International Seaways (INSW) Announces Contract to Build Three Dual-Fuel LNG VLCCs

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/24/2026

1. DECK
2. RNG
3. WDC
4. BYD
5. SPOT
6. WCN
7. BMY
8. TSCO
9. BE
10. SPY

Go back to International Seaways (INSW) Announces Contract to Build Three Dual-Fuel LNG VLCCs

International Seaways (INSW) Misses Q4 EPS by 1c, Revenues Miss

March 12, 2021 6:53 AM EST

International Seaways (NYSE: INSW) reported Q4 EPS of ($0.20), $0.01 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $56.7 million versus the consensus estimate of $62.02 million.

Highlights

Net loss for the twelve months ended December 31, 2020 was $5.5 million, or $0.20 per diluted share. Net loss for 2020 reflects the impact of impairments and loss on sale of vessels of $100.1 million and various expenses related to refinancing of $14.5 million, and a non-cash deferred tax provision of $16.4 million recorded as a reduction of equity in results of the FSO (Floating Storage Offloading) joint ventures,... More