International Seaways, Inc. (NYSE:INSW) Files An 8-K Other Events
Item 8.01 Other Events.
On June 29, 2017, International Seaways, Inc. (“INSW”) issued a
press release announcing that it had entered into agreements to
acquire two Suezmax tanker newbuildings constructed at Hyundai
Samho Heavy Industries shipyard. The agreements were entered into
between the shipyard and two of INSW’s subsidiaries on June 23,
2017, and the vessels are expected to be delivered by the end of
July 2017. A copy of the press release is attached as Exhibit
99.1.
Section 9 – Financial Statements and Exhibits.
Item 9.01 Financial Statements and Exhibits.
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Exhibit No. |
Description |
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99.1 |
Press Release dated June 29, 2017 |
International Seaways, Inc. ExhibitEX-99 2 pressrelease.htm PRESS RELEASE INTERNATIONAL SEAWAYS ANNOUNCES AGREEMENT TO ACQUIRE TWO 2017-BUILT SUEZMAX TANKERS New York,…To view the full exhibit click here About International Seaways, Inc. (NYSE:INSW)
International Seaways, Inc. and its subsidiaries own and operate a fleet of oceangoing vessels. The Company’s oceangoing vessels engage in the transportation of crude oil and petroleum products in the International Flag trades. The Company’s segments are International Crude Tankers and International Product Carriers. Its 55-vessel fleet consists of Ultra Large Crude Carrier (ULCC), Very Large Crude Carrier (VLCC), Aframax and Panamax crude tankers, as well as long range 1 (LR1), LR2 and medium range (MR) product carriers. Its International Crude Tankers segment is made up of a ULCC and a fleet of VLCCs, Aframaxes, and Panamaxes. Its International Product Carriers segment consists of a fleet of MRs, LR1s and an LR2 engaged in the transportation of crude and refined petroleum products. Through joint venture partnerships (the JVs), it has ownership interests in approximately four liquefied natural gas carriers and approximately two floating storage and offloading service vessels.