International Seaways (INSW) Responds to Famatown

International Seaways, Inc. (NYSE: INSW) today issued the following statement:

International Seaways is singularly focused on delivering value to our shareholders, and the record earnings we recently announced are evidence that our strategy is yielding results. We engage regularly with our shareholders and, since Famatown disclosed its interest in International Seaways, we have been seeking to work with Famatown constructively.

We remain firmly committed to acting in the best interests of International Seaways and all of our shareholders and building on our strong momentum.

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