International Seaways Inc - Company Profile
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International Seaways Inc (INSW) carries out the transportation of crude oil and petroleum products. It offers shipping services to customers through voyage charters, commercial pools, and time charters. INSW’s fleet includes ULCC (ultra-large crude carriers), VLCC (very large crude carriers), Aframaxes and Panamaxes that are used for the transportation of unrefined petroleum. The company also holds a fleet of medium-range and long-range vessels and tankers that are used for the transportation of crude and refined petroleum products. It serves oil traders, international government entities, refinery operators, and state-owned oil companies. INSW is headquartered in New York City, New York, the USA.
Products and Services
Services |
---|
Transportation for Crude Oil |
Transportation for Petroleum Products |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Plans/Strategy | In February, the company announced to acquire two Aframax Vessels for US$41 million. |
2022 | Divestiture | In June, the company sold its 50% stake in FSO Africa and FSO Asia vessels to Euronav for US$300 million. |
2022 | Asset Purchase | In February, the company acquired Red Eagle tanker for US$19.5 million. |
Competitor Comparison
Key Parameters | International Seaways Inc | Teekay Tankers Ltd | Tsakos Energy Navigation Ltd | Overseas Shipholding Group Inc | DHT Holdings Inc |
---|---|---|---|---|---|
Headquarters | United States of America | Bermuda | Greece | United States of America | Bermuda |
City | New York | Hamilton | Athina | Tampa | Hamilton |
State/Province | New York | - | - | Florida | - |
No. of Employees | 1,800 | - | - | 1,023 | 1,252 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Lois K. Zabrocky | Chief Executive Officer; President; Director | Executive Board | 2018 | 53 |
Jeffrey D. Pribor | Senior Vice President; Chief Financial Officer | Senior Management | 2016 | 65 |
James D. Small III | Secretary; General Counsel; Senior Vice President; Chief Administrative Officer | Senior Management | 2016 | 54 |
William Nugent | Senior Vice President; Chief Technical and Sustainability Officer | Senior Management | - | 55 |
Derek Solon | Chief Commercial Officer; Senior Vice President | Senior Management | 2016 | 46 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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