International Seaways, Inc. (INSW) is a leading provider of maritime transportation services to the international oil and gas industry. Incorporated in 1999, INSW has its headquarters in New York City, USA. This well-established company owns and operates a fleet of tanker vessels, transporting petroleum and liquid petroleum gas worldwide.
The prime focus of International Seaways is to provide safe, reliable, and diverse shipping services. With the help of industry-leading technologies and advanced operating capabilities, it strives to meet the dynamic requirements of multinational oil production and refining companies globally.
INSW's large fleet consists of a diverse mix of crude oil and product carriers that enables the company to provide flexibility and stability to its customers. It boasts ultramodern vessels, including ultra large crude carriers (ULCCs), very large crude carriers (VLCCs), long-range product carriers (LRs), and medium-range product carriers (MRs). It also includes Panamax, Aframax, and Suezmax tankers, offering a full spectrum of oil transportation services.
The company's extensive experience and adherence to safety and environmental protocols has helped it gain the trust of its clients. Zero tolerance for pollution and emphasis on safety for the crew, vessels and environment is a key cornerstone of INSW. It follows regulations put down by international conventions and codes, with ships featuring cutting-edge navigational and safety technologies.
To keep pace with the constantly evolving maritime industry, INSW works on enhancing its operational, technical, and commercial efficiency. It has put a great deal of emphasis not only on the physical aspects of its fleet but also on recruitment, training, and retention of skilled seafarers. The extensive experience of the INSW team contributes to effective chartering decisions, efficient operations, and strong post-fixture activities.
As of December 31, 2020, International Seaways owned or leased 36 vessels, including 11 VLCCs, two ULCCs, 10 LR1 and LR2s, 12 MRs, and one Aframax. The company has grown steadily over the years and continues to provide services of the highest quality. INSW is committed to leading the way in maritime transportation, promoting safety, environmental stewardship, and creating long-term value for its shareholders.
International Seaways, Inc. is listed on the New York Stock Exchange under the symbol “INSW” and has received recognition within the shipping industry for its high standard of services and solid financial stability.