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International Seaways Reports Third Quarter 2017 Results

November 9, 2017 6:58 AM EST

NEW YORK--(BUSINESS WIRE)-- International Seaways, Inc. (NYSE: INSW) (the Company or INSW), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets, today reported results for the third quarter 2017.

Highlights

Net loss for the third quarter was $21.8 million, or $(0.75) per share, compared to net loss of $50.9 million, or $(1.74) per share, in the third quarter of 2016. Time charter equivalent (TCE) revenues(A) for the third quarter were $56.5 million, compared to $77.2 million in the third quarter of 2016.... More