Draft:International Seaways

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  • Comment: Possibly notable, but the current sources are not enough to establish that. DoubleGrazing (talk) 10:35, 5 February 2024 (UTC)

International Seaways, Inc.
Company typePublic company
Founded2016; 8 years ago (2016)
HeadquartersNew York, New York, U.S.
Key people
  • Lois Zabrocky (CEO and President)
RevenueIncrease US$865 million (2022)
Increase US$388 million (2022)
Number of employees
1,800 (January 2024)
Websiteintlseas.com
Footnotes / references
[1]

International Seaways, Inc. is an American maritime transport company that operates crude, product, and chemical tankers in global waters. The company provides a variety of shipping services, including voyage charters, commercial pools, and time charters. As of 2024, the company owns and operates 76 vessels.

History[edit]

International Seaways was originally the international division of Overseas Shipholding Group. In 2016, Overseas Shipholding Group underwent a restructuring and its international business lines were spun-off as International Seaways in December of that year.[2] Lois Zabrocky was appointed CEO of the new company and had previously been with Overseas Shipholding Group for 25 years.

In 2022, Cypriot shipping billionaire John Fredriksen took a 16.6% stake in International Seaways through his holding company Seatankers.[3] Seatankers subsequently announced in an open letter that it would withhold its vote for two members of International Seaways' board, including CEO Lois Zabrocky. [4] Fredriksen also owns a 9.6% stake in Overseas Shipholding Group.

References[edit]

  1. ^ "International Seaways, Inc. 2022 Annual Report (Form 10-K)" (PDF). U.S. Securities and Exchange Commission. 28 February 2023.
  2. ^ "International Seaways Begins Operating as an Independent, Publicly Traded Company". International Seaways. December 1, 2016. Retrieved February 4, 2024.
  3. ^ "Fredriksen Launches War of Words With International Seaways Board". The Maritime Executive. May 31, 2023. Retrieved February 4, 2024.
  4. ^ Alex Longley (May 31, 2023). "Tanker Billionaire Fredriksen Clashes With Another Shipper". Bloomberg. Retrieved February 4, 2024.