International Seaways, Inc. (NYSE:INSW) Files An 8-K Regulation FD DisclosureItem 7.01Regulation FD Disclosure.
On June 14, 2018, International Seaways, Inc. (the "Company" or "INSW") issued a press release announcing the acquisition of six VLCC tankers from a subsidiary of Euronav NV. A copy of the press release is attached hereto as Exhibit 99.1
By filing this Current Report on Form 8-K and furnishing the information contained herein, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD.
The information contained in the Presentation is summary information that is intended to be considered in the context of the Company's Securities and Exchange Commission ("SEC") filings and other public announcements that the Company may make, by press release or otherwise, from time to time. The Company does not have, and expressly disclaims, any obligation to publicly update or revise the information contained in this report or any changes in our expectations or any change in events, conditions or circumstances on which any forward-looking statement is based.
The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, nor shall such information be deemed to be incorporated by reference into any registration statement of other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise stated in that filing.
Section 9 – Financial Statements and Exhibits
Item 9.01Financial Statements and Exhibits.
to General Instruction B.2 of Form 8-K, the following exhibit is furnished with this Form 8-K.
Press Release dated June 14, 2018.
International Seaways, Inc. ExhibitEX-99 2 exhibit99.htm PRESS RELEASE INTERNATIONAL SEAWAYS COMPLETES ACQUISITION OF SIX MODERN VLCCS Grows Fleet 23% Since Spinoff,…To view the full exhibit click
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.