Business
International Seaways Announces Sale of Vessels
NEW YORK, January 29, 2026--International Seaways, Inc. (NYSE: INSW) (the "Company," "Seaways," or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, announced today that since the start of the year, it has sold or entered into agreements to sell five vessels for aggregate proceeds of approximately $185 million, net of commissions and fees. The vessels are among the oldest in the fleet, consisting of three MRs wit
About this update from International Seaways, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":288,"url":"https://media.zenfs.com/en/business-wire.com/37bc79266e6b0389ffd1fd5fa24cf11b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/VJo.C7JPzngsXyru_75nCQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU3NjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/37bc79266e6b0389ffd1fd5fa24cf11b","width":480,"height":288}},"lazy":false},{"type":"text","content":"NEW YORK, January 29, 2026--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the "Company," "Seaways," or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, announced today that since the start of the year, it has sold or entered into agreements to sell five vessels for aggregate proceeds of approximately $185 million, net of commissions and fees. The vessels are among the oldest in the fleet, consisting of three MRs with an average age of 18 years and two VLCCs with an average of 15 years. The Company expects to close these transactions during the first quarter of 2026 and recognize gains from the vessel sales of approximately $65 million.","length":771,"tagName":"p"},{"type":"text","content":"ABOUT INTERNATIONAL SEAWAYS, INC.","length":33,"tagName":"p"},{"type":"text","content":"International Seaways, Inc. (NYSE: INSW) is one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets. International Seaways currently owns and operates a fleet of 73 vessels, including 12 VLCCs, 13 Suezmaxes, five Aframaxes/LR2s, 11 LR1s (including four newbuildings), and 32 MR tankers. International Seaways has an experienced team committed to the very best operating practices and the highest levels of customer service and operational efficiency. International Seaways is headquartered in New York City, NY. Additional information is available at https://www.intlseas.com.","length":674,"tagName":"p"},{"type":"text","content":"Forward-Looking StatementsThis release contains forward-looking statements. In addition, the Company may make or approve certain statements in future filings with the U.S. Securities and Exchange Commission (the "S...