International Seaways, Inc. (NYSE:INSW) Files An 8-K Regulation FD Disclosure

International Seaways, Inc. (NYSE:INSW) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure

On October 7, 2019, (the “Closing Date”), International Seaways, Inc. (the “Company”) issued a press release announcing the sale of its 49.9% ownership interest in its joint venture (the “JV”) with Qatar Gas Transport Corporation (Nakilat) (“Nakilat”) to Nakilat (the “Transaction”) to a share purchase agreement (the “Agreement”) entered into on the Closing Date. The JV owns four liquefied natural gas carriers. The purchase price for the Transaction was $123 million, excluding fees and expenses. A copy of the press release is attached hereto as Exhibit 99 and the contents thereof are incorporated by reference herein. The information contained in Exhibit 99 is being furnished and shall not be deemed “filed” for purposes of Section 18 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 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
to General Instruction B.2 of Form 8-K, the following exhibit is furnished with this Form 8-K.
International Seaways, Inc. Exhibit
EX-99 2 exhibit99.htm                                     PRESS RELEASE INTERNATIONAL SEAWAYS ANNOUNCES SALE OF OWNERSHIP INTEREST IN LNG JOINT VENTURE Transaction Strengthens International Seaways’ Balance Sheet and Furthers Capital Allocation Strategy New York,…
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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.

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