International Seaways, Inc. (NYSE:INSW) Files An 8-K Other Events

Item 8.01 Other Events.

On December 22, 2016, International Seaways, Inc. issued a press
release announcing that its joint venture with Euronav NV
received a letter of award from North Oil Company, future
operator of the Al Shaheen oil field, for a 5 year extension of
its current contractual service relating to floating storage and
offloading (FSO) Africa and FSO Asia, each vessel having a
capacity of 3 million barrels. The award is subject to successful
negotiation and documentation of the services contracts. A copy
of the press release is attached hereto as Exhibit 99.1.

Section 9 Financial Statements and Exhibits.

Item 9.01 Financial Statements and Exhibits.

(d)Exhibits

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.

International Seaways, Inc. (NYSE:INSW) Recent Trading Information

International Seaways, Inc. (NYSE:INSW) closed its last trading session up +0.99 at 14.00 with 391,005 shares trading hands.