International Seaways ( (INSW) ) has provided an announcement.
International Seaways, a leading tanker company, reported robust third-quarter 2024 results, highlighting a net income of $92 million and a combined dividend of $1.20 per share. The firm emphasized its strong balance sheet with $694 million in liquidity and a historically low net loan-to-value ratio of 13.5%. Despite a decrease in revenues compared to the previous year, the company remains optimistic due to strong market fundamentals and plans to continue its capital allocation strategy to enhance fleet performance and shareholder returns.
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