International Seaways(NYSE) INSW

International Seaways, Inc. moves oil across the world's oceans. Large tankers deliver raw crude and fuels to global customers. These services support the world's essential energy supply chains.

How the Oil Moves

• Crude Tankers: Transports raw oil using very large tankers; accounted for 58% of TCE revenues for the three-month period ended June 30, 2026. TCE, or time charter equivalent, is an industry measure of daily ship earnings.
• Product Carriers: Carries refined petroleum products like gasoline and diesel; comprised the balance of TCE revenues for the three-month period ended June 30, 2026.
• Lightering Services: Transfers oil between ships at sea to allow large tankers to unload in shallow ports.
• Floating Storage: Uses specialized vessels to hold oil at sea for long periods before delivery.

Ships, Sales, and Newbuilds

• Acquired full ownership of a ship management agency in early 2026 to manage its fleet of massive tankers.
• Sold seven older vessels during the first half of 2026 to lower the average age of its fleet.
• Took delivery of two new specialized tankers in early 2026 as part of a long-term growth plan.
• Entered contracts for four additional fuel-efficient vessels in July 2026 with deliveries scheduled for 2028.

What Sets Seaways Apart

The company operates through commercial pools to group ships and improve efficiency. This approach helps maximize daily earnings across diverse global shipping routes while maintaining a mix of short-term and long-term contracts.

The Latest Financial Results

• TCE revenues, which measure daily ship performance, were $434.2 million for the three months ended June 30, 2026, up 130% year over year.
• Net income reached $294.9 million for the three-month period ended June 30, 2026.
• Adjusted EBITDA, a non-GAAP figure showing earnings before interest and taxes, was $345.2 million for the three months ended June 30, 2026.
• Total liquidity reached $935.1 million as of June 30, 2026, providing a buffer for future ship construction and operations.

Bottom Line

International Seaways has evolved by modernizing its fleet and using commercial partnerships to increase its market reach. This strategy focuses on operational efficiency and returning value to shareholders through dividends and debt reduction.