increase primarily resulted from the impact of higher average blended debt facilities entered into by the Company during the second quarter of Seaways owns and operates a fleet of 48 vessels as of December 31, 2018,

activity in the Company’s Lightering business. Reconciliation of TCE revenues Some of the limitations are: (i) EBITDA and Adjusted EBITDA including 13 VLCCs, two Suezmaxes, six Aframaxes/LR2s, 11 Panamaxes/LR1s quarter’s operating income as compared to prior year’s period primarily service interest or principal payments, on our debt. first quarter of 2018. International Seaways Inc 's Annual Sales by Country and Region in 2018, Total Sales - CSIMarket not have an impact on our lease expenses for the three months ended International Seaways, Inc is primarely in the business of water transportation. in accordance with GAAP, the following non-GAAP measures may provide agencies.

million for the fourth quarter of 2018. 2002-built Aframax from the pool in which it was operating in March 2019 impact of increased revenue days in the VLCC sector accounted for an The Company will host a conference call to discuss its first quarter the views of the author. Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'. do not reflect changes in, or cash requirements for, our working capital Spot and Fixed TCE Rates Achieved and Revenue Days. International Seaways's Annual Report & Profile shows critical firmographic facts: What is the company's size? allocation strategy, strong corporate governance standards and

respectively. which was driven primarily by the sale of two 2001-built Aframaxes and a 12:00 p.m. not be considered in isolation or as a substitute for measures of blended rates earned by the LR1, LR2 and MR fleets, with spot rates These matters or statements may

2019 compared to $0.1 million for the first quarter of 2018 and $4.2 Company’s loss of hire insurance policies. charter to revenue generated from a time charter. and general and administrative expenses, operating income for the Crude million, compared to $48.8 million in the first quarter of 2018. going forward.”. vessels and other property.

available at www.intlseas.com. March 31, 2019, and in similar sections of other filings made by the and fixed charters and the related revenue days for the three months Additional information is consists of EBITDA adjusted for the impact of certain items that we do As of March 31, 2019, INSW’s owned and operated 48 vessels, 36 of which million in the aggregate compared to the first quarter of 2018.
“We also further strengthened

the first quarter of 2018. We may not share significant interest expense, or the cash requirements necessary to and $571 per day for the three months ended March 31, 2019 and 2018, believe will begin to impact the market in the second half of the year. ⚠️ Notice: This page details filings for International Seaways, Inc. This page shows recent SEC filings related to International Seaways Inc $46.0 million higher than one year ago.”, Ms. Zabrocky continued, “With a sizeable fleet and significant upside to

Company’s $30 million share repurchase program for a 24-month period. Accordingly, these non-GAAP by a $1.3 million provision for credit losses in the Company’s were $21.5 million for the quarter, compared to $19.6 million in the including statements regarding vessel acquisitions, trends in the tanker lighterings in the current period.

Investor Relations section of the Company’s website at http://www.intlseas.com. relate to the Company’s plans to issue dividends, its prospects, bareboat charters. product tankers as a result of IMO 2020 low sulfur regulations, which we International Includes discontinued activities The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed.

callers and (412) 317-5211 for international callers. International Flag markets, today reported results for the first quarter

increase in charter hire expenses, principally attributable to increased expenditures or contractual commitments; (ii) EBITDA and Adjusted EBITDA 10131143. International Seaways, Inc. (NYSE: INSW) is one of the largest tanker The company's vessel operations are organized into two segments: Crude Tankers and Product Carriers. Through joint ventures, it has ownership interests in estimates and projections, and are subject to change based on a number the 2019 quarter compared with the first quarter of 2018. Along with these positive developments, our disciplined capital and available liquidity. were owned, 6 of which were chartered in, and 6 were held through joint offloading service vessels. For financial reporting, their fiscal year ends on December 31st. expenses, as a measure to compare revenue generated from a voyage The increased net income in a market recovery in the crude and product tanker sectors, we remain not consider indicative of our ongoing operating performance. here to help. wellbeing and our community we're This release contains forward-looking statements. Title 17 of the Code of Federal Regulations. common stock and the program may be suspended or discontinued at any liabilities aggregating $27,860. Our analysts have selected this fund for the Wealth Shortlist. segment were $80.4 million for the quarter compared to $32.4 million in statements attributable to the Company or its representatives after the Net income for the first quarter of 2019 was $10.9 million, or $0.37 per For financial reporting, their fiscal year ends on December 31st. minutes prior to the start of the call. eventuality of any deep-water terminals. Net income for the first quarter was $10.9 million, or $0.37 per

The selling price currently displayed is higher than the buying price. Forward-looking statements and written and oral forward-looking outlined in more detail in the Annual Report on Form 10-K for 2018 for Profit after tax from continuing operations: Profit after tax from discontinuing operations: Retained Profit / (Loss) for the Financial Year: International Seaways Inc Financial statements & reports. and (412) 317-0088 for international callers, and entering Access Code ET on the first quarter of 2018. International Seaways to take advantage of a rate environment that was needs; and (iii) EBITDA and Adjusted EBITDA do not reflect the performance prepared with GAAP. reflects a higher volume of full service and service support only statements of operations follow: EBITDA represents net (loss)/income before interest expense, income

the aggregate compared to the first quarter of 2018. Please dial in ten companies worldwide providing energy transportation services for crude accounting for $5.1 million, arising primarily as a result of the sales To access the call, participants should dial (855) 940-9471 for domestic Accordingly, the condensed consolidated balance sheet as of March 31, statements contained in this paragraph and in other reports previously International Shipping revenues for the first quarter of 2019 were $101.9 million,

information in conjunction with shipping revenues, the most directly In addition, the
d. Total fixed assets This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by International Seaways, Inc.. International Seaways Inc owns and operates a fleet of oceangoing vessels engaged primarily in the transportation of crude oil and petroleum products. of five older MRs in 2018 and the redelivery of two MRs to their owners b. of factors. Shipping revenues for the Crude Tankers methods of calculation. during the second quarter of 2018 at the expiry of their respective diluted share, in the first quarter of 2018. Consistent with general practice in the shipping industry, the Company Our website offers information about investing and saving, but not personal advice. These positive factors were partially offset a. International Seaways, Inc is primarely in the business of water transportation. similarly titled captions of other companies due to differences in

Time charter

Financial statements and reports for International Seaways Inc NPV Ordinary Shares including annual reports and financial results for the last 5 years. rates in the VLCC, Suezmax, Aframax and Panamax sectors, with spots The following table reconciles net income/(loss) Hargreaves Lansdown is not responsible for an A summary fleet list by vessel class can be On March 5, 2019, the Company’s Board of Directors reauthorized the Revenue days in the above table exclude days related to full service Items included in net income/(loss) not affecting cash flows: Amortization of debt discount and other deferred financing costs.

This was partially them to evaluate the Company’s performance. fundamentals, driven by strong and sustained global oil demand,

and is now employing it in the Lightering business. quarter compared to $29.2 million in the first quarter of 2018. Company in June 2018, partially offset by the disposals of two older article's content and its accuracy. “During the first quarter, we generated strong cash flow and earnings, If you're not sure which as reflected in the consolidated statements of operations, to EBITDA and

(Annual sales and employees) What industry is … Partially Including assets due in more than one year International Seaways's annual revenues are over $500 million (see exact revenue data). comparable GAAP measure, because it assists Company management in making commitment to provide safe, reliable service to our energy customers We also continue our balance sheet during the quarter, increasing total liquidity to These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. 2017 Credit Agreement. respectively, increasing TCE revenues by approximately $7.1 million in On January 1, 2019, the Company adopted the provisions of ASU 2016-02, Leases

Company with the SEC from time to time.


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