New insider activity at International Seaways ( (INSW) ) has taken place on March 15, 2025.
Senior Vice President Derek G. Solon has recently sold 4,400 shares of International Seaways stock, amounting to a total transaction value of $146,872.
Recent Updates on INSW stock
International Seaways reported a net income of $36 million for Q4 2024 and $417 million for the full year, despite a decrease in shipping revenues due to lower spot rates and fleet changes. The company executed a fleet optimization program, enhancing operational efficiency by swapping older vessels for newer ones. It maintained a robust balance sheet with $632 million in liquidity and returned over $300 million to shareholders, reflecting a 12% yield. The company remains optimistic about future market conditions, driven by favorable supply-demand dynamics and geopolitical factors, and plans to continue its disciplined growth strategy with a focus on shareholder returns. Temporary higher expenses were noted due to one-off legal matters and maintenance, but effective cash flow management was demonstrated through the repayment of a $70 million borrowing. The company’s strategic positioning in the tanker market, with a low spot breakeven rate and strong TCE projections, supports its positive outlook.
More about International Seaways
YTD Price Performance: -9.02%
Average Trading Volume: 1,053,956
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.63B