International Seaways Inc (NYSE: INSW) is a tanker shipping company that transports crude oil and petroleum products across international ocean routes. Revenue is generated on a transactional basis through voyage charters and time charters, where shipowners are paid either a per-voyage rate or a fixed daily hire rate for the use of their vessels. The company is listed on the NYSE and filed its FY2025 10-K on February 26, 2026. Based on the filing, INSW operates a fleet of tankers across multiple vessel classes serving the global bulk liquid shipping market. The common stock closed at $36.48 per share on June 30, 2025, the last business day of the second quarter of FY2025. The filing references fleet operations, competition, and environmental and security matters relating to bulk shipping as core disclosure topics, indicating a capital-intensive operating model tied directly to vessel utilization and prevailing charter rates.

Revenue model

Transactional charter revenue from voyage charters and time charters across a fleet of tankers. Earnings depend on vessel utilization, charter rates, and fleet size.

Products and services

Ocean tanker transportation of crude oil and petroleum products. Fleet operations across multiple vessel classes in the bulk liquid shipping segment.

Customers and end markets

Crude oil and petroleum product shippers in international bulk liquid transport markets. Specific customer names and concentration data are not disclosed in the filing excerpts provided.

Value-chain role

Asset-owning ocean carrier in the midstream seaborne transport of crude oil and petroleum products.

Geographic exposure

International ocean shipping routes. Specific geographic revenue breakdown is not disclosed in the filing excerpts provided.

Source: SEC 10-K, filed 2026-02-26

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