Insweb Corp (INSW) Reports Q4 Loss of $1.98/Share

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International Seaways Reports Fourth Quarter and Full Year 2016 Results

March 29, 2017 7:00 AM EDT

NEW YORK--(BUSINESS WIRE)--

International Seaways, Inc. (NYSE: INSW) (the Company or INSW), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets, today reported results for the fourth quarter and full year 2016.

Highlights

Successfully completed the spin-off from its former parent company, Overseas Shipholding Group, Inc. Time charter equivalent (TCE) revenues(A) for the fourth quarter and full year 2016 were $82.2 million and $385.0 million, down 31% and 19%,... More