Name | Value |
---|---|
Revenues | 194.6M |
Cost of Revenue | 86.1M |
Gross Profit | 108.5M |
Operating Expense | 63.4M |
Operating I/L | 45.0M |
Other Income/Expense | -10.3M |
Interest Income | 3.4M |
Pretax | 34.7M |
Income Tax Expense | -1.1M |
Net Income/Loss | 35.8M |
International Seaways, Inc. is a leading player in the international flag trade, specializing in the transportation of crude oil and petroleum products. The company operates a fleet of 83 vessels, including chartered-in vessels and ownership interests in two floating storage and offloading service vessels. Its business is divided into two segments, Crude Tankers and Product Carriers, serving a diverse client base comprising independent and state-owned oil companies, oil traders, refinery operators, and international government entities. International Seaways, Inc. generates revenue by providing oceangoing transportation services for the global oil and petroleum industry.