INSW Profile
International Seaways, Inc. is a leading maritime transportation company specializing in the global movement of crude oil and petroleum products. The company operates a diverse fleet of oceangoing vessels under the international flag, with a focus on two primary segments: Crude Tankers and Product Carriers. This strategic division enables International Seaways to efficiently manage and transport a broad range of hydrocarbon products across international markets.
As of December 31, 2021, International Seaways owned and operated a fleet of 83 vessels, including 12 chartered-in ships. The company's fleet also encompasses ownership interests in two floating storage and offloading (FSO) service vessels, which are utilized for the storage and handling of hydrocarbons in offshore environments. These assets position International Seaways as a key player in the maritime transportation sector, capable of meeting the needs of various clients across the global oil and gas industry.
The company's customer base includes independent and state-owned oil companies, oil traders, refinery operators, and international government entities. This diverse clientele underscores International Seaways' extensive reach and capability in serving different sectors of the energy market. The company’s services are critical for ensuring the efficient and reliable transportation of crude oil and refined petroleum products to global destinations.
Originally incorporated as OSG International, Inc., the company rebranded to International Seaways, Inc. in October 2016 to better reflect its global operations and expanded business focus. Founded in 1999, International Seaways is headquartered in New York, New York, and continues to leverage its extensive maritime expertise to maintain a leading position in the international shipping industry.
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