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International Seaways, Inc Exhibitor

Presentation
International Seaways is a tanker company with ownership and operations in crude, product and chemical tankers. It was spun off from the Overseas Shipholding Group (OSG) in late 2016, as the Jones Act fleet was kept by OSG. In late March this year, International Seaways and Diamond S announced their intention to merge the companies, with International Seaways as the surviving entity.

With the merger now completed, the total fleet count is 86 vessels (excl. two BB-in and net JV), making it the second largest US-listed tanker company. The crude/product fleet mix is now 70/30, with an average age of ~9 years.

The merger was accretive to International Seaways’ earnings and cash flow, and the company expects cost and revenue synergies to be fully realized within 2022. In Q3’21, the company has continued its fleet optimization program by selling twelve vessels so far.
Presenting

Virtual

Type of industry

Shipping

Agenda

International Seaways, Inc.

Thursday September 16, 2021 10:40 - 11:00 CEST Stream 3 (Virtual)

Contact information

Phone

+ 1 212 578 1600

Address

600 Third Avenue, 39th Floor

New York, NY 10016

United States of America

Representatives

Lois Zabrocky SpeakerExhibitor

CEO
International Seaways, Inc