International Seaways, Inc. (NYSE:INSW) Files An 8-K Regulation FD DisclosureItem 7.01
On December 21, 2017, International Seaways, Inc. (the “Company”) made available to investors a presentation (the “Presentation”) entitled “Transaction Update to Shareholders”, a copy of which is attached hereto as Exhibit99.1, relating to its entry into a binding letter of intent with respect to the acquisition of six VLCC tankers (the “Transaction”). In addition, International Seaways, Inc. (the “Company”) issued a press release relating to the Transasction, as set forth in Item 7.01 below.
The information contained in, or incorporated into, this Item 7.01, including Exhibits 99.1 and 99.2 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Section 8 – Other Events
On December 21, 2017, International Seaways, Inc. (the “Company”) issued a press release announcing that it has entered into a binding letter of intent with Euronav with respect to the Transaction. A copy of the press release is attached hereto as Exhibit 99.2 and the contents thereof are incorporated by reference herein.
Section 9 – Financial Statements and Exhibits
| Item 7.01 | Financial Statements and Exhibits. |
(d) Exhibits
to General Instruction B.2 of Form 8-K, the following exhibits are furnished with this Form 8-K.
International Seaways, Inc. ExhibitEX-99.1 2 tv481849_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 International Seaways,…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.
