ||
| Long-term derivative assets | $5.0K | $801.0K | ||
| Other assets | $16.4M | $25.2M | ||
| Total Assets | $2.7B | $2.6B | ||
| Accounts payable, accrued expenses and other current liabilities | $69.9M | $66.3M | ||
| Current portion of operating lease liabilities | $3.2M | $14.6M | ||
| Current installments of long-term debt | $25.8M | $50.1M | ||
| Total Current Liabilities | $98.9M | $130.9M | ||
| Long-term operating lease liabilities | $6.0M | $8.7M | ||
| Long-term debt, net | $541.3M | $638.4M | ||
| Other liabilities | $2.2M | $2.3M | ||
| Total Liabilities | $648.4M | $780.3M | ||
| Capital - 100,000,000 no par value shares authorized; 49,404,078 and 48,194,458 shares issued and outstanding | $1.5B | $1.5B | ||
| Retained earnings | $523.8M | $359.1M | ||
| Stockholders Equity Subtotal | $2.0B | $1.9B | ||
| Accumulated other comprehensive loss | -$10.8M | -$7.9M | ||
| Total Equity | $2.0B | $1.9B | ||
| Total Liabilities and Equity | $2.7B | $2.6B | ||
| Unbilled voyage receivable (in dollars) | $169.6M | $181.2M | ||
| Voyage receivables, allowance for credit losses | $52.0K | $86.0K | $191.0K | $261.0K |
| Common stock, shares authorized | 100.0M shares | 100.0M shares | ||
| Common stock, no par value | $0 | $0 | ||
| Common stock, shares, issued | 49.4M shares | 49.2M shares | ||
| Common stock, shares, outstanding | 49.4M shares | 49.2M shares | 48.9M shares | 49.1M shares |
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $309.3M | $416.7M | $556.4M |
| Depreciation and amortization | $163.6M | $149.4M | $129.0M |
| Loss on write-down of vessels and other assets | $8.7M | ||
| Amortization of debt discount and other deferred financing costs | $4.3M | $4.1M | $5.6M |
| Deferred financing costs write-off | $1.8M | $2.7M | |
| Stock compensation | $8.7M | $9.0M | $8.5M |
| Other - net | -$189.0K | -$553.0K | -$2.5M |
| Gain on disposal of vessels and other assets, net | -$42.5M | -$41.4M | -$35.9M |
| Loss on extinguishment of debt | $315.0K | $1.3M | |
| Payments for drydocking | -$84.2M | -$58.6M | -$34.5M |
| Insurance claims proceeds related to vessel operations | $2.8M | $1.1M | $3.2M |
| Decrease in receivables | $7.6M | $61.6M | $42.6M |
| (Decrease)/increase in deferred revenue | -$1.9M | $1.6M | $3.3M |
| Purchase of insurance contract in connection with settlement of pension plan obligations | -$3.6M | ||
| Net change in inventories, prepaid expenses and other current assets and accounts payable, accrued expense, and other current and long-term liabilities | $10.5M | -$942.0K | $8.7M |
| Net cash provided by operating activities | $380.1M | $547.1M | $688.4M |
| Expenditures for vessels, vessel improvements and vessels under construction, including deposits for acquisitions | -$340.5M | -$278.8M | -$205.2M |
| Security deposits returned for vessel exchange transactions | $5.0M | -$5.0M | |
| Proceeds from disposal of vessels and other assets | $246.3M | $71.9M | $66.0M |
| Expenditures for other property | -$1.4M | -$1.4M | -$1.5M |
| Pool working capital deposits | -$650.0K | -$1.7M | -$3.6M |
| Investments in short term time deposits | -$50.0M | -$125.0M | -$235.0M |
| Proceeds from maturities of short term time deposits | $185.0M | $255.0M | |
| Net cash used in investing activities | -$141.3M | -$155.0M | -$124.3M |
| Borrowings on nonrevolving credit facility debt | $331.5M | ||
| Borrowings on revolving credit facilities | $80.0M | $120.0M | $50.0M |
| Repayments on revolving credit facilities | -$224.6M | -$70.0M | -$50.0M |
| Repayments of debt | -$39.9M | -$382.1M | |
| Premium and fees on extinguishment of debt | -$315.0K | -$1.3M | |
| Proceeds from sale and leaseback financing, net of issuance and deferred financing costs | $169.7M | ||
| Payments on sale and leaseback financing and finance lease | -$303.5M | -$49.3M | -$136.0M |
| Payments of deferred financing costs | -$11.7M | -$5.8M | -$3.6M |
| Cash dividends paid | -$144.6M | -$284.4M | -$308.2M |
| Repurchases of common stock | -$25.0M | -$13.9M | |
| Cash paid to tax authority upon vesting or exercise of stock-based compensation | -$6.1M | -$7.1M | -$5.8M |
| Net cash used in financing activities | -$279.3M | -$361.4M | -$681.1M |
| Net (decrease)/increase in cash and cash equivalents | -$40.6M | $30.7M | -$117.0M |
No quarter-by-quarter statement was filed.
Corporate structure
International Seaways, Inc. sits at the top of its group. 97 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of International Seaways, Inc.
- Famatown Finance Ltd Filed SCHEDULE 13D/A on International Seaways, Inc., latest Oct 8, 2026 (7 filings since Apr 27, 2022)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on International Seaways, Inc., latest Mar 27, 2026 (7 filings since Feb 10, 2022)
- FMR LLC Filed SCHEDULE 13G/A on International Seaways, Inc., latest Feb 5, 2026 (2 filings since Nov 5, 2025)
- BlackRock Filed SCHEDULE 13G/A on International Seaways, Inc., latest Apr 30, 2025 (5 filings since Feb 3, 2022)
- DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on International Seaways, Inc., latest Feb 9, 2024 (3 filings since Feb 8, 2022)
- EPS Ventures Ltd Filed SC 13G/A on International Seaways, Inc., latest Feb 7, 2024 (2 filings since Oct 12, 2022)
- DONALD SMITH & CO., INC. Filed SC 13G on International Seaways, Inc., latest Feb 9, 2023 (2 filings since Feb 7, 2022)
- Navig8 Risk Management Pte. Ltd. Filed SC 13D/A on International Seaways, Inc., latest Dec 8, 2022 (2 filings since Oct 13, 2022)
- cobas asset management, sgiic, s.a. Filed SC 13G/A on International Seaways, Inc., latest May 9, 2022 (2 filings since Feb 15, 2022)
- CYRUS CAPITAL PARTNERS, L.P. Filed SC 13D/A on International Seaways, Inc., latest Apr 25, 2022 (3 filings since Nov 9, 2021)
- PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on International Seaways, Inc., latest Feb 14, 2022
- WL ROSS & CO LLC Filed SC 13G/A on International Seaways, Inc., latest Feb 10, 2022 (2 filings since Feb 9, 2022)
- International Seaways, Inc. 1T
- Albans Tanker Corporation Ltd. Subsidiary · Bermuda
- Alpha Seaways MR Tanker Corporation Ltd. Subsidiary · Bermuda
- Apollonas Shipping Company Ltd. Subsidiary · Bermuda
- Asterias Crude Carrier Ltd. Subsidiary · Bermuda
- Athens Product Tanker Corporation Ltd. Subsidiary · Bermuda
- Batangas Tanker Corporation Ltd. Subsidiary · Bermuda
- Beta Seaways MR Tanker Corporation Ltd. Subsidiary · Bermuda
- Cape Seaways Ltd. Subsidiary · Marshall Islands
- CPT Alliance Ltd. Subsidiary · Marshall Islands
- Crystal Tanker Corporation Ltd. Subsidiary · Bermuda
- Delta Aframax Corporation Ltd. Subsidiary · Bermuda
- Delta Seaways MR Tanker Corporation Ltd. Subsidiary · Bermuda
- Diamond S Shipping II LLC Subsidiary · Marshall Islands
- Diamond S Shipping Ltd. Subsidiary · Bermuda
- Diamond Tanker Company LLC Subsidiary · Bermuda
- DSS 1 LLC Subsidiary · Bermuda
- DSS 2 LLC Subsidiary · Bermuda
- DSS 5 LLC Subsidiary · Bermuda
- DSS 6 LLC Subsidiary · Bermuda
- DSS 7 LLC Subsidiary · Bermuda
- DSS 8 LLC Subsidiary · Bermuda
- DSS A LLC Subsidiary · Bermuda
- DSS B LLC Subsidiary · Bermuda
- DSS C LLC Subsidiary · Bermuda
- DSS D LLC Subsidiary · Bermuda
- and 71 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What International Seaways, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $2.1B5 Dec 31, 2025 | $2.1B5 Dec 31, 2024 | +1.4% |
| Operating-lease assets (leased space) | $7.2M5 Dec 31, 2025 | $21.2M5 Dec 31, 2024 | −66.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $116.9M5 Dec 31, 2025 | $157.5M5 Dec 31, 2024 | −25.8% |
| Marketable securities, current | $50.0M5 Dec 31, 2025 | $60.0M9 Dec 31, 2023 | −16.7% |
Inventory
Properties, in its own words
We lease approximately 13,100 square feet of office space for the Company’s New York headquarters. We do not own or lease any production facilities, plants, mines or similar real properties.
At December 31, 2025, the Company owned or operated an aggregate of 70 vessels, which included 8 chartered-in vessels. See tables presented under Item 1, “Business—Fleet Operations.”
Item 2 of the 10-K filed Feb 26, 2026.4
Leadership
Who has led International Seaways, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
20202025
- Chief executive officerLois K. Zabrocky Dec 2, 2016 to now13
- PresidentLois K. Zabrocky Nov 10, 2016 to now14
- Chief financial officerIan T. Blackley Nov 10, 2016 to Nov 10, 201615
- Chief financial officerJeffrey Pribor Nov 18, 2016 to now16
Board members and other officers (24)
- TreasurerDebra Grillo Mar 6, 2025 to now17
- VP and Chief Comm. OfficerDerek G. Solon Mar 7, 2017 to now18
- VP and Head of Shipping Ops.William F. Nugent Mar 7, 2017 to now19
- TreasurerGeoffrey Carpenter Nov 10, 2016 to Nov 10, 201620
- SVP & SecretaryJames D. Small Iii. Nov 10, 2016 to Nov 10, 201621
- SVP and ComptrollerRick F. Oricchio Nov 10, 2016 to Nov 10, 201622
- ControllerAdewale Oshodi Dec 2, 2016 to now23
- Board memberDarron M. Anderson Jun 17, 2024 to now24
- Board memberKristian Johansen Jun 17, 2024 to now25
- Board memberCraig H. Stevenson Jr. Jul 20, 2021 to now26
- Board memberNadim Z. Qureshi Jul 20, 2021 to Mar 15, 202427
- Board memberDavid I. Greenberg Jun 12, 2017 to now28
- Board memberIan T. Blackley Nov 10, 2016 to now15
- Board memberLois K. Zabrocky Nov 10, 2016 to now14
- Board memberRick F. Oricchio Nov 10, 2016 to Nov 10, 201622
- Board memberGregory A. Wright Nov 15, 2016 to Jun 30, 202029
- Board memberChad Valerio Dec 2, 2016 to Dec 16, 201630
- Board memberDouglas D. Wheat Dec 2, 2016 to Jun 17, 202431
- Board memberJoseph Isaac Kronsberg Dec 2, 2016 to May 17, 202432
- Board memberRandee E. Day Dec 2, 2016 to now33
- Board memberRonald Steger Dec 2, 2016 to Dec 16, 201634
- Board memberTimothy J. Bernlohr Dec 2, 2016 to now35
- Board memberTy Wallach Dec 2, 2016 to Jun 3, 202136
- General counselJames D. Small Iii. Dec 2, 2016 to now37
Named in SEC Form D filings
People the company listed in its private-offering notices.
- DirectorA. Kate Blankenship named Oct 7, 202538
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Albans Tanker Corporation Ltd. Bermuda3
- Alpha Seaways MR Tanker Corporation Ltd. Bermuda3
- Apollonas Shipping Company Ltd. Bermuda3
- Asterias Crude Carrier Ltd. Bermuda3
- Athens Product Tanker Corporation Ltd. Bermuda3
- Batangas Tanker Corporation Ltd. Bermuda3
- Beta Seaways MR Tanker Corporation Ltd. Bermuda3
- CPT Alliance Ltd. Marshall Islands3
- Cape Seaways Ltd. Marshall Islands3
- Crystal Tanker Corporation Ltd. Bermuda3
- DSS 1 LLC Bermuda (3)3
- DSS 2 LLC Bermuda (3)3
- DSS 5 LLC Bermuda (3)3
- DSS 6 LLC Bermuda (3)3
- DSS 7 LLC Bermuda (3)3
- DSS 8 LLC Bermuda (3)3
- DSS A LLC Bermuda (3)3
- DSS B LLC Bermuda (3)3
- DSS C LLC Bermuda (3)3
- DSS D LLC Bermuda (3)3
- DSS Suez JV LLC Marshall Islands (2)3
- DSS Vessel LLC Marshall Islands (2)3
- Delta Aframax Corporation Ltd. Bermuda3
- Delta Seaways MR Tanker Corporation Ltd. Bermuda3
All 96 listed subsidiaries
- Diamond S Shipping II LLC Marshall Islands (2)3
- Diamond S Shipping Ltd. Bermuda3
- Diamond Tanker Company LLC Bermuda (3)3
- EB Tanker Corporation Ltd. Bermuda3
- Eagle Product Tanker Corporation Ltd. Bermuda3
- Epicurus Shipping Company Ltd. Bermuda3
- Epsilon Aframax Corporation Ltd. Bermuda3
- Filonikis Product Carrier Ltd. Bermuda3
- First Pacific Corporation Marshall Islands3
- Front Tobago Shipping Corporation Marshall Islands3
- Guayaquil Tanker Corporation Ltd. Bermuda3
- Hal Tanker Corporation Ltd. Bermuda3
- Harrison Tanker Corporation Ltd. Bermuda3
- Hatteras Tanker Corporation Ltd. Bermuda3
- Hendricks Tanker Company LLC Bermuda (3)3
- Henry Tanker Company LLC Bermuda (3)3
- Heroic Avenir Ltd. Bermuda3
- Heroic Equuleus Ltd. Bermuda3
- Heroic Hera Ltd. Bermuda3
- Heroic Hercules Ltd. Bermuda3
- Heroic Hologium Ltd. Bermuda3
- Heroic Hydra Ltd. Bermuda3
- Heroic Libra Ltd. Bermuda3
- Heroic Octans Ltd. Bermuda3
- Heroic Perseus Ltd. Bermuda3
- Heroic Pisces Ltd. Bermuda3
- Heroic Scutum Ltd. Bermuda3
- Heroic Serena Ltd. Bermuda3
- Heroic Tucana Ltd. Bermuda3
- Iason Product Carrier Ltd. Bermuda3
- International Seaways Operating Corporation Ltd. Bermuda3
- International Seaways Ship Management LLC Delaware (1)3
- Iraklitos Shipping Company Ltd. Bermuda3
- Isiodos Product Carrier Ltd. Bermuda3
- Jennings Tanker Corporation Ltd. Bermuda3
- Kythnos Chartering Corporation Ltd. Bermuda3
- Lafayette Tanker Corporation Ltd. Bermuda3
- Leyte Product Tanker Corporation Ltd. Bermuda3
- Liberty Tanker Company LLC Bermuda (3)3
- Lightering LLC Bermuda (3)3
- Lorenzo Shipmanagement Ltd. Bermuda3
- Milos Product Tanker Corporation Ltd. Bermuda3
- Mindanao Tanker Corporation Ltd. Bermuda3
- Montauk Tanker Corporation Ltd. Bermuda3
- NT Suez One LLC Bermuda (3)3
- Navarro International Ltd. Bermuda3
- OIN Chartering Ltd. Bermuda3
- Oak Tanker Corporation Ltd. Bermuda3
- Panamax International Ltd. Marshall Islands3
- Samar Product Tanker Corporation Ltd. Bermuda3
- Seaways Alpha LR Corporation Ltd. Bermuda3
- Seaways Alternative Energy Holding Corporation Ltd. Bermuda3
- Seaways Beta LR Corporation Ltd. Bermuda3
- Seaways Delta LR Corporation Ltd. Bermuda3
- Seaways Epsilon LR Corporation Ltd. Bermuda3
- Seaways First AE Tanker Corporation Ltd. Bermuda3
- Seaways Gamma LR Corporation Ltd. Bermuda3
- Seaways Holding Corporation Ltd. Bermuda3
- Seaways LR Holding Corporation Ltd. Bermuda3
- Seaways Second AE Tanker Corporation Ltd. Bermuda3
- Seaways Shipping Corporation Ltd. Bermuda3
- Seaways Shipping II Corporation Ltd. Bermuda3
- Seaways Shipping III Corporation Ltd. Bermuda3
- Seaways Subsidiary VII Ltd. Bermuda3
- Seaways Third AE Tanker Corporation Ltd. Bermuda3
- Seaways Zeta LR Corporation Ltd. Bermuda3
- Second Katsura Tanker Corporation Ltd. Bermuda3
- Skopelos Product Tanker Corporation Ltd. Bermuda3
- Titanas Product Carrier Ltd. Bermuda3
- Triton Tanker Company LLC Bermuda (3)3
- Tybee Tanker Company LLC Bermuda (3)3
- White Boxwood Shipping Ltd. Bermuda3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- OSG International, INCJul 15, 2016 to Sep 15, 20162
Timeline
- Aug 10, 20268-K Results of operations; Regulation FD disclosure39
- Jun 12, 20268-K Executive or director change; Shareholder vote40
- May 11, 20268-K Entered a material agreement41
- May 7, 20268-K Results of operations; Regulation FD disclosure42
- Apr 9, 20268-K Entered a material agreement; Change to shareholders' rights43
- Mar 31, 20268-K Entered a material agreement44
- Feb 26, 20268-K Results of operations; Regulation FD disclosure45
- Jan 29, 20268-K Regulation FD disclosure46
- Jan 27, 20268-K Other events47
- Nov 6, 20258-K Results of operations; Regulation FD disclosure48
- Oct 10, 20258-K Entered a material agreement; Other events49
- Sep 26, 20258-K Entered a material agreement; New debt or obligation50
- Dec 2, 2016New chief executive Lois K. Zabrocky becomes CEO13
Calendar
Coming up
- Nov 5, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $1.15 a share, on Nov 6, 2025.51
When it reported results
- Aug 10, 2026Reported quarterly or annual results39
- May 7, 2026Reported quarterly or annual results42
- Feb 26, 2026Reported quarterly or annual results45
- Nov 6, 2025Reported quarterly or annual results48
- Aug 6, 2025Reported quarterly or annual results52
- May 8, 2025Reported quarterly or annual results53
- Feb 27, 2025Reported quarterly or annual results54
- Nov 7, 2024Reported quarterly or annual results55
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
677 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 77 major events, 414 insider forms, 38 large holders, 1 private raises, 127 other. The latest 20:
- Oct 8, 2026SCHEDULE 13D/A EDGAR
- Sep 16, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 17, 2026144 EDGAR
- Aug 10, 202610-Q EDGAR
- Aug 10, 20268-K EDGAR
- Jul 17, 20264 EDGAR
- Jul 17, 20264 EDGAR
- Jul 15, 2026144 EDGAR
- Jul 15, 2026144 EDGAR
- Jul 7, 20264 EDGAR
- Jun 17, 20264 EDGAR
- Jun 17, 20264 EDGAR
- Jun 15, 2026144 EDGAR
- Jun 15, 2026144 EDGAR
- Jun 12, 20268-K EDGAR
- Jun 10, 20264 EDGAR
- Jun 10, 20264 EDGAR
- Jun 10, 20264 EDGAR
- Jun 10, 20264 EDGAR
The 677 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
175 open-market trades by officers, directors and large owners since October 2021: 5 buys and 170 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 15, 2026 | Zabrocky Lois KPresident & CEO | Sale | 2,000 | $108.01 | $216.0K | Form 4 |
| Aug 17, 2026 | Zabrocky Lois KPresident & CEO | Sale | 2,000 | $98.44 | $196.9K | Form 4 |
| Jul 15, 2026 | Pribor JeffreySVP & CFO | Sale | 1,000 | $87.49 | $87.5K | Form 4 |
| Jul 15, 2026 | Zabrocky Lois KPresident & CEO | Sale | 2,000 | $87.59 | $175.2K | Form 4 |
| Jun 15, 2026 | Pribor JeffreySVP & CFO | Sale | 1,000 | $81.68 | $81.7K | Form 4 |
| Jun 15, 2026 | Zabrocky Lois KPresident & CEO | Sale | 2,000 | $81.34 | $162.7K | Form 4 |
| May 15, 2026 | Zabrocky Lois KPresident & CEO | Sale | 2,000 | $84.23 | $168.5K | Form 4 |
| May 15, 2026 | Pribor JeffreySVP & CFO | Sale | 1,000 | $83.72 | $83.7K | Form 4 |
| May 14, 2026 | Nugent William F.Senior Vice President | Sale | 6,830 | $85.23 | $582.1K | Form 4 |
| May 12, 2026 | Solon Derek G.Senior Vice President | Sale | 4,700 | $89.22 | $419.3K | Form 4 |
| May 12, 2026 | Zabrocky Lois KPresident & CEO | Sale | 25,000 | $88.08 | $2.2M | Form 4 |
| Apr 15, 2026 | Pribor JeffreySVP & CFO | Sale | 1,000 | $74.50 | $74.5K | Form 4 |
| Apr 15, 2026 | Zabrocky Lois KPresident & CEO | Sale | 2,000 | $74.57 | $149.1K | Form 4 |
| Mar 16, 2026 | Pribor JeffreySVP & CFO | Sale | 1,000 | $66.50 | $66.5K | Form 4 |
| Mar 16, 2026 | Zabrocky Lois KPresident & CEO | Sale | 2,000 | $67.79 | $135.6K | Form 4 |
| Mar 10, 2026 | Famatown Finance Ltd10% owner | Sale | 156,362 | $75.34 | $11.8M | Form 4 |
| Mar 9, 2026 | Grillo DebraTreasurer | Sale | 389 | $76.27 | $29.7K | Form 4 |
| Mar 9, 2026 | Day Randee EDirector | Sale | 4,090 | $74.93 | $306.5K | Form 4 |
| Mar 9, 2026 | Blankenship Alexandra KateDirector | Sale | 5,000 | $74.88 | $374.4K | Form 4 |
| Mar 9, 2026 | Famatown Finance Ltd10% owner | Sale | 300,000 | $75.62 | $22.7M | Form 4 |
All 175 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Famatown Finance LtdSCHEDULE 13D/A, 7 filings Apr 27, 2022 to Oct 8, 202656
- VANGUARD GROUP INCSCHEDULE 13G/A, 7 filings Feb 10, 2022 to Mar 27, 202657
- FMR LLCSCHEDULE 13G/A, 2 filings Nov 5, 2025 to Feb 5, 202658
- BlackRockSCHEDULE 13G/A, 5 filings Feb 3, 2022 to Apr 30, 202559
- DIMENSIONAL FUND ADVISORS LPSC 13G/A, 3 filings Feb 8, 2022 to Feb 9, 202460
- EPS Ventures LtdSC 13G/A, 2 filings Oct 12, 2022 to Feb 7, 202461
- DONALD SMITH & CO., INC.SC 13G, 2 filings Feb 7, 2022 to Feb 9, 202362
- Navig8 Risk Management Pte. Ltd.SC 13D/A, 2 filings Oct 13, 2022 to Dec 8, 202263
- cobas asset management, sgiic, s.a.SC 13G/A, 2 filings Feb 15, 2022 to May 9, 202264
- CYRUS CAPITAL PARTNERS, L.P.SC 13D/A, 3 filings Nov 9, 2021 to Apr 25, 202265
- PRICE T ROWE ASSOCIATES INC /MD/SC 13G/A, 1 filing Feb 14, 202266
- WL ROSS & CO LLCSC 13G/A, 2 filings Feb 9, 2022 to Feb 10, 202267
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Lois ZabrockyPresident and Chief Executive Officer | $800.0K | $4.5M68 | |
| 2025 | Jeffrey D. PriborSenior Vice President and Chief Financial Officer | $622.1K | $2.3M68 | |
| 2025 | James D. Small IIISenior Vice President, Chief Administrative Officer, Secretary and General Counsel | $563.1K | $1.8M68 | |
| 2025 | Derek G. SolonSenior Vice President and Chief Commercial Officer | $435.0K | $1.5M68 | |
| 2025 | William F. NugentSenior Vice President and Chief Technical and Sustainability Officer | $435.0K | $1.5M68 | |
| 2024 | Lois ZabrockyPresident and Chief Executive Officer | $829.8K | $4.0M68 | |
| 2024 | Jeffrey D. PriborSenior Vice President and Chief Financial Officer | $632.9K | $2.4M68 | |
| 2024 | James D. Small IIISenior Vice President, Chief Administrative Officer, Secretary and General Counsel | $575.9K | $1.9M68 | |
| 2024 | William F. NugentSenior Vice President and Chief Technical and Sustainability Officer | $451.2K | $1.5M68 | |
| 2024 | Derek G. SolonSenior Vice President and Chief Commercial Officer | $451.2K | $1.5M68 | |
| 2023 | Lois ZabrockyPresident and Chief Executive Officer | $749.0K | $4.3M68 | |
| 2023 | Jeffrey D. PriborSenior Vice President and Chief Financial Officer | $579.4K | $2.5M68 | |
| 2023 | James D. Small IIISenior Vice President, Chief Administrative Officer, Secretary and General Counsel | $529.4K | $2.0M68 | |
| 2023 | William F. NugentSenior Vice President and Chief Technical and Sustainability Officer | $409.3K | $1.5M68 | |
| 2023 | Derek G. SolonSenior Vice President and Chief Commercial Officer | $409.3K | $1.5M68 |
Money raised
Private offerings the company reported to the SEC on Form D.
- Sep 23, 2025Raised $23.8 million in a private offering of debt Form D: 4 investors so far Form D
Members of Congress who traded it
1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Oct 27, 2023 | Michael GuestRepublican, House | Buy | $1,001 - $15,000 | +41.9% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How International Seaways, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARInternational Seaways, Inc.1
- CIK0001679049
- Employer ID (EIN)98-04671174
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inMarshall Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)4400 Water Transportation1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address600 Third Avenue, 39Th Floor, New York, NY 100161
- Phone21295341001
- Shares outstanding49,531,311 as of Aug 6, 202611
- Public float$1.8B as of Jun 30, 20254
- AuditorErnst & Young LLP, New York, NY PCAOB ID 42; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceJul 15, 20161
- Filings1,170 in all: 4 (626), 8-K (159), 144 (90), SC 13G/A (32), 10-Q (30), 3 (29), 4/A (24), SC 13G (24)1
All 41 form types
SC 13D/A (20), DEFA14A (14), CORRESP (13), UPLOAD (12), 425 (11), 10-K (10), DEF 14A (10), 10-12B/A (6), 424B5 (5), SC 13D (5), 424B7 (4), EFFECT (4), S-8 (4), SCHEDULE 13G/A (4), S-3 (3), S-3ASR (3), SCHEDULE 13D/A (3), 3/A (2), 424B3 (2), 8-A12B (2), 8-A12B/A (2), 8-K/A (2), CERT (2), PRE 14A (2), S-3/A (2), SCHEDULE 13G (2), 10-12B (1), 25-NSE (1), CERTNYS (1), D (1), FWP (1), S-4 (1), S-4/A (1)
- Latest filingsAnnual report (10-K) Feb 26, 2026
Quarterly report (10-Q) Aug 10, 2026
Proxy statement (DEF 14A) Apr 29, 2026
Latest 8-K (8-K) Aug 10, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock (no par value) | INSW | New York Stock Exchange |
| Rights to Purchase Common Stock | New York Stock Exchange |
From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks International Seaways, Inc. names in Item 1A of its 10-K filed Feb 26, 2026: 52 risks under these headings, as written.4
- Risks Related to Our Industry
- The highly cyclical nature of the industry may lead to volatile changes in charter rates and vessel values, which could adversely affect the Company’s earnings and available cash.
- The market value of vessels fluctuates significantly, which could adversely affect INSW’s liquidity or otherwise adversely affect its financial condition.
- Declines in charter rates and other market deterioration could cause INSW to incur impairment charges.
- Changes in the worldwide supply of vessels or an expansion of the capacity of newly-built tankers, without a commensurate shift in demand for such vessels, may cause spot charter rates to increase or decline, affecting INSW’s revenues, profitability and cash flows, and the value of its vessels.
- Shipping is a business with inherent risks, and INSW’s insurance may not be adequate to cover its losses.
- Counterparty credit risk and constraints on capital availability may adversely affect INSW’s business.
- The state of the global financial markets may adversely impact the Company’s ability to obtain additional financing on acceptable terms and otherwise negatively impact the Company’s business.
- INSW conducts its operations internationally, which subjects it to changing economic, political and governmental conditions that may adversely affect its business.
- Changes in fuel prices may adversely affect profits.
- Terrorist attacks and international hostilities and instability can affect the tanker industry, which could adversely affect INSW’s business.
- Acts of piracy on ocean-going vessels could adversely affect the Company’s business.
The other 41 risks
- Public health threats could have an adverse effect on the Company’s operations and financial results.
- Risks Related to Our Company
- INSW has incurred significant indebtedness which could affect its ability to finance its operations, pursue desirable business opportunities and successfully run its business in the future, all of which could affect INSW’s ability to fulfill its obligations under that indebtedness.
- The Company may not be able to generate sufficient cash to service all of its indebtedness and could in the future breach covenants in its credit facilities, term loans, and certain vessel charters.
- INSW is a holding company and depends on the ability of its subsidiaries to distribute funds to it in order to satisfy its financial obligation or pay dividends.
- The Company will be required to make additional capital expenditures to expand the number of vessels in its fleet and to maintain all of its vessels, which depend on additional financing.
- The Company depends on third-party service providers for technical and commercial management of its fleet.
- INSW’s business depends on voyage charters, and any future decrease in spot charter rates could adversely affect its earnings.
- INSW may not be able to renew Time Charters when they expire or enter into new Time Charters.
- Termination of, or a change in the nature of, INSW’s relationship with any of the commercial pools in which it participates could adversely affect its business.
- In the highly competitive international market, INSW may not be able to compete effectively for charters.
- INSW may not realize the benefits it expects from past acquisitions or acquisitions or other strategic transactions it may make in the future.
- The smuggling or alleged smuggling of drugs or other contraband onto the Company’s vessels may lead to governmental claims against the Company.
- Operating costs and capital expenses will increase as the Company’s vessels age and may also increase due to unanticipated events relating to secondhand vessels and the consolidation of suppliers.
- The Company’s lightering business faces significant competition and market volatility, and revenues and profitability for these operations may vary significantly from period to period.
- The Company is subject to credit risks with respect to its counterparties on contracts, and any failure by those counterparties to meet their obligations could cause the Company to suffer losses on such contracts, decreasing revenues and earnings.
- The Company relies on the skills of its senior management team, and if the Company were required to replace them, it could negatively impact the effectiveness of management and the Company’s results of operations could be negatively impacted.
- The Company may face unexpected drydock costs for its vessels.
- Technological innovation could reduce the Company’s charter income and the value of the Company’s vessels.
- The Company stores, processes, maintains, and transmits confidential information through information technology (“IT”) systems. Cybersecurity issues, such as data breaches and computer malware, affecting INSW’s IT systems or those of its third-party vendors, suppliers or counterparties, could disrupt INSW’s business, result in the unintended disclosure or misuse of confidential or proprietary information, disruption in regular business operations, damage its reputation, increase its costs, and cause losses.
- INSW’s revenues are subject to seasonal variations.
- Effective internal controls are necessary for the Company to provide reliable financial reports and effectively prevent fraud.
- Work stoppages or other labor disruptions may adversely affect INSW’s operations.
- Risks Related to Legal and Regulatory Matters
- Climate change and greenhouse gas restrictions may adversely affect our operating results.
- Increasing scrutiny and changing expectations from investors, lenders and other market participants with respect to our sustainability and governance policies may impose additional costs on us or expose us to additional risks.
- Compliance with complex laws, regulations, and, in particular, environmental laws or regulations, including those relating to the emission of greenhouse gases, may adversely affect INSW’s business.
- Employment of the Company’s vessels could be adversely affected by an inability to clear the oil majors’ risk assessment process.
- The Company’s vessels may be directed to call on ports located in countries that are subject to restrictions imposed by the U.S., the U.N., the U.K. or the EU, which could negatively affect the trading price of the Company’s common shares.
- An increase in trade protectionism and regulations issued by the United States to impose significant fees on vessels entering a U.S. port where that vessel was constructed in China or is owned or operated by a Chinese entity, and orders issued by China to impose comparable fees on vessels entering a Chinese port where that vessel was not constructed in China and is owned or operated by a United States controlled entity could adversely impact our results of operation, financial condition and cash flows.
- The Company may be subject to litigation and government inquiries or investigations that, if not resolved in the Company’s favor and not sufficiently covered by insurance, could have a material adverse effect on it.
- Maritime claimants could arrest INSW’s vessels, which could interrupt cash flows.
- Governments could requisition the Company’s vessels during a period of war or emergency, which may negatively impact the Company’s business, financial condition, results of operations and available cash.
- We may be subject to U.S. federal income tax on U.S. source shipping income, which would reduce our net income and cash flows.
- U.S. tax authorities could treat us as a “passive foreign investment company,” which could have adverse U.S. federal income tax consequences to U.S. shareholders.
- Pending and future tax law changes may result in significant additional taxes to us.
- Risks Related to the Common Stock
- We are incorporated in the Marshall Islands, which does not have a well-developed body of corporate case law or bankruptcy law, and, as a result, shareholders may have fewer rights and protections under Marshall Islands law than under a typical jurisdiction in the United States.
- It may be difficult to serve process on or enforce a United States judgment against us, our officers and our directors because we are a foreign corporation.
- The market price of the Company’s securities may fluctuate significantly.
- If securities or industry analysts do not publish research or publish inaccurate or unfavorable research about the Company’s business, the price and/or trading volume of shares of the Company’s common stock could decline.
- Our limited duration Amended and Restated Stockholders Rights plan dated as of April 11, 2023 (the “Amended and Restated Rights Plan”), also known as a “poison pill”, may discourage, delay or prevent a change of control of the Company or changes in our management and, therefore, depress the market price of the Company’s common stock.
- Future offerings of debt or equity securities by the Company may materially adversely affect the share price, and future capitalization measures could lead to substantial dilution of existing stockholders’ interests in the Company.
- INSW may not continue to pay cash dividends on its Common Stock.
Legal proceedings
See Note 18, “Contingencies” to the Company’s consolidated financial statements set forth in Item 8, “Financial Statements and Supplementary Data” of this Form 10-K for information regarding legal proceedings in which we are involved.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
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- 14SEC EDGARLois K. Zabrocky, President
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- 17SEC EDGARDebra Grillo, Treasurer
- 18
- 19
- 20SEC EDGARGeoffrey Carpenter, Treasurer
- 21SEC EDGARJames D. Small Iii., SVP & Secretary
- 22
- 23SEC EDGARAdewale Oshodi, Controller
- 24SEC EDGARDarron M. Anderson, Board member
- 25SEC EDGARKristian Johansen, Board member
- 26SEC EDGARCraig H. Stevenson Jr., Board member
- 27SEC EDGARNadim Z. Qureshi, Board member
- 28SEC EDGARDavid I. Greenberg, Board member
- 29SEC EDGARGregory A. Wright, Board member
- 30SEC EDGARChad Valerio, Board member
- 31SEC EDGARDouglas D. Wheat, Board member
- 32SEC EDGARJoseph Isaac Kronsberg, Board member
- 33SEC EDGARRandee E. Day, Board member
- 34SEC EDGARRonald Steger, Board member
- 35SEC EDGARTimothy J. Bernlohr, Board member
- 36SEC EDGARTy Wallach, Board member
- 37SEC EDGARJames D. Small Iii., General counsel
- 38
- 39
- 40
- 41SEC EDGAREntered a material agreement
- 42
- 43
- 44SEC EDGAREntered a material agreement
- 45
- 46SEC EDGARRegulation FD disclosure
- 47SEC EDGAROther events
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- 51NasdaqNasdaq calendar
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