International Seaways ( (INSW) ) has shared an announcement.
On February 27, 2025, International Seaways reported its financial results for the fourth quarter and full year of 2024, highlighting a net income of $36 million for the fourth quarter and $417 million for the year. The company executed a fleet optimization program, exchanging older vessels for newer ones, and maintained a robust balance sheet with $632 million in liquidity. Despite a decrease in shipping revenues compared to 2023, the company declared a combined dividend of $0.70 per share for March 2025, reflecting a strong capital allocation strategy and commitment to shareholder returns.
More about International Seaways
International Seaways, Inc. is one of the largest tanker companies worldwide, providing energy transportation services for crude oil and petroleum products.
YTD Price Performance: 0.61%
Average Trading Volume: 985,589
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.79B
See more insights into INSW stock on TipRanks’ Stock Analysis page.