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International Seaways Inc (INSW.N)

INSW.N on New York Stock Exchange

21.44USD
20 Jun 2018
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Latest Key Developments (Source: Significant Developments)

International Seaways Says May Offer Upto $100 Mln Preferred Stock Or Debt Securities
Tuesday, 17 Apr 2018 05:14pm EDT 

April 17 (Reuters) - International Seaways Inc ::INTERNATIONAL SEAWAYS INC SAYS MAY OFFER PREFERRED STOCK OR DEBT SECURITIES OF UP TO $100 MILLION - SEC FILING.  Full Article

International Seaways Q4 Loss Per Share $3.12
Thursday, 8 Mar 2018 06:45am EST 

March 8 (Reuters) - International Seaways Inc ::INTERNATIONAL SEAWAYS REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 LOSS PER SHARE $3.12.Q4 LOSS PER SHARE $0.33 EXCLUDING ITEMS.QUARTERLY CONSOLIDATED TCE REVENUES $65.1 MILLION, COMPARED TO $82.2 MILLION.QUARTERLY SHIPPING REVENUES WERE $69.4 MILLION, COMPARED TO $85.8 MILLION.Q4 EARNINGS PER SHARE VIEW $-0.38, REVENUE VIEW $66.2 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

International Seaways Announces Agreement To Acquire Six VLCCs
Thursday, 21 Dec 2017 07:30am EST 

Dec 21 (Reuters) - International Seaways Inc ::INTERNATIONAL SEAWAYS ANNOUNCES AGREEMENT TO ACQUIRE SIX VLCCS.INTERNATIONAL SEAWAYS INC - ‍PURCHASE PRICE FOR SIX-VESSEL ACQUISITION IS $434 MILLION, INCLUSIVE OF ASSUMED DEBT.​.INTERNATIONAL SEAWAYS INC - ‍IN CONNECTION WITH TRANSACTION, CO TO ASSUME DEBT CURRENTLY SECURED BY ACQUIRED VESSELS​.INTERNATIONAL SEAWAYS- TO BUY HOLDING COMPANIES FOR 6 300,000 DWT VLCCS FROM EURONAV NV IN CONNECTION WITH EURONAV'S ACQUISITION OF GENER8 MARITIME.INTERNATIONAL SEAWAYS INC - ‍DEBT CURRENTLY SECURED BY ACQUIRED VESSELS CONSISTS $311 MILLION CREDIT FACILITY​.  Full Article

International Seaways posts Q2 loss per share $0.40
Wednesday, 9 Aug 2017 06:58am EDT 

Aug 9 (Reuters) - International Seaways Inc :International Seaways reports second quarter 2017 results.Q2 loss per share $0.40.Q2 earnings per share view $0.15 -- Thomson Reuters I/B/E/S.International Seaways Inc - time charter equivalent (TCE) revenues for Q2 were $69.3 million, compared to $101.0 million in Q2 of 2016..International Seaways Inc - "‍we remain positive on crude tanker fundamentals in 2018​".  Full Article

International Seaways says in process of seeking amendment to outstanding credit facility ​
Tuesday, 18 Jul 2017 09:13am EDT 

July 18 (Reuters) - International Seaways Inc ::International Seaways - in process of seeking amendment to outstanding credit facility consisting of revolving credit facility of $50 million - sec filing​.International Seaways-‍first amendment would,pursuant to accordion feature under credit facility, increase outstanding term loan by incremental $50 million​.International Seaways - is seeking amendment to credit facility consisting of term loan of $500 million, which may be increased upto extra $50 million.International Seaways - net proceeds from first amendment would be used to fund in part acquisition of 2 suezmax tankers from Hyundai Samho.International Seaways - first vessel is expected to be delivered on July 20, second vessel is expected to be delivered on or around July 26.  Full Article

International Seaways announces agreement to acquire two 2017-built Suezmax Tankers
Thursday, 29 Jun 2017 06:45am EDT 

June 29 (Reuters) - International Seaways Inc :International Seaways announces agreement to acquire two 2017-built Suezmax Tankers.International Seaways Inc- International Seaways intends to fund vessel acquisitions from available liquidity.International Seaways Inc - ‍following delivery of two vessels, International Seaways will have a total fleet of 57 vessels​.International Seaways Inc- Vessels are expected to deliver to company by end of July 2017.  Full Article

Euronav JV with International Seaways to continue current contractual service FSOs Africa & Asia
Wednesday, 17 May 2017 12:48am EDT 

May 17 (Reuters) - EURONAV NV :SAYS JV WITH INTERNATIONAL SEAWAYS HAS SIGNED CONTRACT FOR 5 YEARS FOR THE FSO AFRICA AND FSO ASIA IN DIRECT CONTINUATION OF THE CURRENT CONTRACTUAL SERVICE.CONTRACT WAS SIGNED WITH NORTH OIL COMPANY ("NOC"), THE FUTURE OPERATOR OF THE AL-SHAHEEN OIL FIELD.NEW CONTRACTS ARE EXPECTED OVER THEIR FULL DURATION TO GENERATE EBITDA IN EXCESS OF USD 360 MILLION FOR THE JOINT VENTURES.NEW CONTRACTS WILL HAVE A DURATION OF FIVE YEARS STARTING AT THE EXPIRY OF THE EXISTING CONTRACTS WITH MAERSK OIL QATAR.BASED ON EURONAV'S 50% OWNERSHIP IN THE JOINT VENTURES THE FIVE YEAR CONTRACTS ARE EXPECTED TO GENERATE IN EXCESS OF USD 180 MILLION OF EBITDA FOR THE COMPANY.  Full Article

International Seaways reports Q4 loss per share $1.98
Wednesday, 29 Mar 2017 07:00am EDT 

International Seaways Inc : International seaways reports fourth quarter and full year 2016 results . Q4 loss per share $1.98 .Time charter equivalent (tce) revenues for q4 were $82.2 million, down 31%.  Full Article

Overseas Shipholding Q4 earnings per share $0.74 from cont. ops
Tuesday, 7 Mar 2017 07:00am EST 

Overseas Shipholding Group Inc : Overseas Shipholding Group reports fourth quarter and full year 2016 results . Q4 earnings per share $0.74 from continuing operations . TCE revenues for Q4 of 2016 were $109.6 million, down 4% .Q4 shipping revenue fell 3 percent to $114.8 million.  Full Article

International Seaways Q3 loss per share $1.74
Monday, 5 Dec 2016 08:00am EST 

International Seaways Inc : Q3 revenue $80.8 million versus $131.1 million . International Seaways reports third quarter 2016 results .Q3 loss per share $1.74.  Full Article