Company Overview

Business Description

Sector
Energy
Industry
Energy
Headquarters
United States of America US
Employees
2 763
IPO date
Nov 16, 2016

International Seaways owns and operates oil tankers that move crude oil and refined petroleum products by sea. In simple terms, it is a shipping company for the energy trade: it transports cargoes such as crude oil, gasoline, diesel, and other petroleum products between producing regions, refineries, and consumer markets around the world.

Its main customers are oil producers, refiners, trading houses, and other charterers that need vessels to move fuel. The company makes money by renting out its ships on short-term voyages or longer charters, so its revenue depends on freight rates, vessel availability, and how much demand there is for tanker transport. Because it owns the ships rather than the cargo, it earns from shipping capacity, not from the price of oil itself.

What makes the business model distinctive is that it sits in the middle of the global energy supply chain. International Seaways is essentially a fleet owner and operator: it provides the ships, crews, and logistics needed to move liquid energy products safely across oceans. That makes it a capital-intensive business with earnings tied to global trade flows, shipping supply and demand, and safety and environmental rules.

International Seaways Inc Investor Relations

Address
600 3rd Ave Fl 39
New York City, New York
United States of America

Business Segments

Crude tankers

This business moves crude oil by sea on large tanker ships owned or chartered by International Seaways.

Customers

Oil producers, traders, refiners, and shipping customers that need crude oil moved between production areas and refineries.

Revenue Model

The company earns freight income by chartering ships to customers under spot trips or longer charter contracts.

Product tankers

This business transports refined petroleum products such as gasoline, diesel, and jet fuel on smaller tanker ships.

Customers

Refiners, oil companies, traders, and fuel distributors that need finished fuel moved to storage terminals and end markets.

Revenue Model

The company earns freight income from spot voyages and charter agreements paid by the customer for use of the vessel.

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Management

Ms. Lois K. Zabrocky

President, CEO & Director

Biography unavailable

Mr. Jeffrey D. Pribor

CFO, Senior VP & Treasurer

Biography unavailable

Mr. James D. Small III

Chief Administrative Officer, Senior VP, General Counsel & Secretary

Biography unavailable

Thomas Trovato

Vice President of Corporate Finance & Investor Relations

Biography unavailable

Mr. Adewale O. Oshodi

VP & Controller

Biography unavailable

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