other material
confidence high
sentiment positive
materiality 0.60
International Seaways sells five older tankers for $185M net proceeds, expects $65M gains
International Seaways, Inc.
- Sold or agreed to sell 3 MR & 2 VLCC tankers since year-start.
- Aggregate net proceeds of approx. $185M after commissions and fees.
- Average ages: MRs 18 yrs, VLCCs 15 yrs; among oldest in fleet.
- Expects Q1 2026 close and to recognize ~$65M gains from sales.